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Economy

India says Chabahar plan on track despite odds

  India says its development of the Iranian port of Chabahar as part of its ambitious bid to access Central Asia and Afghanistan is on track despite problems in procuring equipment from Western manufacturers.  The Indian government has committed $500 million to Chabahar which lies on the Gulf of Oman, …

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Balochistan Bank is being launched in next fiscal year

QUETTA: The Balochistan Government will establish its Provincial Bank in the public Sector during the next fiscal year for which substantial allocation will be made. This was confirmed by Ministers who were invited to discuss the budget at a pre-budget seminar in Quetta. It will be called Balochistan Bank in …

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India’s plan to develop Chah Bahar Port in Balochistan faces US headwinds

Reuters NEW DELHI: Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing for fear the United States may reimpose sanctions on Tehran, Indian officials say, dealing a blow to New Delhi’s strategic ambitions in the region. Lying on the Gulf of Oman along …

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CPEC: the Baloch Perspective

 Naseer Dashti   CPEC (China Pakistan Economic Corridor) is one segment of the proposed ‘One Belt One Road’ program of the Chinese government aimed at expanding Chinese economic and strategic influence in Asia. It involves a road and rail link from the Baloch town of Gwadar to Western Chinese city …

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CPEC projects to address energy problem: China

BEIJING: With the formal commissioning of its second unit later this month, the Sahiwal power plant will become one of Pakis­tan’s clean coal power plants with the largest installed capacity of generating 9 billion kWh of electricity per year. The electricity produced by the plant will meet energy needs of …

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FBR creates taxation officer posts in all Balochistan districts

QUETTA: The Federal Board of Revenue (FBR) has created the post of district taxation officers in all 32 districts of Balochistan aiming to provide facilities to people of the province in connection with tax collection. Speaking at a ceremony held for the inauguration of a new office of the regional …

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‘CPEC can help solve regional disputes’: Gen Zubair speaks at Shangri La Dialogue

SINGAPORE: Pakistan on Saturday said that the China-Pakistan Economic Corridor (CPEC) can help resolve the regional disputes. This was said by General Zubair Mahmood Hayat, Chairman Joint Chiefs of Staff Committee, who was speaking at the IISS Shangri-La Dialogue in Singapore. Pakistan facing grave internal security challenges due to presence …

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Chinese ‘Silk Road’ firms to help Balochistan mine minerals

The government of resource-rich Balochistan wants Chinese companies to kick-start a boom in its mining industry by including the sector into Beijing’s Belt and Road Initiative, a senior provincial mining official said. Beijing has pledged $57 billion for the China-Pakistan Economic Corridor (CPEC), a flagship Belt and Road project that …

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‘First round of CPEC projects to be completed by 2018’

BEIJING:  China reaffirmed that most of the early harvest energy projects being built under the China-Pakistan Economic Corridor (CPEC) framework would be completed in 2018, easing electricity shortage in Pakistan. Chinese Ministry of Foreign Affairs spokesperson Hua Chunying made these remarks while answering a question regarding the inauguration of the …

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China reaffirms early harvest power projects under CPEC

BEIJING: China confirmed that most of the early harvest energy projects being built under the China-Pakistan Economic Corridor (CPEC) framework would be completed before 2019 and help ease the electricity shortage in Pakistan. Hua Chunying, the spokesperson of the Chinese foreign ministry, said this while replying to questions regarding the …

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