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ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) government has decided to shelve a major power project pushed by the Pakistan Muslim League-Nawaz regime under the China-Pakistan Economic Corridor (CPEC) and will axe hundreds of other schemes under the Public Sector Development Programme (PSDP) later this month. Background discussions with government officials suggest...
Approximately 1.2 million jobs could be created indirectly in Pakistan because of agreed projects under the China-Pakistan Economic Corridor (CPEC), experts said here on Thursday. The CPEC has been blamed for causing a debt trap and economic distress in Pakistan, but facts have proved that the recent surge in Chinese...
KARACHI: Mega projects of Karachi Port Trust (KPT) have been submitted for possible inclusion in the China-Pakistan Economic Corridor (CPEC) initiative, official sources said on Tuesday. Secretary Maritime Affairs Amir Khawaja, who recently attended the Joint Coordination Committee (JCC) meeting in China, has tabled some of the mega projects of...
ISLAMABAD:  Pakistan and China could not make any breakthrough on mega mass transit and infrastructure projects during the 8th Joint Cooperation Committee (JCC) meeting due to Islamabad’s inability to timely complete paperwork of these multibillion dollars schemes. The status quo remained on $8.2 billion mainline (ML-1) project of Pakistan Railways, $2...
ISLAMABAD:  The Public Accounts Committee (PAC) on Tuesday decided to get a briefing on energy projects being setup under the China-Pakistan Economic Corridor (CPEC) after some members raised questions about high rate of returns given to Chinese investors and location of certain power plants. The questions were mainly raised by members...
ISLAMABAD: Pakistan on Thursday made it clear that the China-Pakistan Economic Corridor (CPEC) had no military dimensions. Foreign Office spokesman Dr Mohammad Faisal, during his last weekly press briefing of the current calendar year, had been asked to comment on a report published in a section of US media alleging...
ISLAMABAD:  The government of Pakistan is legally bound to ensure the provision of foreign currency for debt repayment to Chinese financial institutions by investors of power plants set up under the China-Pakistan Economic Corridor (CPEC) and for the repatriation of profits by them, says a bilateral agreement. Unlike other independent power...
ISLAMABAD: Pakistan needs to pay back six billion dollars under debt obligations of c initiative over the next two decades, the planning ministry said on Wednesday. “Government of Pakistan’s financial liability is only to the tune of $6 billion comprising of low interest loans and grants in infrastructure projects spread...
QUETTA:  In order to address Balochistan’s grievances over its meagre share in the China-Pakistan Economic Corridor (CPEC), Finance Minister Asad Umar, on his visit to Quetta on Monday, vowed to end any injustice and foster industrialisation in the province, which is imperative to end poverty. “In the second phase of CPEC,...
KARACHI: The China-Pakistan Economic Corridor (CPEC) is potentially transformational for Pakistan and we are keen to participate in the opportunities it offers, said UK Deputy High Commissioner and Trade Director Elin Burns on Thursday. In an interaction with media, she said that UK is investing in Pakistan for the long-term. “We...

Opinion

nfc asad

Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...