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Showing posts from April 8, 2021

China’s Belt and Road Initiative Should Be on the World Bank and IMF’s Agenda

The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S. on April 8, 2019.  REUTERS/Yuri Gripas The Spring Meetings should address BRI’s pitfalls and advance policies to help put BRI countries on the path toward recovery and sustainable growth. Blog Post  by  David Sacks  and  Max Yoeli April 7, 2021 9:49 am (EST)         The following is a guest post by  David Sacks , a research fellow at the Council on Foreign Relations, and Max Yoeli, a New York-based attorney who is a policy advisor and speechwriter to former Secretary of the Treasury Jacob J. Lew. Jennifer Hillman  and  David Sacks  are codirectors of the CFR-sponsored Independent Task Force on a U.S. Response to China’s Belt and Road Initiative, which is co-chaired by Jacob J. Lew and Gary Roughead. The Spring Meetings of the World Bank Group and International Monetary Fund (IMF) convene virtually this week against the backdrop of a historic health crisis

‘Great to be back in Balochistan’: Top US diplomat in Pakistan visits CPEC hub Gwadar

US Chargé d’affaires Angela Aggeler said the visit serves as the latest example of US-Pakistan cooperation on shared interests. SNEHESH ALEX PHILIP 8 April, 2021 Buildings stand under construction at a development site, operated by China Overseas Ports Holding Co in Gwadar,Pakistan | Asim Hafeez | Bloomberg New Delhi:  The officiating US Ambassador in Pakistan Thursday visited Gwadar, a key port area in the multi-billion dollar China-Pakistan Economic Corridor (CPEC), in  the first such visit  to the port by a US official in 15 years. US Chargé d’affaires Angela Aggeler said the visit serves as the latest example of US-Pakistan cooperation on shared interests. “I would like to thank my Pakistani hosts and counterparts for hosting me at #Gwadar today. It is great to be back in Balochistan,” Aggeler said in a statement tweeted by the US Embassy Islamabad. 1/3 “I would like to thank my Pakistani hosts and counterparts for hosting me at  #Gwadar  today. It is great to be back in Balochista

Gwadar Free Zone becomes operational

*Pakistan Customs cleared the first import-cum-export consignment* Irshad Ansari | April 08, 2021    gwadar port photo afp Gwadar Port. PHOTO: AFP ISLAMABAD: The Pakistan Customs cleared the first import-cum-export consignment for Gwadar Free Zone, consisting of metal scrap, the Federal Board of Revenue (FBR) announced in a statement issued here on Wednesday. The consignment by the HK Sun Corporation limited would be further processed in the Gwadar Free Zone, established under China-Pakistan Economic Corridor (CPEC) and later on items would be exported from Pakistan, the statement said. The consignment was processed and cleared by the Model Customs Collectorate, (A&F) West, Karachi and the goods reached the Gwadar Free Zone, regulated by the Model Customs Collectorate Gwadar. The HK Sun Corporation is the first enterprise which has started manufacturing and processing activity in the free zone. More shipments of raw material of the same company are under way to Pakistan which will

Alyani asks workers in Balochistan to end sit-in, hold negotiations

Updated   08 Apr, 2021   08:15am SALEEM SHAHID QUETTA: Balochistan Chief Minister Jam Kamal Khan Alyani has asked striking government employees to call off their sit-in and hold talks with the parliamentary committee formed by him to find out a solution to the problem. Talking to reporters on Wednesday, he said the employees posted in Quetta were enjoying a good package and facilities which were not available in other areas of the province. Mr Alyani said the employees living in Quetta and working in Civil Secretariat should not make such demands. The government had not refused to consider the employees’ demands but promised to set up a committee to find out the solution to their problems, he added. The chief minister said the government employees had converted their sit-in into a political show and all political parties were using their platform for making provoking speeches. He said if the employees, instead of turning their protest into a political show, tried to resolve the matter

Chinese envoy sees steady progress on CPEC projects

THE NEWSPAPER'S STAFF REPORTER Welcome KARACHI: Chinese Am­­bassador Nong Rong has said that during the first six months since his posting to Islamabad he got convinced that there is a national consensus in Pakistan on the need to complete all CPEC-related development projects in time. Interacting with journalists here, Ambassador Nong said that since his arrival in Pakistan in October, he has held several meetings with Prime Minister Imran Khan and the army chief and regularly exchanged views with political and business leaders. The diplomat said the impression he got during these meetings was that they not only fully supported CPEC, they were very keen on having greater cooperation to ensure timely completion of all the projects. Expressing satisfaction over “steady progress” on most CPEC projects and related activities like the creation of Rashakai Economic Zone and Gwadar Free Zone, Mr Nong said these developments were likely to attract Chinese investors. He disclosed that unde