Russia to invest $2 billion to build natural gas pipeline in Pakistan

ISLAMABAD: Russia will invest a whopping $2 billion in Pakistan to build a 1,100-kilometre pipeline from southern port city of Karachi to Lahore to transport liquefied natural gas.

“Pakistan and Russia have finalized an LNG pipeline deal in a recent meeting in Moscow and the two countries will sign a government-to-government basis deal next month,” petroleum minister Shahid Khaqan Abbasi was quoted as saying by The Express Tribune.

Abbasi said that in return for the investment, Russian companies will be awarded the contract to build the pipeline.

News courtesy: THE TIMES OF INDIA
Read more » http://timesofindia.indiatimes.com/business/international-business/Russia-to-invest-2-billion-to-build-natural-gas-pipeline-in-Pakistan/articleshow/46970624.cms

US warship heads to Yemeni waters; could block Iran weapons

Associated Press – By LOLITA C. BALDOR

WASHINGTON (AP) — In a stepped-up response to Iranian backing of Shiite rebels in Yemen, the Navy aircraft carrier USS Theodore Roosevelt is steaming toward the waters off Yemen to beef up security and join other American ships that are prepared to intercept any Iranian vessels carrying weapons to the Houthi rebels.

The deployment comes after a U.N. Security Council resolution approved last week imposed an arms embargo on leaders of the Iranian-backed Shiite Houthi rebels. The resolution passed in a 14-0 vote with Russia abstaining.

Navy officials said Monday that the Roosevelt was moving through the Arabian Sea. A massive ship that carries F/A-18 fighter jets, the Roosevelt is seen more of a deterrent and show of force in the region.

The U.S. Navy has been beefing up its presence in the Gulf of Aden and the southern Arabian Sea in response to reports that a convoy of about eight Iranian ships is heading toward Yemen and possibly carrying arms for the Houthis. Navy officials said there are about nine U.S. warships in the region, including cruisers and destroyers carrying teams that can board and search other vessels.

Read more » Yahoo News
See more » http://news.yahoo.com/us-warship-heads-yemeni-waters-block-iranian-weapons-182036698–politics.html

Investing with confidence: Chinese say their money is safe in Pakistan

By Shahram Haq

ISLAMABAD: Chinese businessmen have said investments they are putting in Pakistan are safe as both the countries enjoy excellent relations at government and public level.

“The global investments we make in any country depend on the nature of relationships between China and the particular country,” said Orient Evertrust Capital Group’s Chairman Jiang Xue Ming, while talking with The Express Tribune.

“Since Pakistan and China have excellent relationships, so we feel our investments in this country are completely safe,” he added.

A group of Chinese investors is currently in Islamabad as the Chinese president is arriving in Pakistan today (Monday) to sign some 50 different accords worth $46 billion, majority of which are energy based.

Read more » The Express Tribune
See more » http://tribune.com.pk/story/872766/investing-with-confidence-chinese-say-their-money-is-safe-in-pakistan/