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Economy

CPEC, Chabahar and Indian challenge

Shahid Jameel Since the start of the global war on terror by the US and coalition forces in Afghanistan in 2001, India has been struggling to propagate that Pakistan was the epicentre of terrorism in the region. India has been doing that with two main objectives; one, to alienate the …

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Chahbahar and Gawadar are sister ports: Pakistan

ISLAMABAD: Pakistan today said Chahbahar and Gawadar are sister ports and complement each other in promoting future trade, transit and connectivity. Chahbahar, the port in the Sistan-Balochistan provinceon the energy-rich nation’s southern coast is easily accessible from India’s western coast and is increasingly seen as a counter to Pakistan’s Gwadar Port, which is being developed with …

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Chinese company operating Gwadar lacks NoC, Pak NA body told

ISLAMABAD: The National Assembly’s Standing Committee on Finance on Tuesday was informed that the Ministry of Interior had not yet issued security clearance to M/S China Overseas Ports Holding Company (COPHL), which is building and operating the Gwadar Port, causing the parliamentary panel to ask the authorities to probe this …

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Iranian Foreign Minister says , China, Pakistan can cooperate in Chabahar, CPEC

Iran can play a role in the implementation of China-Pakistan Economic Corridor (CPEC), whereas Pakistan and China can invest in developing Chabahar Port in south Iran, said the Iranian minister of foreign affairs. This is because by promoting economic development in that area which has been the source of extremism, …

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MoU worth 46 billion signed for construction of Petro-Chemical Park in Gawadar

ISLAMABAD: Balochistan government and Chinese consortium signed a Memorandum of Understanding (MoU) for another CPEC project of construction of Petro-Chemical Park at Gawadar costing 46b dollars. This project includes an oil refinery, cement factory, tire factory, supply of water and 1200 mega watt electricity project. Oil refinery would purify 10 …

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Chinese prisoners working on CPEC in Pakistan: Yousuf Talpur

TNN Islamabad: Nawab Mohammad Yousuf Talpur, a National Assembly member of opposition Pakistan Peoples Party (PPP), said at a recent meeting of parliamentary committee said, “I have learnt that prisoners have been brought from Chinese jails and they are constructing roads. They can be involved in crimes so there should …

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China’s flagship port in Balochistan shackled by heavy security

BEIJING: (Bloomberg) For the thousands of attendees it was meant to be a conference to showcase China’s flagship Belt and Road project in Pakistan — the port in southwestern Gwadar that gives Beijing access to the Arabian sea. In the evenings the almost 8,000 delegates were wowed with cultural shows and a firework …

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‘Balochistan is being discriminated against in a systematic way’

KARACHI: “There is a colonial pattern of control visible in Balochistan which has resulted in the largest province of Pakistan not only lagging behind, but falling further behind,” said Dr Kaiser Bengali, economist and former adviser to the Balochistan chief minister, at the Arts Council here on Tuesday. He was …

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China to install coal-based power plant in Gwadar

QUETTA:  China Power Company head Sho has said that his firm will set up a 300 megawatts coal-based power plant at Gwadar for electricity generation. “We will provide free of cost electricity, basic necessities to poor fishermen of coastal areas and gradually uplift their standard of living,” said the Chinese …

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Mega oil city to be constructed in Gwadar under CPEC

ISLAMABAD: Pakistan has decided to construct a mega oil city at Gwadar on 80,000 acres under much hyped China Pakistan Economic Corridor (CPEC). This mega oil city will be used for transportation of imported oil through the Gwadar Port to China. The oil will be imported from Gulf and will …

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