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Showing posts from March 25, 2019

A regional counter narrative

Moeed Yusuf  |  Fei Deng Updated March 26, 2019 LAST month, Finance Minister Asad Umar advocated that Pakistan needs to enhance exchange with [its] eastern and western neighbours. He was spot on. And even though recent tensions between India and Pakistan have made any conversation on regional connectivity challenging, the compulsion of moving in this general direction remains unaffected. Much is said about Pakistan’s pivotal geostrategic location that lies at the intersection of energy-rich Central Asia, two of the world’s largest economies — China and India — and the Indian Ocean. But Pakistan has foregone the benefits of this location, lack of strong internal reforms geared towards regional connectivity and a neighbourhood infested with conflict have hurt Pakistan tremendously through the years. The result is that Pakistan is falling behind its peers in the economic realm at a rapid pace, and its social indicators are among the worst in the world. The acuteness of the problem is

Looking East: The Evolution of Pakistan-Malaysia Economic Ties

Malaysia and Pakistan push their bilateral ties forward. By Hannan R. Hussain March 25, 2019 When Pakistan’s Prime Minister Imran Khan last met Malaysian Prime Minister Mahathir Mohamad, ample praise for each other’s election victories took center stage. A rich history of close cooperation – including Pakistan’s contribution to drafting Malaysia’s constitution – fueled prospects of a wide-ranging strategic economic partnership. But what constituted these “strategic interests” at the time remained unclear. Last week, that changed. The two premiers  inked  five memoranda of understanding in the areas of telecommunication, information technology, and power generation, while also bolstering cooperation across agriculture, banking, and energy sectors. Malaysia redoubled its interest in  acquiring  JF-17 Thunder jets from Pakistan. Razak Dawood, Khan’s Advisor on Commerce, estimated the signed deals at $900 million. Enjoying this article?  Click here to subscribe for full access. Just

China supports Pak economic revival thru projects like CPEC: Envoy Pakistan provides ideal investment opportunities to Chinese businessmen, companies

 March 26, 2019 Zubair Qureshi Islamabad Ambassador of China Yao Jing on Monday reiterated China’s commitment in Pakistan’s bright future saying Prime Minister Imran Khan’s vision of ‘Naya Pakistan’ aims at making the country a stronger economy in future and China supports Pakistan in its economic revival through projects like China Pakistan Economic Corridor (CPEC). He said this while addressing the Pakistan- China Trade & Investment Forum here on Monday. Chairman of Council for Promotion South-South Cooperation (CPSSC) of China Lv Xinhua who is leading a delegation representing 28 Chinese business enterprises and a total of 40 entities was the chief guest on the occasion. He is in Pakistan to assess and interact with the local business companies, officials of the BoI and Ministry of commerce & trade etc. Chairman Board of Investment (BoI) Haroon Sharif presided over the forum. In his welcome address FPCCI senior vice president said FPCCI is the apex body of entire tra

Chinese business companies seek better investment environment CPEC to help both countries discover new avenues of bilateral cooperation, says Chairman CPSSC Lv Xinuha

 March 26, 2019 Zubair Qureshi China Pakistan Economic Corridor (CPEC) offers immense trade and business opportunities to the enterprises and business entities of both countries and through this mega project more incentives and initiatives will keep flowing for the good of the entire region. This was said by Chairman of Council for Promoting South-South Cooperation (CPSSC), a non-government organization (NGO) of China entrusted to promote overseas trade and investment opportunities Mr Lv Xinhua during an interview with media persons here Monday. Mr Xinuha who is currently visiting Pakistan leading a delegation of 28 business enterprises and a total of 40 entities briefed the media persons at his hotel room about the purpose of his two-and-a-half day stay in Pakistan saying it is to better investment environment between the two countries and hold meetings with officials and businesses for the ease of doing business for Chinese companies. During this period, Chinese business compa

Groundbreaking of new airport at Gwadar likely this week

Fawad Maqsood March 25, 2019 ISLAMABAD: The ground breaking of new airport in Gwadar city is likely to be performed this week. The airport would be built at a cost of US$230 million, an official from China Pakistan Economic Corridor (CPEC) Secretariat Monday said. He said works of project design and feasibility of the new international airport has already been completed while the Civil Aviation Authority has already identified the 3,000 acres of land that is located around 26 kilometer northeast of the existing airport. The new airport would posses the international status which will be run under open sky policy, he said adding during the development process of the new airport, the existing airport’s capacity would also be enhanced by making it capable of transporting big aerolanes. He said with the establishment of new international airport, the Gwadar city would become hub of aviation industry and it would also help elevating the CPEC framework. The official informed that the ai

France's anti-terrorism task force to review Pakistan's progress on global standards against financial crimes

PTI | Islamabad, Monday, March 25, 2019 | 15:43 IST In June last year, the Financial Action Task Force (FATF) had placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing A group of experts from the Financial Action Task Force will review whether Pakistan has made enough progress on global standards against financial crimes to warrant its exclusion from the watchdog's grey list. The Paris-based global body is working to curb terrorism financing and money laundering and has asked Pakistan to reassess the operation of banned terrorist outfits in the country. Pakistan is under intense international pressure to rein in terror groups like the Jaish-e-Mohammed (JeM) after the Pulwama terror attack. In June last year, the Financial Action Task Force (FATF) had placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money launderin

Human rights violations in Balochistan are continue with extremity BHRO

*(Current Balochistan)* Baloch Human Rights Organization spokesperson in a statement said that human rights violations in Balochistan are continue with extremity. Security forces have blocked the entry and exits of Tump, district Kech and have initiated military operation. Due to communication blockade imposed by forces, the actual damages are yet to be confirmed. Spokesperson of BHRO said “Moreover a large number of forces have sieged Kohistan Marri and are conducting aerial and land operation in Kohistan Marri. The military operations resulted into beleaguerment of the residents. They said On March 22, security forces, during a military operation in Gajjali Mashkay, raided house of Gul Sher Rahmat and forcefully disappeared his wife Noori, sister Jan Bibi and his two grandchildren. The forces also looted all the valuables of the house and livestock. BHRO stated “Victimizing and enforced disappearance of women and children during military operations have been intensified in recen