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Economy

Chahbar port and the US withdrawal from Iran nuclear deal

TIMESOFINDIA.COM  NW DELHI: US President Donald Trump yesterday scrapped the Iran nuclear dealsigned by his predecessor Barack Obama. The 2015 deal with Iran ended its economic isolation from the rest of the world, including from India, which has since boosted ties with Tehran. Now, though, with the US re-imposing sanctions on …

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Balochistan budget to be announced on May 11

QUETTA: The Provincial annual budget for 2018-19 to be presented on 11 May, as Acting Governor Balochistan Raheela Hamid Durrani called budget session. The 400 billion rupees’ provincial budget for the physical year of 2018-19 to be presented on Friday May 11 after Acting Governor Balochistan Raheela Hameed Durrani called budget session at 04pm. Finance …

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What matters most

Shah Meer Baloch LATE last year, during a visit by Prime Minister Shahid Khaqan Abbasi to Gwadar, a group of locals blocked the road to the airport by staging a sit-in. Their demand? Water. Unlike much of the praise surrounding CPEC in the media, there remain some serious, unaddressed issues. …

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Pakistani Gwadar Port, a double-edged sword for Iran

TEHRAN, Apr. 24 (MNA) – Gwadar port is located in the province of Baluchistan in Pakistan and on the coast of Arabian Sea. The port’s plan was first established in 1954 when it was owned by the Oman’s kingdom. The distance between Gwadar and Karachi, the main commercial city of …

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CPEC dominates transport sector

ISLAMABAD: The ‘transport and communication’ (T&C) sector remained heavily influenced by projects related to China Pakistan Economic Corridor (CPEC) during the outgoing fiscal year with focus not only on building roads and improving the rail network but also on establishing new communication lines. Amongst the new initiatives in the sector …

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Thirsty to thriving? Parched Pakistani port aims to become a new Dubai

Reuters GWADAR: For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar + into a duty-free port and free economic zone – Pakistan’s answer to Dubai. The aim is for Gwadar – located on the Arabian Sea near Iran and the mouth of the Persian Gulf …

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Chinese giant to build Gwadar’s first luxury Golf Community

LONDON: State-owned Chinese construction company China Civil Engineering Construction Corporation (CCECC) has announced that it has entered into agreement for the construction of Gwadar’s first luxury gated Golf Community with a Pakistani company. Empire Properties, the Pakistan registered company, and the CCECC have signed a memorandum of understanding as the …

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CPEC would only be favorable for foreigners: Akhter Mengal

QUETTA: China Pakistan Economic Corridor (CPEC) has nothing to do with the native people; it is for the benefit of foreigners. The representatives from Balochistan, who once claimed that the CPEC would usher in Balochistan an era of prosperity and development, too have acknowledged that the CPEC is not for …

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The future of Chabahar Port

Harsh V. Pant December, last year, saw the inauguration of the first phase of the strategic Chabahar port by Iranian President Hassan Rouhani in the presence of officials from 17 countries. India is central to this port project as it remains keen on opening a trade route to Afghanistan and …

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How Chahbar port could heighten India-China tensions

Bloomberg TEHRAN: A remote Iranian port could be the next trigger for geopolitical tensions between rivals China and India. India has pledged more than $500 million to develop the strategically located port of Chabahar — roughly 1,800 kilometers (1,110 miles) from the capital Tehran — since it first expressed interest in 2003. …

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