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Showing posts from January 14, 2021

What the West gets wrong about China's Belt and Road Initiative

Obsession with lending levels misses BRI's long-term outlook Lauren Johnston January 15, 2021 05:00 JST Chinese counterpart Xi Jinping, pictured in Astana in September 2013: he addressed more than just infrastructure development.   © Reuters Dr. Lauren A. Johnston is research associate, China Institute, SOAS, University of London. She is founder and managing director of New South Economics. In the years following Sierra Leone's 10-year civil war which ended in 2002, while working as an economist in the Ministry of Development and Economic Planning, I was asked to help make sense of the myriad international aid spending on reconstruction. That my effort of some 15 years ago was futile in practice regarding a number donors, including Saudi Arabia and China, has often reminded me of today's bigger struggle by much better-resourced agencies to aggregate China's global official lending activity. When it comes to trying to understand China's international agenda -- and th

Mach episode exposes confused security mechanism of Balochistan

National Amjad Bashir Siddiqi January 15, 2021 KARACHI: Mach tragedy goes to underline the fact that Balochistan continues to reel from relentless terrorism due to systemic adhocism and security oversight, severely restricting the police from... Share Next Story >>> KARACHI: Mach tragedy goes to underline the fact that Balochistan continues to reel from relentless terrorism due to systemic adhocism and security oversight, severely restricting the police from functioning and allowing the tribal-bureaucratic system’s appendage the Levies to look after the larger security. Hazaras have been targeted by sectarian outfits since SSP, Lashkar-e-Jhangvi, Lashkar-e-Jhangvi Al Alami, TTP and now all their singular, disparate elements have metamorphosed into ISIS/Daesh, which is still officially considered to be operating largely from Afghanistan though sleeper elements exist. While security forces and other ethnic groups like Punjabi settlers or labourers are targeted by Baloch sub nati

China Pakistan Economic Corridor: Where CPEC Stands Now?

CPEC planned seven major road and rail projects out of which only a smaller stretch of Multan-Sukkur road could be completed. By  Amit Bansal  | Published:Thu, January 14, 2021 7:42pm     Today after spending more than its original budgeted cost, CPEC is struggling to complete even 25% of the planned projects. Chinese leaders and lenders were very wise. They first completed the projects where flow of money was guaranteed and their return of Investment (ROI) was assured. Wherever ROI was slow, projects could not even start while their cost is being escalated with each passing day. Let us analyse them one by one.  Also Read - Trump Admin Blacklists Xiaomi, 8 Other Firms With Chinese Military Ties 1. Power Projects-  Since Power projects were to deliver money at the earliest, Chinese companies moved fast. Total 23 power projects were planned which were all Coal Fired. Out of these 23, 16 have already been completed and running. In these 16 completed Power Projects, Chinese Banks have inve

Coordination among depts stressed on CPEC projects

THE NEWSPAPER'S STAFF REPORTER ISLAMABAD: A parliamentary body on Thursday emphasised the need for establishing strong coordination among federal, provincial and regional departments to bring them on board about development activities taking place under the socioeconomic development projects of China-Pakistan Economic Corridor (CPEC). The first in-camera meeting of the Subcommittee of Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) stated that it was vital people of less-developed areas fully owned the projects. Held at the Parliament House, the committee met to scrutinise the socioeconomic development projects under a $1 billion grant by the Chinese government to launch pilot projects in the selective districts of the country to reduce poverty. Members of the committee remarked that the socioeconomic development projects under the $1 billion grant were envisaged to alter the socioeconomic landscape of the country. These projects would also eliminate the prevaili