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Showing posts from October 8, 2021

NLC sets up office at Gwadar to facilitate business community

Islamabad   October 09, 2021 Rawalpindi : To extend quality logistics services to the business community and ensure ease of doing business, National Logistics Cell on Thursday opened a dedicated office at Gwadar Port, says a... Share Next Story >>> Rawalpindi : To extend quality logistics services to the business community and ensure ease of doing business, National Logistics Cell (NLC) on Thursday opened a dedicated office at Gwadar Port, says a press release. Naseer Ahmed Kashani, chairman, Gwadar Port Authority (GPA) inaugurated NLC Logistics Facilitation Centre, in a ceremony held at Business Complex Gwadar Port. NLC Facilitaion office, would facilitate customers for guiding & providing all logistics solutions by land air and sea. Senior government officials and prominent members of the business community attended the ceremony. This initiative by NLC, the first of its kind by any logistics organization, will help address the problems currently being faced by traders in

Al Qaeda Could Throw a Wrench in China's Plans for Afghanistan

Al Qaeda Could Throw a Wrench in China's Plans for Afghanistan October 8, 2021    Where once the United States was perceived as the “ far enemy ” by Al Qaeda operatives, China can expect trouble with Al Qaeda and the so-called  Islamic State Khorasan  (ISIS-K) as it  seeks  to invest in the post-war torn Afghanistan. by  Saba Sattar Where once the United States was perceived as the “ far enemy ” by Al Qaeda operatives, China can expect trouble with Al Qaeda and the so-called  Islamic State Khorasan  (ISIS-K) as it  seeks  to invest in the post-war torn Afghanistan. Beijing has already  dispatched  $31 million in emergency aid, including essential food items and coronavirus vaccines. Taliban spokesman Zabiullah Mujahid also  stated  the new regime’s “desire” to join the  China-Pakistan Economic Corridor (CPEC) , Beijing’s flagship $62 billion endeavor, that serves a larger part of the trillion-dollar Belt and Road Initiative (BRI). Launched in 2013 as one of the critical ways of rea

Gwadar Eastbay Expressway completion likely by October end

SLAMABAD: Gwadar Eastbay Expressway the most important mega connectivity and road infrastructure project worth $168 million is likely to be completed this month. The completion of the Gwadar Eastbay Expressway being constructed under China Pakistan Economic Corridor (CPEC) would trigger a major jump in the development of the Coastal City, a senior official of Gwadar Development Authority told APP on the mega project status. He said the project was envisaged under the Early Harvest Scheme during the first phase of CPEC. The project was part of a wider $1.1 billion development package for the city and Port of Gwadar. While elaborating the project details, the official informed that Gwadar Eastbay Expressway was a six-lane urban motorway. “The road will connect Gwadar Port with Gwadar Free Trade Zone and Makran Coastal Highway. Currently, more than 92 percent of construction work has been completed,” he added. Expressway, he said, would improve the trading potential of Gwadar Port whereas

Belt and Road Meets Build Back Better

DEEP DIVE Can the West’s newfangled development programs compete with China’s? By  Keith Johnson , a senior staff writer at  Foreign Policy . Chinese President Xi Jinping leaves the stage after speaking during the opening ceremony of the Belt and Road Forum in Beijing on May 14, 2017.  MARK SCHIEFELBEIN/POOL/GETTY IMAGES OCTOBER 4, 2021, 12:46 PM Last week marked senior Biden administration officials’  first visits  to developing countries to scout potential investments in infrastructure projects. Under the rubric of “Build Back Better World,” it was the opening salvo in a battle to counteract China’s trillion-dollar Belt and Road Initiative. The U.S. junket comes just a couple of weeks after the European Union formally unveiled, in embryonic form, its own answer to Beijing’s development challenge. European Commission President Ursula von der Leyen presented the new “Global Gateway” initiative in mid-September, which promises amped-up European investment in building the sort of develop

Chinese firm concerned over delay in launch of CPEC solar project

 - Pakistan - DAWN.COM - Updated 08 Oct, 2021 09:39am Chinese firm concerned over delay in launch of CPEC solar project KHALID HASNAIN Welcome LAHORE: A Chinese state company has expressed concerns over the inordinate delay in the launch and completion of the remaining 600-megawatt portion of the 900MW mega solar power project under the China-Pakistan Economic Corridor (CPEC) due to various issues allegedly on the part of the National Electric Power Regulatory Authority (Nepra) and the National Transmission and Despatch Company (NTDC). The firm, in its various communications to the CPEC Authority, Punjab government, Ministry of Energy (power division) and other authorities concerned, has sought immediate resolution of all issues enabling it to launch and complete the remaining part of the Quaid-i-Azam Solar Park in Bahawalpur, Dawn has learnt. “For the last couple of years, the Chinese company, which completed and commissioned 300MW of the 900MW project in 2016-17, has not worked furth

CPEC to improve cotton output | The Express Tribune -

CPEC to improve cotton output Govt announced Rs5,000 per 40 kg cotton support price, cotton growers getting better cotton prices APP | October 08, 2021    MULTAN: The standard of research will improve through the China-Pakistan Economic Corridor (CPEC) leading to increase in cotton production, said Federal Minister for National Food Security and Research Syed Fakhar Imam. Addressing a virtual ceremony on Thursday, he said that cotton, also known as white gold, contributed a mammoth share to the country’s economy, but unfortunately, its production had fallen gradually in the past few years. The minister informed the participants that only 4.5 million cotton bales were produced last year, the lowest in the history of Pakistan. Read Cotton price hits record high He said that the recent steps taken by the government would help achieve the target of 8.46 million cotton bales citing that production of 3.8 million bales was recorded last month. The minister said that the government had announ

Pakistan shared all CPEC loans details with IMF: Umar

Mehtab Haider October 07, 2021 ISLAMABAD: Pakistan had shared all the details of loans under China-Pakistan Economic Corridor with the International Monetary Fund before entering its $6 billion Extended Fund Facility , a... S ISLAMABAD: Pakistan had shared all the details of loans under China-Pakistan Economic Corridor (CPEC) with the International Monetary Fund (IMF) before entering its $6 billion Extended Fund Facility (EFF), a minister said on Wednesday. “There are no secret or expensive loans obtained through CPEC as Chinese debts are cheaper than other countries,” said Asad Umar, Federal Minister for Planning, Development & Special Initiatives addressing a news conference at P-Block. “It is a wrong perception that foreign loans increased because of Chinese loans. We shared CPEC details with the IMF officials and they raised no further questions.” A US think-tank in one of its recent reports claimed the CPEC loans were borrowed at excessive interest rates, which contributed to