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Showing posts from May 11, 2019

China says 'fed up' with hearing U.S. complaints on Belt and Road

BEIJING (Reuters) - China is “fed up” with hearing complaints from the United States about its Belt and Road program to re-create the old Silk Road, the government said on Thursday, following stinging criticism from U.S. Secretary of State Mike Pompeo. FILE PHOTO: A Belt and Road Forum (BRF) logo is seen outside the China National Convention Center in Beijing, China, April 25, 2019. REUTERS/Jason Lee The initiative, a key thrust of President Xi Jinping’s administration, has hit opposition in some countries over fears its opaque financing could lead to unsustainable debt and that it aims more to promote Chinese influence than development. China sought to tackle those concerns at a summit in Beijing last month, promising to make the program sustainable and green and follow international standards, especially regarding debt. The United States has been particularly critical, and Pompeo, speaking in London on Wednesday, slammed China for peddling “corrupt infrastructure deals in exchan

Nepra ikely to issue tariff determination for 300MW plant at Gwadar by May-end

Government is committed to accelerate implementation of CPEC projects and set timelines for authorities concerned for resolving all pending issues related to the projects Fawad Yousafzai May 11, 2019 ISLAMABAD   -   National Electric Power Regulatory Authority (NEPRA) is likely to issue tariff determination for the 300 MW coal power plant at Gwadar by the end of May. Progress on 300 MW coal based power plant at Gwadar was discussed here during CPEC project review meeting. The meeting was chaired by Federal Minister for Planning, READ MORE:  Ivanka Trump in hot water as she posts photo of US National Security Strategy Development and Reforms Makhdum Khusro Bakhtyar and was attended by Chinese ambassador Yao Jing and senior officials from both sides were also present in the meeting. During the meeting, projects of Orange Line, Eastbay Expressway, 300 MW coal based power plant at Gawadr and Kohala Hydropower were deliberated upon. The construction of Eastbay Expressway was also

Balochistan: 5-star hotel stormed by armed assailants in Gwadar

 May 11, 2019 From News desk of *(The Balochistan Post)* Brought to you by *(Current Balochistan)* A five star hotel in Gwadar port city has been stormed and occupied by armed militants. According to the sources, at least four assailants attacked and subsequently occupied the 5-star hotel in Gwadar, Balochistan. Gwadar hosts the integral port for China’s flagship corridor called China Pakistan Economic Corridor (CPEC), which is part of its One Belt One Road initiative. According to local administration, security forces have cordoned off the hotel and heavy fighting continues in the area. The Information Ministry in Balochistan has confirmed that few guests have sustained injuries so far, however, further details regarding the casualties are still unconfirmed. Baloch Militants Organization Balochistan Liberation Army Spokesman Jeeyand Baloch took responsibility of this attacked. He added, The attack is being carried out by our freedom fighters of Majeed Brigade. "Our figh