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Economy

Chinese Investors show keen interests in Balochistan

QUETTA: Caretaker Chief Minister Alla ud Din Marri and Chinese Counsel General Wang Shung have attended a conference held on Wednesday regarding CPEC and Chinese Investment in Balochistan. Additional Chief Secretary Planning and Development, Managing Director Balochistan Board of Investment and Trade and IG Police Balochistan have briefed Interim CM and Chinese …

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How Gwadar’s CPEC development might leave its people behind

Mishele Ijaz Gwadar enjoys a strategic location on the Arabian Sea in Balochistan, accessible to South Asia, West Asia and Central Asia. In 1958, it was bought by Pakistan from Oman and since 1993 has gone through various processes to extract the potential of this port. Due to inadequate funding, …

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NAB seeks report on industrial land allotment in Gwadar

ISLAMABAD: Chairman, National Accountability Bureau (NAB), Justice (Retd) Javed Iqbal on Tuesday sought report of alleged illegal allotment of commercial and industrial land allotted in Gwadar Industrial Estate Development Authority (GIEDA), Balochistan. Taking notice of notice of the alleged complaint, the chairman director general NAB, Balochistan ordered an inquiry into an …

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Balochistan Government faces severe financial crisis in history

QUETTA: The Provincial Government has been plunged into a severe financial crisis as the provincial departments are unable to release salaries and pensions after having empty treasury. Bank Accounts of all provincial departments had been freezed by the provincial government and funds for development projects are said to be halted …

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Will Gwadar go Hambantota way?

Khurram Hussain A large number of people have once again begun asking whether Pakistan is walking in the footsteps of Sri Lanka in its growing engagement with China. The new talk has been sparked by a long article in the New York Times that, for the first time, provides details …

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Governor Balochistan stresses upon connectivity aimed Gawadar and Chahbahar Ports

QUETTA: Governor Balochistan Muhammad Khan Achakzai on Wednesday said, connectivity between Gawadar and Chahbahar ports could strengthen Pak-Iran’s prolonged brotherly relations. “Both Islamic countries have similar traditions and culture which magnetic Pak-Iran relations, while both countries have been utilizing their utmost efforts for restoring peace in the region.” Governor Muhammad …

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گوادر اور چاہ بہار میں رابطے سے پاک ایران تعلقات مضبوط ہوں گے، ممنون حسین

بیجنگ:صدر ممنون حسین نے کہا ہے کہ گوادر اور چاہ بہار بندرگاہوں میں رابطے سے پاک ایران تعلقات مضبوط ہوں گے۔ صدر ممنون حسین اور ایرانی صدر حسن روحانی کے درمیان چین میں ملاقات ہوئی۔ چین کے شہر چنگ ڈاؤ میں شنگھائی تعاون تنظیم کا اجلاس جاری ہے۔ اس موقع …

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Interim operations in Chabahar port in Iran to start by next week

India is all set to begin interim operations in the strategically important Chabahar port project next week. Union Minister of State for Shipping, Mansukh Mandaviya informed in a tweet message. India has selected an Iranian company, Kaveh Port and Marine Services, for running the operations for 18 months till it …

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Iran reopens trade gate in Taftan

CHAGAI:  Local level trade activities formally resumed today after Iranian authorities reopened mutual trade gate Zero Point in Taftan area of Chagai district. The Zero Point gate had been closed for over five months due to unknown reasons by Iranian side. Thousands of laborers and hundreds of businessman became unemployed and …

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Federal cabinet gives green signal to special economic zone in Gwadar Listen

ISLAMABAD: The cabinet under Chairmanship of Prime Minister Shahid Khaqan Abbasi has approved establishment of federal Special Economic Zone (SEZ) at Gwadar and directed the authorities concerned to identify land for procurement in the range of 10,000 to 50,000 acres, The News has learnt. The federal government has decided in …

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