Monday, November 20th, 2017
Nepal, Pakistan withdrawal from Chinese projects may hamper ‘One Belt and Road Initiative’
VICTORIA CITY, (DNA) Given the recent withdrawal of the governments of Nepal and Pakistan from two separate projects with China, its direct impact may hamper the financial credibility of the latter, thereby creating a blockage “One Belt and Road” (OBOR) initiative, according to award winning financial journalist Peter Guy. Guy’s column, which appeared in the South China Morning Post, stated that unless China reviews its developmental financing strategy, the need for a sovereign guarantee will persist as the Belt and Road expands. Demanding sovereign guarantees in a non-transparent bidding process only arouses suspicions of corruption, he added. TheRead More
Nawaz Sharif making effort to find soft corner in people’s heart: Chairman PTI
ISLAMABAD, (DNA) – “Nawaz Sharif’s ad nauseum slogan that people will do his ‘Ehtisab’ is an attempt to fool all the people all the time but people cannot be fooled repeatedly. Nawaz Sharif is trying to stir people into doing his ‘Ehtisab’ is a violation of constitution and a call for mob justice while undermining the constitutional role of judiciary”, said Chairman PTI Imran Khan in a message on social networking website . According to the details furnished by Party’s Central Media Department Chairman PTI Imran Khan took to twitterRead More
China might replace US as center of world economic studies in 2050: leading economist
BEIJING, (DNA) – “China might replace the US as the center of the world economic studies in 2050 as it becomes the most important part of the global economy,” said former chief economist of the World Bank Justin Yifu Lin at the 2017 China Economic Prize Awarding Ceremony held on Nov. 18 in Beijing. “By then, China would probably account for 25% to 30% of the world economy,” noted Lin, who is currently the counselor of the State Council of China and director of Center for New Structural Economics atRead More
Interior Minister pleads IHC for more time to comply sit-in orders
ISLAMABAD, (DNA) – Interior Minister Ahsan Iqbal on Monday renewed hopes for a successful negotiation with protesters camped out at Faizabad Interchange after pleading Islamabad High Court (IHC) for more time to implement the court orders. Talking to press after court proceedings, Iqbal asserted that the government would not take action on whims of some conspirators, as he said, the court has been asked to grant more time to tackle the issue peacefully. “The government does not want a showdown resulting in another Lal Mosque [Lal Masjid] or Model TownRead More
CPEC: Provinces prepare for the 7th JCC meeting
ISLAMABAD, (DNA) – THE Punjab government is ready to pitch at least two under-construction industrial estates in the province for their inclusion in the list of the 27 priority special economic zones (SEZs) to be established across the country under the China-Pakistan Economic Corridor (CPEC). The case for the two industrial estates in Faisalabad and Sheikhupura will be made at the seventh meeting of the Joint Cooperation Committee (JCC), scheduled to be held in Islamabad on Nov 20-21 to review progress on the projects already under way. Punjab is saidRead More
PM Abbasi to inaugurate LNG terminal at Port Qasim today
KARACHI (DNA) – Prime Minister Shahid Khaqan Abbasi along with his cabinet members and Governor Sindh will visit Port Qasim in Karachi today (Monday) where he will inaugurate Liquefied Natural Gas (LNG) import terminal. The LNG terminal, a project of Pakistan Gas Company Limited, has been completed in a short period and will facilitate in transporting LNG to the industries. PM Abbasi reached Karachi on a two-day visit on Sunday. He will also lay foundation stone of another part of power project at the Port Qasim today.