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Showing posts from June 15, 2017

China-led AIIB approves $324 mln in infrastructure investment The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved two loans and one equity investment worth $324 million across Georgia, Tajikistan and India. The bank's first ever equity investment of $150 million aims to help attract private capital for infrastructure projects in India, the AIIB said in an emailed statement. "Approving our first equity investment is another milestone for the Bank and will enhance our potential to source and fund high quality, private sector projects," said D.J. Pandian, AIIB Vice President, in the statement. "These three projects demonstrate a growing sophistication in our ability to support our member countries across different regions and sectors." The Beijing-based AIIB, formed in January 2016, aims to provide infrastructure financing in the Asia-Pacific region. The multilateral development bank has been viewed as a rival to the Western-domi

China and Japan Holding Maritime Talks to Prevent Maritime Clashes Japan wants a “hotline” but China unlikely to moderate its behavior. By  Steven Stashwick June 15, 2017     Chinese and Japanese officials are expected to meet for  high-level talks  on maritime issues in July like establishing a “hotline” between the two countries to diffuse potential unintended clashes. The new talks are a positive development between countries that regularly face off in the East China Sea, and as Japan increasingly  expands its operations in the South China Sea . However, the history of similar maritime dialogues between China and the United States should caution against expectations that they will lead to meaningful diplomatic breakthroughs, or even a moderation of risky Chinese military behavior. China disputes Japan’s administration over the Senkaku islands in the South China Sea, which it calls the Diaoyus. Since the Japanese government took over the Senkak

Ukraine aims to become 'strong chain' in modern Silk Road Xinhua | Updated: 2017-06-16 10:27 KIEV - Ukraine targets to become a "strong chain" in the China-proposed modern Silk Road through building economic and logistic links between Asia and Europe, Ukrainian Deputy Prime Minister Gennady Zubko said on Thursday. "We are striving to ensure that the Ukrainian presence on the New Silk Road is becoming more and more important," Zubko was quoted by the government press service as saying during the World Expo-2017 in Astana, Kazakhstan. Ukraine has good infrastructure network to connect Asia and Europe, he said, adding that the East European country is also willing to participate in the project as an exporter of goods. The Belt and Road Initiative opens up new opportunities for Ukraine to boost its metallurgical, agriculture and chemical exports, Zubko noted. Besides, he pointed that Ukraine has good prospects to cooperate with other countries along t

Balochistan sets aside Rs86bn for development programme The Newspaper's Staff Correspondent Published about 2 hours ago QUETTA: Adviser to the Balochistan Chief Minister on Finance Sardar Muhammad Aslam Bizenjo presents the budget for the 2017-18 financial year in the provincial assembly on Thursday.—APP QUETTA: Balochistan on Thursday announced a Public Sector Development Programme of Rs86 billion, which allocates greater resources for transport, road development and social sector. The development budget for the next financial year is almost 21 per cent higher than the original estimate of Rs71.1bn for the outgoing year. The budget has allocated almost 20pc for road and transport, 11pc for education, 15pc for health and public health engineering and 14pc for irrigation and agriculture. The development outlay includes foreign assistant of Rs6bn which would be spent on 1,211 ongoing and 1,549 new projects. In his budget speech, Adviser to the

Nearly 29 districts of Balochistan deprived of Sui gas: Fehmida Jamali DW Focus Karachi 13 HOURS AGO BY AGENCIES ISLAMABAD: Balochistan’s Pakistan Tehreek Insaf (PTI) Women Wing President Fehmida Jamali said that Balochistan is the least developed province of Pakistan as the province had even been deprived of basic infrastructure for a long time now. She said that the 1200 kilometres long Mekran Coast remained unexplored while it could have been a gold mine for Pakistan and it could have earned billions of dollars a year for being a port of transit for the landlocked countries of Central Asia, including Afghanistan. Jamali, while talking to newsmen on Thursday, said that more than 29 districts of the province are denied natural gas as the Sui Southern Gas Company (SSGC) had itself announced that it has been providing natural gas facility to only 14 villages of the province. It is a matter of concern for the government that second and t