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Showing posts from December 21, 2018

Gwadar project: NEPRA sets tariff for 300MW coal-power plant

By  Our Correspondent Published: December 21, 2018 Representational image of a coal plant. PHOTO: REUTERS ISLAMABAD:  The National Electric Power Regulatory Authority (Nepra) has allowed a Chinese company to collect a tariff of Rs6.96 per unit for its 300-megawatt coal-fired power plant in Gwadar, setting aside concerns of Balochistan’s energy department. CIHC Pak Power Company Limited (CPPCL) is setting up the coal-fired power plant. According to the petitioner, keeping in view the strategic importance of Gwadar to the China-Pakistan Economic Corridor (CPEC) and the anticipated rapid growth, the CPEC Joint Cooperation Committee (JCC) had decided in its sixth meeting, held in Beijing in December 2016, that a 300MW imported coal-fired power project must be developed on a fast track in Gwadar. The JCC nominated China Communications Construction Company (CCCC), a subsidiary of China Communications Construction Group (CCCG), for undertaking the project. According to the petitioner

Akhtar Mengal wants DG Khan and Rajanpur back in Balochistan

December 21, 2018 Samaa Digital BNP leader Sardar Akhtar Mengal has said that all areas that were once Balochistan’s and have been added to other provinces should be restored. Speaking during the National Assembly session on Friday, he said a big part of Balochistan was given to Iran. DG Khan and Rajanpur were once part of Balochistan, he said. We should consider whether our issues will be solved by making new provinces, said Mengal. If the rulers truly want to help Balochistan, they should give back the areas that were once Balochistan’s, he said.

‘CPEC transformational for Pakistan’

Sumaira Jajja Updated December 21, 2018 British envoy Elin Burns says UK is keen to participate in opportunities the mega project offers. — Photo courtesy: Twitter KARACHI: The China-Pakistan Economic Corridor (CPEC) is potentially transformational for Pakistan and we are keen to participate in the opportunities it offers, said UK Deputy High Commissioner and Trade Director Elin Burns on Thursday. In an interaction with media, she said that UK is investing in Pakistan for the long-term. “We want to be a trading partner of a booming, thriving Pakistan 20 years from now,” she said while answering questions that focused on ‘what next for Pakistan’ after the enthusiastic reaction to British Airways’ (BA) decision to  resume flights to the country . The thing with Pakistan that comes to mind is the scale of potential, with a growing young population and middle-class that has an appetite for UK products, brands and expertise, that makes it appealing, she said while talking about the s

China provides motorcycles for CPEC security

A Correspondent Updated December 21, 2018 GILGIT: The Chinese government has provided 50 motorcycles and 200 bulletproof jackets to Gilgit-Baltistan government to ensure the security of China-Pakistan Economic Corridor route in the region. The provision of motorcycles and jackets is part of an agreement signed between Xinjiang province of China and GB government. GB inspector general of police Sanaullah Abbasi handed over the keys of motorcycles and bulletproof jackets to the superintendents of police during a ceremony here on Thursday. He said motorcycles would be used by the police for patrolling the CPEC route. ARTICLE CONTINUES AFTER AD Gilgit SSP Tanveerul Hasan said the GB police were being provided with modern equipment. He said the GB police would ensure the security of CPEC route in the region and Chinese citizens working on various CPEC projects, while they would be protected during movement on the corridor routes. Published in Dawn, December 21st, 2018 https://www

China rejects NTT report about building Millitary equipment under CPEC

BEIJING: The Chinese foreign ministry Friday rejected a media report that it was planning to build military equipment including fighter jets under China-Pakistan Economic Corridor (CPEC) framework. “ According to our information, the relevant report is not true,” Chinese foreign ministry’s spokesperson Hua Chunying said during her regular briefing held here. She remarked that the CPEC was an important framework for cooperation bearing long-term interests for both sides. The New York Times reported Thursday in a long dispatch claiming that Beijing's "Belt and Road" plan was taking a "military turn" as Pakistani Air Force and Chinese officials are putting the final touches on a plan to expand Pakistan’s building of Chinese fighter jets, weaponry and other hardware.  The dispatch said that the newspaper had "reviewed" the confidential plan which it says also envisages the cooperation between China and Pakistan in space. "All those military pro

TRIVIUM CHINA: The Tip Sheet know china better

TRIVIUM CHINA Friday, December 21, 2018 HEARD IN BEIJING "The online rumor…has come to our attention." - Office of the Financial Stability and Development Commission Some context:  On Friday afternoon, the Office of the Financial Stability and Development Commission took the unusual step of batting down rumors about economic policy. It’s a clear indication that policymakers are keen to control the narrative on economic policy. More in the Tip Sheet below. It has come to our attention that some of you are not forwarding the Tip Sheet! How can we control the narrative if nobody reads us? Do your part. Forward today’s Tip Sheet to friends and colleagues who can  click here to subscribe . Happy holidays everyone! We will put out a special Tip Sheet on the Central Economic Work Conference tomorrow. And then we are out until January 7. See you in the new year!  THE TIP SHEET DRIVING THE DAY 1. Economic Work Conference to approve tax cuts The annual Central Economic Work