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Economy

CPEC: “Iron Brothers,” Unequal Partners

Publication: China Brief Volume: 18 Issue: 1 By: Sudha Ramachandran Serious differences have come to the fore between China and Pakistan over the $60-billion China-Pakistan Economic Corridor (CPEC). At a Joint Working Group (JWG) meeting at Islamabad in November 2017, China announced its decision to suspend funding for at least three …

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Gwadar to get free electricity to household consumers

QUETTA: The environmental watchdog of Balochistan has made conditional issuance of its NOC for an upcoming 300 MW coal-based power plant in Gwadar on fulfilment of the condition that the electricity from the new plant would be supplied free of charge to household consumers of the area. Balochistan Government’s Environment …

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چیئرمین نیب کا گوادر میں کمرشل پلاٹوں کی الاٹمنٹ میں بےضابطگیوں کانوٹس

اسلام آباد: چیئرمین نیب جسٹس ریٹائرڈ جاوید اقبال نے گوادر میں انڈسٹریل اور کمرشل پلاٹوں کی الاٹمنٹ میں بےضابطگیوں کانوٹس لے لیا ہے۔ ایکسپریس نیوز کے مطابق قومی احتساب بیورو کے سربراہ جسٹس ریٹائرڈ جاوید اقبال نے گوادرمیں صنعتی اور تجارتی اراضی میں ہونے والی بے قاعدگیوں کا نوٹس لے …

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Sheer size of CPEC portfolio appals IMF

ISLAMABAD:  As the overall size of the China-Pakistan Economic Corridor (CPEC) projects grows to $60 billion, the International Monetary Fund (IMF) cautioned Pakistan on Wednesday to be mindful about the adverse implications of repayments of loans and profit repatriations to China. The IMF expressed these concerns during their meetings with …

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Chabahar under spotlight to boost Iran’s sea trade

CHABAHAR- Lying on the coast of the Gulf of Oman in Iran’s southeastern Sistan-Baluchestan Province, Chabahar is the country’s only oceanic port and given its strategic location in the International North-South Transport Corridor (INSTC) development of the port is of high significance for Iran. The port has two significant docks, …

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China to get 91pc Gwadar income, minister tells Senate

ISLAMABAD: The Senate was told on Friday that 91 per cent of the revenues to be generated from the Gwadar port as part of the China-Pakistan Econo­mic Corridor (CPEC) would go to China, while the Gwadar Port Authority would get 9pc share in the income for the next 40 years. …

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Railways to link Gwadar with Jacobabad

ISLAMABAD:  Pakistan Railways plans to connect Gwadar deepwater Port with Jacobabad via central Balochistan to link it up with the rail system of Pakistan. This was disclosed by the Federal Minister for Railways, Khawaja Saad Rafiq, while brief a select gather of senior journalists at the PID here today. He …

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Gwadar to emerge on world map as major trade hub: PM

GAWADAR: Prime Minister Shahid Khaqan Abbasi performed the ground breaking of the Rs17 billion East Bay Expressway and directed that the series of development projects for Gwadar be completed on time to ensure that the port emerges on the world map as a major trade hub. Addressing a ceremony here, …

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Pakistan refuses to allow free use of Chinese yuan in Gwadar for CPEC projects

The report says Pakistan has refused to allow free use of the Chinese yuan in any part of Pakistan or exchangeable like dollar as it has to be on a reciprocal basis Islamabad: Pakistan has refused to allow free use of the Chinese yuan on the lines of the US …

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What does the next phase of CPEC look like?

Almost all provincial, regional govts have submitted feasibility studies, except Balochistan. WHAT CAN WE EXPECT FROM THE JCC? By: Khaleeq Kiani The two-day Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor (CPEC) sets the stage for the second phase of the multibillion-dollar cooperation between the two nations. It …

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