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Showing posts from November 25, 2017

Chabahar Port in India can complicate the economy of rival Pakistan further International We are telling you a current news, did you know last month, India sent its first consignment of wheat to Afghanistan through the Iranian port of Chabahar. Also the following six months India will send six more. As a result of this, it will take Afghan trade out of the Afghan Transit Route through Pakistan and give it to Iran. Largely changing the nature of Afghanistan’s relations both with Pakistan and Iran. To recall in 2003 the Chabahar deal was made between Tehran and India. Pakistan, on the other hand, didn’t feel anything and didn’t pay attention.It had ceased with the idea of Pak-India free trade and did not react to India’s award of Most Favoured Nation, which was rewarded to the country in 1996.The idea of being a trading hub didn’t appeal to it. “The alliance between India, Afghanistan, and Iran is a security threat to Pakistan”, former defense secretary, retired Lt-Gen Asif Yasin

China to get 91pc Gwadar income, minister tells Senate

Iftikhar A. Khan Updated November 25, 2017 ISLAMABAD: The Senate was told on Friday that 91 per cent of the revenues to be generated from the Gwadar port as part of the China-Pakistan Econo­mic Corridor (CPEC) would go to China, while the Gwadar Port Authority would get 9pc share in the income for the next 40 years. This was disclosed by Federal Minister for Ports and Shipping Mir Hasil Bizenjo after senators expressed concern over the secrecy surrounding the CPEC long-term agreement plan, with many observing that the agreement tilted heavily in China’s favour. The minister said that the agreement was based on a build-operate and transfer model spread over 40 years. That means that Pakistan will take over the operation of the port along with the infrastructure to be built on it during the period to enhance the port’s cargo-handling capacity. However, Senator Kal­soom Parveen of the ruling Pakistan Muslim League-Nawaz (PML-N) pointed out that the agreement had not been signed on t