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Showing posts from March 29, 2017

Gwadar: 4 factories to start production by December-2017   Last Updated On  29 March,2017  11:46 am China has already invested USD 50 million in free-trade zone at Gwadar. KARACHI (Dunya News) - Heavy contingents of law enforcement agencies for seaward security of Gwadar port and associated sea lanes against conventional and non-conventional threats can be seen as one enters through Gwadar port gate. Friendship flags of China and Pakistan are waving across streets displaying strong strategic bond between two Himalayan neighbours. Intense construction work is underway as Gwadar is gradually making inroads into becoming hub of regional trade. About two decades ago, Pakistan envisioned to reap fruits of geo-political and geo-strategic location of Gwadar. First phase of construction work was wrapped up in 2005 but failed in achieving intended outcomes. At present, Beijing and Islamabad are willing to leave no stone unturned to make Gwadar port an unpre

CPEC — moving from discussion to solutions By  Zulfiqar Qazilbash Published: March 30, 2017 The writer is the president of Islamabad Consulting (, a global management consultancy operating in Pakistan’s corporate and development sectors CPEC is a major Chinese project closely related to its One Belt, One Road initiative that aims to boost Asian trade internally as well as externally. The initiative is ambitious on an unprecedented scale. It dwarfs the Marshall Plan which rebuilt Europe after the Second World War. It will impact about 65 per cent of the world’s population, about one-third of the world’s GDP, and about a quarter of all the goods and services the world moves. We are fortunate to be part of it. However, it is time for Pakistan to move from discussions around the project into developing a national vision that takes full advantage of the opportunities presented. Much is at stake if we do not do this in an accelerated time f

President calls for effective role of engineers, scientists in CPEC’s implementation Islamabad President Mamnoon Hussain on Wednesday called for an effective role of engineers and scientists to make the China-Pakistan Economic Corridor (CPEC) successful in order to improve the livelihood of the common man. “All sections of the society, particularly the engineering community and the higher educational institutions needed to work collectively for pushing forward this gigantic project to transfer its huge socio-economic benefits to the people,” he stated this while addressing an international seminar held here on ‘CPEC- Opportunities and Challenges’ that was jointly organized by the Institution of Engineers, Pakistan (IEP) and National University of Sciences and Technology (NUST). The largely attended seminar was also addressed by Chinese ambassador Sun Weidong who enlightened the audience about rich benefits of CPEC, stating that it is a unique p

PM invites Bahrain to benefit from CPEC opportunities ISLAMABAD: Prime Minister Nawaz Sharif has said the China Pakistan Economic Corridor (CPEC) is a corridor of energy, roads, motorways, pipelines, rail networks and optic fibre that will have an investment outlay of over $51 billion. The prime minister was talking to a high-level delegation of prominent businessmen and investors from Bahrain here at the Prime Minister’s Office (PMO) on Wednesday. He told the members of the delegation about CPEC and said that it is not only a framework of regional connectivity but a game changer for the region. He said the government as well as business community of Bahrain can benefit immensely from the opportunities and prospects offered by the corridor. The prime minister reminded that the economic outlook of Pakistan has altogether changed in the last three years, which is being acknowledged by independent financial rating institutions. “My government aft

Drawbacks of CPEC rch 30, 2017 This refers to the article, ‘Opposition to CPEC’ (Mar 28) by Abdul Sattar. The writer has tried to absolve China of all criticism regarding CPEC.        However, his inferences and examples are weak.   For     example, his point pertaining to taking land from the native Indian tribes in the US in 1830 will not find any moral support in the case of acquiring land for CPEC projects today.    Similarly, the sale of large tracks of land – which would have been justified in 19th century when land was easily available – does not justify the acquisition of agricultural land in thickly populated areas for CPEC projects.  The writer has also mentioned that China is pumping $960 billion into the ‘One Belt One Road’ project and there is no complaint of exploitation.    There is no complaint centre to find out if there is any complaint against Chinese investments. The fact that China has huge foreign trade surpluses is enough

China more cautious on Millitary alliance with pakistan

Picture of the day

China and Saudi Arabia’s $65 Billion Deal: Economic and Geopolitical Impacts Posted by  Corrina Vali Saudi Arabia’s King Salman with predecessor and elder brother, King Abdullah. Source: Saudi Arabian King Salman bin Abdulaziz Al Saud flew to Beijing last Thursday, March 16 th , to deepen economic ties between the two powers. As Riyadh struggles to keep up with the ongoing slump in the oil market, King Salman and Crown Prince Mohammed bin Salman have launched a campaign to diversify the country’s oil-dependent economy. According to their “ Vision 2030 ”, the three pillars of Saudi Arabia’s future success are its “status as the heart of the Arab and Islamic worlds”, its potential to become a global investment powerhouse, and its strategic location, which connects three continents. This visit was part of the king’s month-long Asian trip, which included visits to Malaysia, Japan, Indonesia, Brunei and the Maldives. The countries chosen for this trip