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Showing posts from June 20, 2021

China must consider environment effect, economic fragility for BRI projects: Study

China's President Xi Jinping raises his glass and proposes a toast at the end of his speech during the welcome banquet for leaders attending the Belt and Road Forum at the Great Hall of the People in Beijing 2 min read   .   10:49 PM IST ANI Highlighting environmental concerns, a new study in China argues that the majority of Belt and Road Initiative (BRI) investment should go to countries in southern and southeast Asia due to fewer risks that threaten economic development. Professor Fang Chuanglin, a senior adviser to the Chinese government with a multidisciplinary research institute in Beijing asserted that some countries like Iran and Afghanistan were poor and in desperate need of economic development, however, their fragile environment could collapse in rapid growth, The Star reported. According to the study led by Prof Fang, there were also many underdeveloped countries along the sea route through the South China Sea and the Indian Ocean, however, their environmental footprint

BELT AND ROAD: A CAUTIONARY TALE

HASAN H. KARRAR With The Emperor’s New Road: China and the Project of the Century, Jonathan E. Hillman has offered an accessible, timely volume that deserves wide readership — including in Pakistan, where the current wave of Chinese investment is welcomed as a panacea for what is popularly believed as Pakistan having been unable to realise its development potential. Offering a ground-level view of China’s Belt and Road Initiative, The Emperor’s New Road has Hillman, a senior fellow at the Washington-based think tank Centre for Strategic and International Studies, moving between Central and South Asia — including a chapter on Pakistan and the China Pakistan Economic Corridor (CPEC) — to the Horn of Africa and to Europe in order to understand how Chinese investments overseas are leading to new opportunities and, potentially, pitfalls too. Given the extensive media coverage that China’s Belt and Road Initiative, or BRI, has received, it need only be dealt with briefly here. The BRI is bes

‘No area of Balochistan to be ignored’

Finance Minister Buledi says govt allocates Rs189b in provincial PSDP Mohammad Zafar  |  June 20, 2021     QUETTA: Balochistan  Minister for Finance Mir Zahoor Ahmed Buledi has said the provincial government has allocated Rs189 billion for the Public Sector Development Programme (PSDP) and all areas of the province would get development schemes and no area would be ignored. “The current PSDP could not be fully utilized due to the opposition parties who approached the court of law including high and apex courts which ordered the government to stop implementation on some portion of the PSDP,” Buledi said at a post-budget press conference on Saturday. Provincial ministers – Mir Arif Jan Muhammad Hasni, Abdul Khaliq Hazara; adviser Mobeen Khilji, Additional Secretary Planning Abdul Basit, Secretary Finance Pasand Khan Buledi, Special Secretary for Finance Lal Jan Jaffar and provincial government’s spokesperson Liaquat Shahwani were also present. He said through financial management and inc

Pak-Iran goods train service restored after freight train derailment in Balochistan

No one was injured in the accident caused due to an unbalanced track which needed repairs Updated At:   Jun 20, 2021 05:46 PM   Photo for representation. Islamabad, June 20 The goods train service between Pakistan and Iran was restored on Sunday, a day after a freight train derailed in Pakistan’s southwestern province of Balochistan. At least six bogies of the train, which was on its way to Quetta from Zahedan city of Iran, derailed on Saturday near Dalbandin in the Chagai district, railway officials said. No one was injured in the accident caused due to an unbalanced track which needed repairs. Experts’ teams were dispatched from Quetta after the incident to restore the service. Earlier, Federation of Pakistan Chambers of Commerce and Industries Central Standing Committee on Railways convener, Zia-ul-Haq Sarhadi, had asked the government to take practical steps for the restoration of goods trains with Iran and Turkey. PTI