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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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ECP ban on new uplift projects ‘to hit CPEC ventures’

LAHORE: The Election Commission of Pakistan (ECP) ban on initiating new development projects is going to hit ventures planned under the China-Pakistan Economic Corridor (CPEC) and the resultant delay will add billions of rupees to their execution cost, cautions the government. The ruling PML-N is approaching the top election watchdog for clarifying …

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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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Chabahar project not in competition with CPEC: Iran’s ex-foreign minister

KARACHI: Iran’s former foreign minister Kamal Kharazi has said the perception in Pakistan that Iran’s Chabahar port, including subsequent development of roads and railways networks for enhancing the country’s trade, is a ‘rival project’ of the China-Pakistan Economic Corridor (CPEC), is not correct. He was speaking at a roundtable discussion …

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China-Pakistan military cooperation to maintain regional peace: official

APP BEIJING: The defence and military cooperation between China and Pakistan will help maintain regional and international peace and security, Ren Guoqiang, spokesperson for the Chinese Ministry of National Defence, said on Thursday. “China and Pakistan share an all-weather partnership. We have maintained a very high level of defence and …

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Keeping economy, CPEC intact: Pakistan seeks friends’ help

ISLAMABAD: In order to keep its economy afloat and avoid the IMF bailout package to ensure smooth running of $60 billion China Pakistan Economic Corridor (CPEC) project, Pakistan has shared different proposals with friendly countries, especially Saudi Arabia and China. The friendly countries have been requested to provide Islamabad with …

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‘CPEC offers great economic potential’: Report

ISLAMABAD: The World Bank, Asian Development Bank (ADB) and several other international development agencies have observed that the $60 billion China-Pakistan Economic Corridor (CPEC) offers enormous economic potential for Pakistan. The participant agencies — Britain’s Department for International Development and the Japan International Cooperation Agency — have discussed several economic …

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Pakistan asked India to review short-sighted approach to CPEC

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal has asked India to benefit from the China-Pakistan Economic Corridor (CPEC) project, instead of criticising it. Addressing a press conference on Thursday, he advised New Delhi to review its short-sighted approach towards the project. He said the “CPEC is purely an …

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Pakistan attempts to allay concerns over Chinese influence

REUTERS ISLAMABAD: Pakistan expects net foreign direct investment (FDI) to jump about 60 percent in 2017/2018, the chairman of Pakistan’s Board of Investment said, but some Western investors appear to be put off by China’s growing influence in the South Asian nation. Chinese companies are building roads, power stations and …

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‘CPEC is a loan, not a giveaway from China,’ says OICCI president

The money being poured in the power and transport infrastructure under the multi-billion-dollar China Pakistan Economic Corridor (CPEC) initiative will improve Pakistan’s competitiveness internationally and link it with more countries than it is doing business with at present. That will create a huge space for foreign direct investment in the …

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