Tag Archives: China Pakistan Economic Corridor

Greater transparency needed on China Pakistan Economic Corridor

Greater transparency needed on China Pakistan Economic Corridor

Mere assurances and statements from Pakistan’s government ministers and functionaries that all is well with the China Pakistan Economic Corridor (CPEC) are not enough. The army chief’s call for an “open debate on all aspects of CPEC” is to be welcomed, but a few irritants stand in the way before any such debate can happen. The first irritant is the …

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PKR 143 billion projects approved by Ecnec

PKR 143 billion projects approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) and Central Development Working Party (CDWP) on Wednesday cleared a total of nine development projects with an estimated cost of about Rs143 billion. In a meeting presided over by the Minister of Finance Ishaq Dar, the council approved two projects with a total estimated cost of Rs28.5bn. These include the Gwadar …

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Pakistan to welcome Chinese parliamentary delegation

Pakistan to welcome Chinese parliamentary delegation

Delegates from China’s lower house, the National Committee of Chinese People’s Political Consultative Conference (CPPCC), will visit Pakistan to discuss enhancing bilateral cooperation under the China-Pakistan Economic Corridor (CPEC) and on other fora. The CPPCC concluded its participation in the ‘Two Sessions’ of China, a detailed annual parliamentary session, which discussed enhancing international cooperation through One Belt, One Road, of …

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China’s coal smog shifting to Pakistan

China's coal smog shifting to Pakistan

Capital suggestion January 16: China’s National Energy Administration announced that “104 planned and under-construction coal power projects – with a total capacity of 120 gigawatts – have been suspended”. The Chinese “government is taking dramatic steps in order to comply with the coal capacity target laid out in its latest Five Year Plan”. For the record, this has happened in …

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Military courts have PPP’s full support

Pakistan Peoples Party supports establishment of military courts and military operations to eradicate terrorism. The party had always supported military courts and operations without any conditions. This was said by former prime minister Yousaf Raza Gillani while speaking to journalists in Multan on Wednesday. Gillani said terrorism and extremism were global issues and they must be dealt at international level. …

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Pakistan’s growing car market attracts automakers

In the backdrop of a surge in passenger car sales that recently crossed 200,000 units for the first time in Pakistan, all of the country’s automakers are planning production increases to satisfy the brisk domestic demand. According to Nikkei Asian Review, new players are also flocking to this market of 200 million, lured by government incentives and the opportunity to …

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Trump and CPEC play positive role in Pakistan’s real estate

Trump and CPEC play positive role in Pakistan's real estate

Pakistan’s property market has attracted billions of rupees over the last three years because of extraordinary returns. These returns come on the back of differences in demand-supply, speculative trading in the real estate sector and its ability to be a safe-haven for tax evaders. The growth story was broadly intact until the middle of 2016 when the government brought in …

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Pakistan shines with positive indicators

Pakistan shines with positive indicators

Until recently, the world was accustomed to negative news from Pakistan, ranging from rising debt to terrorism attacks and from political instability to border tensions. This however is changing, with Pakistan seemingly set on a new growth trajectory. Not only did the KSE-100 index cross the landmark 50,000 threshold recently, but on many other fronts it has been a bearer …

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Pakistan’s debt can rise with CPEC

Pakistan's debt can rise with CPEC

The Senate Standing Committee on Finance has expressed concern over expected considerable increase in circular debt after the energy projects of the China-Pakistan Economic Corridor (CPEC) become operational. The issue of circular debt sprang up during the meeting of Senate Standing Committee on Finance, which was chaired by Senator Saleem Mandviwalla. The meeting was given a briefing by National Bank …

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CPEC from an economists viewpoint

CPEC from an economists viewpoint

As both countries make steady progress on the China-Pakistan Economic Corridor (CPEC), Dr Kaiser Bengali, former advisor to Balochistan chief minister, has raised the issue of socio-economic implications of the mega investment project. Dr Bengali, who till recently was heading Balochistan chief minister’s Policy Reform Unit, raised 12 questions that, according to him, require satisfactory answers in order to protect …

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