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Economy

Iranian President voices concerns regarding dams construction in Afghanistan

 KHAAMA PRESS The Iranian President Hassan Rouhani has voiced concerns as the Afghan government plans to build more dams in a bid to regulate the waters for agriculture and electricity production. President Rouhani made the remarks during an international conference being held for three days in Tehran, the capital of …

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Islamabad faces challenges in building economic corridor with China: Pak minister

Reuters DALIAN: Pakistan faces some challenges in steering an ambitious plan to build an economic corridor with China despite the economic benefits for the country, planning minister Ahsan Iqbal said on Wednesday. China has promised $57 billion in investment in projects along the China-Pakistan Economic Corridor, part of its ambitious Belt and …

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‘Drought- like’ situation hits Makran

GWADAR: Due to lack of rains, many districts in Makran division are facing a drought-like situation, it has emerged. According to a survey, in Panjgur alone 70 karezes (underground water canals) have dried forcing many families to move to other places. Sub-soil water level has depleted in other parts of …

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Unreal estate: The boom in Gwadar’s property market

Gwadar is changing. This is the usual tag line for advertisements promoting the port city as the next best destination for investment in real estate after Dubai. These adverts generally feature a skyline dominated by well-lit, high-rise buildings lining wide avenues and towering over a shimmering waterfront. The Gwadar of …

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What’s Happening at Pakistan’s Gwadar Port?

Despite big promises, the China-Pakistan Economic Corridor is yet to deliver local benefits. By Zofeen T Ebrahim A stray dog snoozes under a red boat lying next to a rickety tea shop on the quay at Sur Bandar, where a few dozen small boats are bobbing in the Arabian Sea. …

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Can Pakistan Afford CPEC?

There are concerns that the secretive agreement will lead to unsustainable debt for Pakistan while China reaps the benefits. By K.S. Venkatachalam China’s investment of $62 billion in the China-Pakistan Economic Corridor (CPEC), as part of its Belt and Road Initiative (BRI),  is set to change the face of Pakistan’s economy. …

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China’s Dream of Economic Power May Come with Great Risks

The most surprising aspect of the Belt and Road Initiative is how it has prompted a famously risk-averse China to embrace increased risks abroad. Michael Clarke June 14, 2017 In his opening address to the “Belt and Road Forum” in Beijing on May 14, Chinese president Xi Jinping described the …

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محکمہ معدنیات کیلئے 2 ارب روپ مختص ،ریکوڈک منصوبے کیلئے 65کروڑ سیندک کی لیز میں اضافے کا فیصلہ

کوئٹہ: مشیر خزانہ بلوچستان سردار اسلم بزنجو نے بلوچستان کے مالی سال 2017-18ء کیلئے بجٹ جمعرات کو ایوان میں پیش کرتے ہوئے کہا کہ آنے والے مالی سال 2017-18میں محکمہ مع ِدنیات کیلئے )2 بلین روپے( مختص کیے گئے ہیں۔ جوموجودہمالیسال2016-17کےمقابلےمیںتقریباً)6فیصد(زیادہہیں۔انہوںنےکہاکہبلوچستانکیمعدنیدولتپرقبضےکیغیرقانونیلیزمنُسوخکرنے پر تیزی سے کام جاری ہے۔انہوں نے کہا کہ …

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Balochistan announces Rs328.5bn outlay budget with record deficit

Balochistan’s record high deficit budget with a total outlay of Rs328.502 billion was presented by Chief Minister’s Adviser on Financial Affairs Sardar Muhammad Aslam Bizenjo on Thursday in the Balochistan Assembly. The budget deficit has jumped from Rs36bn during the current year to Rs52bn for the financial year 2017-18 according …

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Chinese students learning Urdu eyeing CPEC job opportunities

  APP Urdu may be a bit more challenging than other languages, but a growing number of Chinese students are choosing to learn it as they anticipate opportunities to be offered by Chinese companies carrying out development projects in Pakistan under the China-Pakistan Economic Corridor (CPEC).  Beijing Foreign Studies University …

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