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Showing posts from May 19, 2017

Is China’s Silk Road initiative at a dead end? DISCLAIMER:  All opinions in this column reflect the views of the author(s), not of PLC. By  Peter Wolff  May 17, 2017 Xi Jinping [ GovernmentZA /Flickr ]        China’s Silk Road initiative is designed to boost economic growth across Asia and Africa through targeted infrastructure investments. But achieving the convergence needed across such different political and economic environments will be harder than Beijing had anticipated, writes Peter Wolff. Peter Wolff is an economist at the German Development Institute (GDI/DIE). This editorial was originally  published on their website . Last weekend saw Chinese President Xi Jinping welcome guests to Beijing for a major Silk Road forum. The Belt and Road Initiative (BRI) is a central element of Chinese globalisation strategy and Xi‘s reputation is closely tied to the initiative. Under its aegis the plan is to establish a network

Three labourers working on China 'Silk Road' project killed in Pak Islamabad [Pakistan], May 19 : Suspected militants on Friday gunned down three Pakistani workers building a Chinese-funded "Silk Road" highway in Balochistan, just days after a similar attack that killed 10 labourers working on projects under the Chinese Belt and Road initiative islamabad  [ pakistan ], May 19 : Suspected militants on Friday gunned down three Pakistani workers building a Chinese-funded "Silk Road" highway in Balochistan, just days after a similar attack that killed 10 labourers working on projects under the Chinese Belt and Road initiative. According to a report in the Dawn, the workers were part of a team working on a major highway in the Hoshab area of Turbat, linking the port-city of  Gwadar  to Quetta. "The labourers belonged to the Khairpur area of the Sindh province," said  Sarmad Saleem , a regional official. The thr

26 BLF militants surrender Our Correspondent Khuzdar As part of the ongoing reconciliation process, 26 militants belonging to various outlawed militant groups surrendered their weapons to authorities in Balochistan’s Khuzdar district on Friday. ‘More militants will surrender before the authorities in the days to come,’ Balochistan government spokesperson Anwarul Haq Kakar had said on April 21, when 434 militants submitted their weapons and surrendered to the authorities. The militants surrendered at a ceremony organised at the Kalat Scouts campus in Khuzdar. PML-N Senator Niamatullah Khan Zehri, Commandant Kalat Scouts Colonel Rizwan Afzal and other officials participated in the weapons laying ceremony. The militants laid down their weapons under the leadership of commander Omar Baloch, who belonged to an outlawed organisation. ‘We are denouncing violence and will now work for the country and nation,’ Baloch said. During the last two years, more than 1,6

CPEC offering indirect economic turnaround for Pakistan

hhttp// http Staff Reporter Islamabad The China-Pakistan Economic Corridor (CPEC) would be a ‘game changer’ for the economy of Pakistan not because of the volume of investment it was carrying but in terms of impact of the nature of the entailing project that would prove real turnaround for our national economy and hence to usher a new era of economic development and prosperity in the country. Dr. Saad S Khan, senior faculty member of the National School of Public Policy during a special lecture ‘Unpacking CPEC as a Game Changer’, held at Sustainable Development policy Institute (SDPI) here on Friday. Dr. Saad S Khan while covering different dimensions of CPEC said that the project was one of the 6 corridors that China has envisaged to enhance its trade and investment around the world. Therefore, he said, the purpose of this project for China was to find affordable economic route to boost its exports from Xinjiang

How Pakistan has received a boost from the Belt and Road Forum summit By R Hariharan23:53 BST 19 May 2017, updated 23:53 BST 19 May 2017 +6 Facebook Twitter e - mail SMS WhatsApp 0 comments Was Belt and Road Forum (BRF) summit an overall success? Yes, from the Chinese point of view, the BRF summit was a hit because most of the key nations through which the Belt and Road projects pass through, barring India, attended the summit at the highest level.  Thus it added substance to China's bid to create a new world order across Asia. But the EU representatives (including those from Belgium, Estonia, Germany, Hungary, Italy and Spain) struck a jarring note by rejecting a Chinese text related to a trade prepared at the summit.  Reports  According to media reports, EU representatives explained that for Europe, the BR initiative would only succeed if it was based on transparency and co-ownership.  The EU representative had also raised the issue o

China-Pakistan Economic Corridor: How India lost an opportunity May 20, 2017, 12:17 AM IST  Economic Times  in  ET Commentary   |   India   |  ET   By  Pinaki Bhattacharya In the aftermath of what can be called the ‘Dai Bingguo Formula’, named after the Chinese special representative for the Joint Working Group on the India-China boundary dispute, floated in March this year, it was argued that New Delhi not concurring with a Chinese request to join the China-Pakistan Economic Corridor (CPEC) would be a gigantic folly. It can now clearly be said China has snatched away Indian primacy in the region. It all happened over two days this week as China hosted the Belt and Road Forum in Beijing. Over May 14 and 15, even as India sought and failed to reconcile its desire for material largesse that can accrue from the Chinese Belt Road Initiative (BRI) and its desire to maintain its strategic autonomy in relation with the US, 110 cou

CPEC to boost investment in Pak, dividends from past reforms      Washington A new IMF report on regional outlook noted foreign-financed infrastructure spending as a key driver in propelling growth in oil importing countries, including Pakistan where implementation of the China-Pakistan Economic Corridor will boost investment. Pakistan is clubbed with MENAP region that includes Middle East, North Africa, Afghanistan and Pakistan in IMF Regional Outlook report released recently. The report noted that among the regional countries, growth will be particularly robust in Djibouti and in Pakistan, mainly owing to the investment under CPEC. Overall, regional growth in MENAP region is expected to increase from 3.7 percent in 2016 to 4 percent in 2017 and to 4.4 percent in 2018. “More generally, the improved outlook reflects the continued dividends from past reforms, which have reduced fiscal deficits and improved the business climate (Morocco, Pakistan), supported by a scali

CPEC has 'very worrying aspects' for Pakistan, says writer Nadir Hasan IANS | Islamabad May 19, 2017 04:36 PM IST Photo: Shutterstock A Pakistani writer warned on Friday that the CPEC, which has earned the ire of India, has "some very worrying aspects" for Pakistan. Staff writer Nadir Hassan said in The News International that the corridor project might go beyond economics "and will lead to the type of control over Pakistan that the US exerted post 9/11 and even before that". According to Hassan, details about the China-Pakistan Economic Corridor (CPEC), which have been closely guarded by Islamabad, were recently made public, exposing "some very worrying aspects to the entire deal. " China will apparently be responsible for installing security systems in major cities around the country. " The cost this represents to our liberty is one we have accepted must be paid as the price (for) tackling

CPEC: Three labourers killed Pakistan by  Mahmood  Idrees  | Published on May 19, 2017  🔗 TURBAT – A second incident of targeting labourers occurred in Turbat on Friday where at least three men were gunned down. According to local media, unidentified attackers, who apparently want to impede development in Pakistan, opened fire on the labourers when they were busy in construction of a road in Turbat’s Hoshab vicinity and killed the three. Chief Minister (CM) Balochistan Nawab Sanaullah Zehri condemned the brutal attack  on labours, adding, “We will take strict action against those who are targeting innocent citizens”. The CM further said, “All efforts to derail Balochistan’s development will be thwarted.” Last year, Prime Minister inaugurated of Sorab-Hoshab Highway N-85 which is a part of the western route and connect northern and southern communication routes under China-Pakistan Economic Corridor (CPEC). Nawaz further

CPEC – The Chinese Carotid, Pakistani Jugular and an Indian Opportunity May 19, 2017; By: Lt Gen P R Shankar (Retd)   Print   Email Xi Jinping and Nawaz Sharif (Image Courtesy: Financial Times) Image Courtesy: Financial Times EDITOR’S NOTE The General, in a previous article in , had argued that the China Pakistan Economic Corridor was a carotid for China ( ). However, it imposes huge costs on both China and Pakistan. For the Chinese the security of the corridor that passes through a volatile country could be rather steep. For Pakistan it leads to gradual colonisation. The author also points out an advantage India may accrue should Pakistan declare Gilgit –  Baltistan as its provinces. It’s an opportunity for Indians to review the status of J&K and even Article 370. CPEC – THE CHINESE CAROTID, PAKISTANI JUGULAR AND AN INDIAN OPPORTUNITY As events have unfolded the CPEC is now turning i