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Showing posts from November 11, 2020

Balochistan, Punjab legislators declare multimillion assets

KALBE ALI  |  IFTIKHAR A. KHAN • Alyani owns Rs728.41m assets including foreign properties • Buzdar owns properties in Multan, Taunsa Sharif and DG Khan • Punjab food minister’s family keeps assets in UK, UAE ISLAMABAD: Key leaders of Balochistan, including its incumbent and former chief ministers, are not only multi-millionaires but also own foreign properties, it emerged on Wednesday. Balochistan Chief Minister Jam Kamal Khan Alyani owns assets valuing more than Rs728.41 million and has residential properties abroad, according to the details of his assets he provided to the Election Commission of Pakistan (ECP). The ECP data reveals that CM Alyani owns 15 vehicles of around Rs48.10m. He has shown the worth of his business at Rs19.40m while he owns 40 acres of agricultural land. His spouse owns jewellery worth Rs12m. Also, former chief minister and member of the Balochistan Assembly Nawab Aslam Raisani owns Rs212.20m assets. He has a flat worth Rs17.35m in Malta, agricultural land val

Imran Khan struggles to get CPEC projects on track

Imran Khan Photograph:( Reuters ) Nov 11, 2020, 09.28 PM (IST) China is failing in Pakistan. Most investors think twice before funding projects in Pakistan. Corruption, terrorism, violence and security concerns make it a deadly destination. But China kept pumping money to lay its debt trap. Now the strategy may be backfiring. China's projects in Pakistan have been stalled. Thanks to rampant corruption and violent attacks. Imran Khan is now facing heat from the opposition. Because his own officials are in the dock. Imran Khan wants to be known as a crusader against corruption. Whether it was the sharifs or the Bhutto-Zardaris. Khan has been relentless in his crackdown. But he has been selective in his clampdown. Imran khan hasn't gone after the corrupt officials in his own team with the same enthusiasm. It began with Lieutenant General Asim Saleem Bajwa. The pizza general, who still remains the chairman of the China-Pakistan Economic Corridor (CPEC). Fresh reports now indicate t

CPEC is a transformational project: PM Imran

New Chinese envoy calls on premier, NA speaker Our Correspondent  |  November 11, 2020     Prime Minister Imran Khan congratulated new Chinese Ambassador to Pakistan Nong Rong on his appointment and extended best wishes for a fruitful term. PHOTO: FILE ISLAMABAD: Prime Minister Imran Khan has reiterated the country’s commitment to timely completion of the China-Pakistan Economic Corridor projects, citing the multi-billion dollar project as a transformational project. The premier stated this during a meeting with new Chinese Ambassador to Pakistan Nong Rong, who called on him on Wednesday. The PM congratulated the envoy on his appointment and extended his best wishes for a fruitful term. During the meeting, mutual support on issues of core national interest for Pakistan and China was also reaffirmed. PM affirmed the time-tested Pakistan-China “all-weather strategic cooperative partnership” and underlined the importance of special economic zones, relocation of industry, and enhanced prod

Pakistan committed to timely completion of CPEC projects: PM

Maqbool Malik November 12, 2020 ISLAMABAD - Newly appointed Chinese Ambassador to Pakistan Nong Rong on Wednesday assured Prime Minister Imran Khan of Beijing’s allout support for speedy completion of projects under the China-Pakistan Economic Corridor (CPEC) as well as industrialisation in Pakistan. According to a press statement issued by the PM media office, the Chinese envoy held out this assurance during his meeting with the Prime Minister here. It said that the Chinese Ambassador assured that China will fully support speedy completion of CPEC projects as well as industrialization in Pakistan. Talking to the Chinese ambassador, the prime minister affirmed the time-tested Pakistan-China “all-weather strategic cooperative partnership”, and termed the CPEC a transformational project while reiterating Pakistan’s strong commitment to timely completion of all CPEC projects. Spain plans to extend Military Agreement with US The Prime Minister underlined the importance of Special Economic

The military millionaires who control Pakistan Inc

Magazine: 19 January 2008 Elliot Wilson Elliot Wilson says Pakistan’s economy is dominated by a ruthless business conglomerate that owns everything from factories and bakeries to farmland and golf courses:  the army 16 January 2008, 12:00am From magazine:  19 January 2008 Text Comments Elliot Wilson says Pakistan’s economy is dominated by a ruthless business conglomerate that owns everything from factories and bakeries to farmland and golf courses: the army Sometime in late 2004, Pakistan's all-powerful army made a curious decision. Under mounting pressure from London and Washington to capture Osama bin Laden, believed to be hiding in Baluchistan, Islamabad's fighting forces instead turned their attention to a far more profitable venture: building golf courses. In itself this wasn’t particularly unusual. With 620,000 soldiers, Pakistan boasts the world’s seventh-largest standing army, but its senior officers long ago realised the perks to be gained from commercial ven

Pakistan, China successfully complete 'friendship forest' in desert of Gwadar

22 hours ago Associated Press of Pakistan       ISLAMABAD/BEIJING – During the COVID-19 pandemic lockdown, the Chinese port operator at Pakistan's southwest Port of Gwadar focused its attention on forest-planting, and has now successfully completed a friendship forest in a city situated in a desert climate, gifting the city its first ever green park. At the foot of the area's Koh-e-Batil Hill, the forest spreads across 60 mu (4 hectares) of land provided by the Pakistani government for free. The construction of the park was supported by the local community and the Pakistani Navy, which promptly relocated its camps and buildings in just two weeks to evacuate the land needed for forest planting, according to an article published by Global Times. Located in Pakistan's southwest province of Balochistan, Gwadar Port is a key project of the China-Pakistan Economic Corridor (CPEC), a flagship project of the China-proposed Belt and Road Initiative (BRI). Since its operation, the po

CPEC Central Asia Business Conference to be held in Gwadar from Nov 16

Wed, 11 Nov 2020, 4:44 PM ISLAMABAD, Nov 11 (APP): The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to hold a three-day business conference titled “China Pakistan Economic Corridor (CPEC) Central Asia” in Gwadar from November 16 to 18. The conference would be attended by Chief Minister, Governor Balochistan, ministers, high government officials, foreign diplomats, and trade and industrial personalities. According to a RCCI official, the conference was aimed at deliberating progress on CPEC, promoting investment in Gwadar port city, boosting trade and exploring new trade opportunities with the Central Asian states under the umbrella of CPEC. He said that the CPEC was going to be prove as a game changer for Pakistan as well as the whole region and this would also determine ways and means to enhance cooperation with the Central Asian States. He also called upon the business community of across the country to play role in making this conference a success. Meanwhile he inform

Balochistan to raise water accord issue

According to the public relations department press release, the meeting reviewed matters related to the CCI meeting Our Correspondent  |  November 11, 2020     QUETTA: Balochistan Chief Minister Jam Kamal has assured to take up the problems of the province in the upcoming Council of Common Interests meeting in Islamabad. This was decided during a high level meeting chaired by the provincial chief executive in Quetta on Tuesday. According to the public relations department press release, the meeting reviewed matters related to the CCI meeting. “Interests of the Balochistan province will surely be presented in an effective way to the CCI,” Jam Kamal informed the meeting. During the meeting, it was decided that Balochistan will raise the issue of 1991 IRSA water accord, issues of health and population control, import of LNG and National Commission for Human Development (NCHD ). The meeting also approved to raise the provincial government stance regarding the policy of energy acquisition t

No CPEC Authority Chairman at present, NA panel told

KHALEEQ KIANI ISLAMABAD: The government on Tuesday told a parliamentary panel that there was no chairman of the China-Pakistan Economic Corridor (CPEC) Authority at present as members of the National Assembly had challenged the legal status of the defunct agency and the functioning of its top management. After interesting discussions and a brief break to allow senior officials of the Ministry of Planning and Development to seek clarifications, the National Assembly’s Standing Committee on Planning, Development and Special Initiatives deferred “The China Pakistan Economic Corridor Authority (Amendment) Bill, 2020” to its next meeting. As discussion started on the bill during a meeting of the standing committee, MNA Syed Agha Rafiullah inquired as to who was chairman of the CPEC Authority. “No one,” responded Planning and Development Secretary Mathar Niaz Rana. “Then under what law the incumbent is working,” the lawmaker asked. The secretary said he was just coordinating as the CPEC Ordi

Modi hits out at China, Pakistan over CPEC; stresses respect for territorial sovereignty

New Delhi has opposed the CPEC because it is set to pass through areas of Jammu and Kashmir             Anirban Bhaumik,  DHNS,  New Delhi, NOV 10 2020, 23:18 IST   UPDATED: NOV 10 2020, 23:18 IST Narendra Modi file photo. Credit: PTI photo Prime Minister Narendra Modi on Tuesday tacitly hit out at Beijing and Islamabad over the controversial China-Pakistan Economic Corridor (CPEC) that is set to pass through areas that New Delhi claimed were part of India's territory that its western neighbour had illegally occupied. Modi, who addressed the virtual summit of the Shanghai Cooperation Organisation (SCO), stressed the need to respect the sovereignty of nations while pursuing connectivity initiatives in the region. Chinese President Xi Jinping and Pakistan Prime Minister Imran Khan attended the summit, which was held through video-links. “It is necessary to respect each other's sovereignty and territorial integrity to further deepen cooperation (among the SCO nations) for regional