Tag Archives: CPEC)

Understanding Special Economic Zones under CPEC

A SMALL line in a news story a few days ago caught my eye. The setting was a hearing in the Senate Standing Committee on Planning and Development at which high officials from the Planning Commission were answering questions about the China-Pakistan Economic Corridor (CPEC). The line that caused me to do a double take was this one: “The committee …

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Pakistan’s steel business

Pakistan’s decision to slap up to 40% anti-dumping duty on Chinese steel is a massive development for two reasons – it paves way for growth of the local industry and, more importantly, signals the country’s intention that it will protect the interests of its own even if over $55 billion are coming from the same geographic location. The duty, imposed …

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CPEC: Egypt joins, Pakistan welcomes

In a meeting with National Assembly Speaker Sardar Ayaz Sadiq, Egyptian Ambassador to Pa­k­i­stan Sherif Shaheen has expressed his country’s des­ire to join the China-Pakis­tan Economic Corridor (CPEC). According to a press release on Sunday, the Egy­ptian envoy called on the speaker at the Parliament House on Thursday. Talking to the media after the meeting, Mr Sadiq said that Egypt’s …

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Iran keen to be part of CPEC

Ambassador of Iran to Pakistan Mehdi Honardoost has reiterated Iran’s willingness to join the China-Pakistan Economic Corridor (CPEC) and offered to commit its ‘full potential’ for the mega regional connectivity project. “Iran is eager to join CPEC with its full capabilities, possibilities and abilities,” the Ambassador said while speaking at the Oxbridge Lecture in Islamabad. China-Pakistan Economic Corridor (CPEC) is …

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DEMOCRACY WITHIN POLITICAL PARTIES

While Democratic theory places great importance upon the conduct, participation, and regularity in elections, but what is often overlooked is that the electoral game takes place in two arenas, not only between political parties but also within them. The four most important aspects of democracy that seek to strengthen as well as uphold it are not only essential for any …

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Senate thrashes govt for “living on loans”

The government came under fire in the Senate on Thursday for piling up external and domestic loans to alarming proportions, with a warning that the trend could lead to a situation where servicing the loans becomes impossible. Speaking on a call attention notice, PTI Senator Syed Shibli Faraz blasted the government for an “insatiable appetite” for loans and violation of …

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Pakistan may surpass 5.2% growth rate in 2017 – World Bank

The World Bank has revised Pakistan’s growth rate upwards to 5.2% for fiscal year 2017 and 5.5% for 2018. It previously estimated growth in Pakistan’s gross domestic product (GDP) at 5% and 5.4% for FY17 and FY18, respectively. The report ‘Global Economic Prospects; weak investment in uncertain times’, states that the uptake in activity is spurred by a combination of …

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CPEC: More road projects to be financed by China

Beijing has pledged to finance three more road projects under the China-Pakistan Economic Corridor (CPEC), making its total contribution to the corridor-related road projects to Rs1.025 trillion so far. China will provide Rs107.76 billion as soft loan for the three new projects, National Highway Auth­ority (NHA) spokesman Kashif Zaman told Dawn on Monday. It is already providing Rs917bn for another …

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Chabahar port is not a threat of competition: Pak minister

In a bid to pacify growing anxiety regarding the development of Chabahar port by Iran and India, Minister for Planning, Development and Reform Ahsan Iqbal has said that Pakistan does not looks at the port’s progress as competition but a development that complements the China-Pakistan Economic Corridor (CPEC). He said this during the 32nd AGM and Conference of the Pakistan …

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PPP fails to scare PML-N

Bilawal Bhutto Zardari’s threats of street agitation have apparently failed to ruffle PML-N’s feathers, triggering fears the political scene will get murkier and nastier in coming days. The ruling party appears to be in no mood to engage the PPP to dissuade it from launching a protest movement against the government. “Reconciliation, especially on their [PPP’s] terms, is not an …

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