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Showing posts from March 24, 2017

How China could benefit from Pakistan's 'dream corridor' By Claude Arpi23:11 GMT 24 Mar 2017, updated 23:11 GMT 24 Mar 2017 +6 Facebook Twitter e - mail SMS WhatsApp 0 comments For Pakistan it was a dream come true. When Chinese President Xi Jinping visited Islamabad in April 2015, he pledged a whopping Rs 3,00,894 crore for the China Pakistan Economic Corridor (CPEC).  While the mega project was a vital element of the One Belt, One Road (OBOR) for Beijing, it was a 'game-changer' for Pakistan, as it would bring prosperity to the entire region.  It's true that Xi brought with him munificent gifts for Pakistan: the Chinese billions would boost Pakistan's flagging economy with massive energy and infrastructure projects.  +6 Chinese President Xi Jinping speaking in Islamabad in 2015, when he said both Pakistan and China share common threats and should stick together to confront them This included an addition

CPEC to bring prosperity: RCCI President March 24, 2017      Staff Reporter Rawalpindi President Rawalpindi Chamber of Commerce and Industry (RCCI) Raja Amer Iqbal has said that China-Pakistan Economic Corridor (CPEC) is crucial for the country’s economic stability and prosperity. Talking to a group of traders at RCCI, he asked government to set up a working group to analyze and realize maximum opportunities from CPEC. The working groups must include representatives from chambers of commerce, experts and consultants, he suggested. RCCI president added that while materializing all projects, it should be considered that new industrial zones do not effect existing businesses. A joint venture strategy including Chinese and Pakistani companies can capitalize this golden opportunity, he added. Raja said: “CPEC is a mega development initiative and a game changer for Pakistan and the region as well. Amer said Rawalpindi is a major city that falls in the northern par

Huge foreign funds coming from CPEC can be temporarily dumped in barren lands of Balochistan: FPCCI Business   The Dependent 14 HOURS AGO BY  PAKISTANTODAY ISLAMABAD – Reiterating once again that the local insurance companies should be able to deal with the massive influx of foreign funds coming as part of the China Pakistan Economic Corridor, the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) said that the money can be dumped in the barren lands of Balochistan. While addressing a meeting with representatives of leading insurance companies and government officials, FPCCI Senior Vice President Mian Shaukat Masud said that till Pakistan figures how to safely manage the infinite volumes of money that has already started coming through the CPEC, the unutilised lands of Pakistan’s largest province could be the temporary option. “The amounts that I’ve been hearing about are so huge that my first instinct was to think of a plac

A rising Pakistan Javed Malik Last updated on March 22, 2017 at 1.22 pm Pakistan's Prime Minister Nawaz Sharif meets Pakistan's Ambassador to the Kingdom of Bahrain and PM's Special Envoy Javed Malik at PM House in Islamabad March 23 is a day of celebration for every Pakistani, whether you live in Pakistan or abroad. For those of us living overseas, this momentous day is equally jubilant, not only because it brings with it a sense of celebration, but also because it provides us with an opportunity to connect with fellow Pakistanis in the countries of our residence. Work, family or professional commitments may have taken some of us away from our motherland, but I think I can speak for all overseas Pakistanis when I say that our hearts still beat with Pakistan. We remain closely connected and developments that are taking place in our country affect us. Therefore, this year when we celebrate our National Day,

Between China and India, what is sauce for the goose must be sauce for the gander Part 1 March 24, 2017, 1:28 PM IST  Swagato Ganguly       Chinese President Xi Jinping is holding a high-profile “One Belt, One Road” (Silk Road) Summit in May, and the Chinese are miffed that Prime Minister Narendra Modi is not attending. The Chinese hard-sell the Silk Road to New Delhi at every opportunity. Recently Chinese expert on world affairs Wang Zhan, who also happens to be a deputy to the National People’s Congress (China’s parliament), spoke about China’s initiative and why India should support it (see  this HT report ). Wang has indicated India should withdraw objections to the CPEC (the Pakistani edition of the Silk Road project), which is not aimed at India but is undertaken for purely economic reasons, for the furtherance of China’s commercial interest. CPEC passes, of course, through PoK, and while China knows the area

China, Pakistan to reap ‘early harvest’ of economic corridor project: Chinese minister Karachi 9 HOURS AGO BY  PAKISTANTODAY KARACHI: An “early harvest” is expected for projects involving transportation, infrastructure and energy in the China-Pakistan Economic Corridor (CPEC), the Chinese transport minister Li Xiaopeng has said. The CPEC is a major project of China’s Belt and Road Initiative, he added. “ These projects not only form the strategic framework for bilateral cooperation but also enhance regional interactivity thus serving as an example for the Belt and Road international cooperation, ” the China Daily reported Friday quoting Li. The remarks were made on Thursday during a reception hosted by the Pakistan embassy to celebrate the 78th National Day in Beijing. During his speech, Masood Khalid, ambassador of Pakistan to China, hailed the ambitious initiative and flouri shing relationship between China and Pakistan. Pakistan’s sta

PLA marches in Pakistan parade By Cao Siqi Source:Global Times Published: 2017/3/24 22:53:40 1 Attendance shows nations’ mutual trust, good friendship: FM The participation of the People's Liberation Army (PLA) in a major military parade in Pakistan shows the mutual trust and good friendship that the two countries' armies share and is another step for China's military toward safeguarding regional stability and world peace, observers said.   An honor guard contingent from the PLA's Beijing garrison made up of representatives from the navy, army and air force marched in the parade held in Pakistan's capital city Islamabad on Thursday morning to celebrate the South Asian country's Republic Day, which marks the adoption of the country's first constitution, the Xinhua News Agency reported.   In a statement that China's  Ministry of National Defense  sent to the Global Times on Friday, the ministry said that China and Pakistan are all-we

Planning Commission opposes LNG terminal leasing at Gwadar KHALEEQ KIANI UPDATED ABOUT 10 HOURS AGO ISLAMABAD: While the Planning Commission has opposed the leasing option of an LNG terminal at Gwadar, preferring an outright purchase of the facility for Rs41 billion, the Central Development Working Party (CDWP) led by Planning and Development Minister Ahsan Iqbal has set aside the commission’s objections, giving the petroleum ministry a go-ahead for leasing the Floating Storage and Re-gasification Unit (FSRU) for 25 years at an estimated cost of $120,000 per day. The Executive Committee of the National Economic Council (Ecnec), which will take a final decision on the matter, is expected to take up the project along with the Planning Commission’s observations in its next meeting. The Planning Commission confirmed that the overall project was viable on the basis of partial facts presented and offered a financial internal rate of return at 5.8pc. Th

CPEC to influence Pakistan socially, economically: Burfat March 24, 2017      Hyderabad The Sindh University Vice Chancellor Prof Dr Fateh Muhammad Burfat has said China Pakistan Economic Corridor (CPEC) project will positively influence Pakistan socially, economically and politically to a great extent. According to a press release issued here on Thursday, the VC addressing a seminar over CPEC’s impact in the SU’s campus in Dadu district. The seminar was attended by a large number of faculty, scholars, students and other officials working on CPEC related projects. The VC said the motorways and highways being built for the project would connect Jacobabad, Shikarpur, Ratodero, Shahdadkot with Khuzdar and Gawadar in Balochistan. He added that industrial zones would also be established from Shahdadkot to Khuzdar which would benefit both the provincesof Sindh and Baluchistan. “With the establishment of the zone in the remote areas, employment and uplift will come