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Showing posts from June 5, 2018

Gwadar free zone’s industrial units to start working by yearend

KARACHI: At least 10 industrial units will start working at Gwadar port’s free zone by this yearend as the first phase of the zone has been completed, a senior Chinese official said on Tuesday. Zhang Baozhong, chairman of China Overseas Ports Holding Company Pakistan (COPHC) said six of the industrial units are from China, while four are local and they are setting up projects related to edible and palm oil processing and automotive and services industries. “A sum of $300 million has already been invested in the mega project, while another approximately $200 million would be spent on phase-II for which the feasibility report is already complete,” Baozhong said, speaking at the Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) event. In January, former Prime Minister Shahid Khaqan Abbasi inaugurated the first phase of Gwadar Port’s free zone that would facilitate regional and global trade under the China-Pakistan Economic Corridor projects. COPHC, the operator of G

Three soldiers killed in IS attack in Balochistan province

One attacker was killed in the exchange of fire with soldiers while other blew himself up, according to the security sources. Three soldiers were killed and four injured in the gun battle and ensuing suicide bombing. By:  PTI  | Karachi |Updated: June 5, 2018 3:20:34 pm Islamic State bombers attacked a security post in Pakistan's Balochistan province killing 3. (Representational) Two heavily-armed Islamic State bombers attacked a security post in Pakistan’s restive Balochistan province , killing at least three paramilitary soldiers and injuring four others. Two bombers attacked the check post of paramilitary Frontier Corps (FC) near Mastung city of the province, a security official said yesterday. One attacker was killed in the exchange of fire with soldiers while other blew himself up, according to the security sources. They said that three soldiers were killed and four injured in the gun battle and ensuing suicide bombing. ADVERTISEMENT A statement posted on an IS-affiliat

CPEC: Beyond the Rule of Capital?

The China–Pakistan Economic Corridor by   Aasim Sajjad Akhta Inside a Haier Pakistan factory. Credit: Arif Ali,  White Star . Aasim Sajjad Akhtar is an assistant professor at the National Institute of Pakistan Studies at Quaid-i-Azam University in Islamabad. In August 2017, seven months into the most reactionary U.S. presidency of modern times, Donald Trump ventured into the political minefield that Washington has named the “AfPak” region, accusing Pakistan of hindering efforts to establish a lasting peace in Afghanistan and the region at large. Trump then reaffirmed his predecessor’s commitment to deepening ties with South Asia’s preeminent power, India. The Pakistani government, media, and intelligentsia reacted sharply, incensed both at Washington’s “do more” mantra and the continuing U.S. tilt toward their archrivals in New Delhi. A little over a month later, U.S. Defense Secretary James Mattis upped the ante further by questioning the legality of China’s much-hyped One Belt

SupChina Newsletter: Update on China

Tuesday, June 5, 2018 GIF by Lucas Niewenhuis.  View pronunciation video from Jia . Read this  in your browser , see our  newsletter archives , or view our  Access archives for members . Dear reader, We were hacked was attacked yesterday by feckless individuals of unknown persuasion. We are nearly done fixing the damage and our site will be operating normally soon, hopefully by the time you read this. Our apologies for the interruption in service. If you’re not an  Access subscriber , you’ll have missed our roundup of coverage of June 4 anniversary activities. One recommendation about 1989 in Beijing I’d like to repeat here, if you haven’t seen it: the film  Gate of Heavenly Peace , produced by Richard Gordon, Carma Hinton, and Geremie Barmé.  You can watch the whole thing for free on YouTube . Two upcoming events in New York Thursday, June 7 :  Writer and Sinica Podcast guest Ian Johnson and scholar of Confucius, Mahāyāna Buddhism, and classical Chinese philos

Belt and Road woes

The course of the Belt and Road, China’s “project of the century,” is not running smooth. Today’s problems include: Nepal’s finance minister  said his country’s deal with a state-owned Chinese firm to build a massive dam with a price tag of $1.8 billion “would be cancelled and Nepal would fund the project itself,” according to the South China Morning Post, which calls the move “the latest blow” to the Belt and Road. Malaysia’s finance minister  today “announced plans to report to the anti-graft agency upfront payments of billions of ringgit the previous administration made to a Chinese firm for two pipeline projects that have barely begun,” reports the SCMP. Mahathir Mohamad,  prime minister of Malaysia from 1981 to 2003 and reelected earlier this month, is likely to scrutinize Chinese projects more closely than his predecessor: “Mahathir sees China as increasingly more of a geopolitical threat than an economic opportunity,” according to Manila-based scholar Richard Javad Heydarian

Balochistan: Seven Pakistani soldiers killed, three Baloch fighters martyred in Kahan

Source : Baloch Social Media Groups QUETTA:  At least seven Pakistani troops have been killed and three Baloch fighters embraced martyrdom in a gun battle in Sohrod area of Kahan in district Kohlu Balochistan on Monday 3rd June. According to details, the Pakistani army has attacked several houses of unarmed Baloch civilians and carried out a house-to-house search during their ongoing offensive in the region. Among other houses, they also raided the house of a senior commander of the Baloch Liberation army where the Pakistani forces faced strong resistance. The spokesperson of Baloch Liberation Army, Mr Azad Baloch, said, ‘The BLA commander Kaheeri Marri, his sons Najeeb and Tufail and his brother Mitha Khan Marri preferred to fight and defend their family instead of surrendering before the Pakistani army.’ Sources reported the fierce battle between Baloch fighters and Pakistani army continued for four hours. Hundreds of Pakistani forces indiscriminately used latest weapons, as a

Air China adds more Belt and Road routes

China Daily Li Yan Air China has launched direct flights between Beijing and Hanoi, the Vietnamese capital, with two new services to follow, as the nation's flag carrier looks to boost air links between China and countries involved in the Belt and Road Initiative. The Hanoi route opened on Friday, and next month services will be launched between Chengdu, the capital of Sichuan province, and London; and between Beijing and the Russian city of Irkutsk via Hulunbuir Hailar Airport in the Inner Mongolia autonomous region, the company said. The airline had previously launched three other international flights this year linking China and countries involved in the Belt and Road Initiative: Hangzhou to Nha Trang, Vietnam; Chengdu to Bangkok, Thailand; and Beijing to Copenhagen, Denmark. "The Belt and Road Initiative has provided opportunities and is a main driving force for Air China to build and expand our global air network," said Luo Yong, managing director of the carrier

CPEC: transport or economic corridor?

By  Hasaan Khawar The writer is a public policy expert and an honorary Fellow of Consortium for Development Policy Research. He tweets @hasaankhawar Three CPEC routes are expected to form an impressive transport corridor connecting China to the Arabian Sea. If the Chinese start using these routes to trade with Middle East and North African countries, CPEC will turn into a cross-border trade and transit corridor. With enough traffic, we might also get some toll income. But the real returns are to be expected for Pakistan, only if CPEC truly becomes a vibrant economic corridor. how can we make it happen? Merely by creating a few special economic zones? And what is an economic corridor anyway? Trade corridors have been in existence for centuries, with famous Silk, Spice and Incense routes connecting the Orient with the Occident. Trade corridors depict movement of goods and services in specific geographical patterns. Transport corridors, a most recent phenomenon, generally refer to a l

CPEC 2018 Summit: Business? Yes. As usual? No!

Dr Ishrat Husain provides clarity on some of the most frequently asked questions about CPEC. The success of the project, in his opinion, will depend on Pakistan's willingness to dispense with negative mindsets and archaic business models. THEREare five often asked questions about the CPEC. The first one relates to the total size committed by China, the different components of CPEC, and the phasing of the whole programme. The other ones are: Where do we stand and what has the CPEC achieved so far and what should we expect in the future? What net benefits are likely to accrue to the Pakistan economy and the society at large? How much financing burden the CPEC projects would impose on Pakistan’s external account? And, finally, what are the possible risks to the economy that should be avoided? SIZE, COMPONENTS AND PHASING In 2015, China committed a total amount of $46 billion for investment and financing of the CPEC programme over a period of 15 years. The portfolio consists of 43