China-Pakistan Economic Corridor to be a game changer

Update on 12 April 2015

QUETTA: Balochistan Chief Secretary Saifullah Chattha has said several mega projects, including the Gwadar Economic Free Zone, West Bay Expressway and Gwadar airport, would be inaugurated during the Chinese president’s visit to Pakistan on 20-21 April.

Update on 11 March 2015

KARACHI: Prime Minister Nawaz Sharif arrived in Karachi on Wednesday to inaugurate the first phase of the Karachi-Lahore (M-9) Motorway, which will cost Rs. 36 billion. M-9 will facilitate people commuting between Karachi and major cities including Sukkur, Badin, Ghotki, Rohri, Dadu, Pannu Aqil, Abro, Sadiqabad, Rahim Yar Khan, Zahir Pir, Jalalpur Peerwala, Abdul Hakim, Mamu Kanjan and Nankana Sahib.

Industrial parks and special economic zones are part of the China-Pakistan Economic Corridor (CPEC) memoranda of understanding recently agreed between the leaders of the two countries.

The key pre-requisite for the establishment of these zones are resolution of the energy crisis and building of a competitive infrastructure in Pakistan.

Energy and infrastructure

The first phase of the economic corridor is focused on $45.6 billion worth of energy and infrastructure projects. China’s state-owned banks will finance Chinese companies to fund, build and operate $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to Reuters.

Continue reading China-Pakistan Economic Corridor to be a game changer

Putin lifts ban on delivery of S-300 missile systems to Iran

The Russian president has repealed the ban prohibiting the delivery of S-300 missile air defense systems to Iran, according to the Kremlin’s press service. The ban was introduced by former President Dmitry Medvedev in 2010.

“[The presidential] decree lifts the ban on transit through Russian territory, including airlift, and the export from the Russian Federation to the Islamic Republic of Iran, and also the transfer to the Islamic Republic of Iran outside the territory of the Russian Federation, both by sea and by air, of air defense missile systems S-300,” says the information note accompanying the document, RIA Novosti reported.

The decree enters into force upon the president’s signature.

Read more » RT
See more » http://rt.com/news/249229-russia-s300-delivery-iran/