Tag Archives: CPEC

China invites India to join One-Belt-One-Road project

By Jawed Naqvi

Excerpt:

NEW DELHI: Chinese Ambassador Luo Zhaohui has called on India to join its One-Belt-One-Road project and assured New Delhi that the China-Pakistan Economic Corridor (CPEC) would not impinge on anyone’s sovereign rights.

The Chinese embassy on Monday released the text of Mr Luo’s remarks made to an Indian think-tank on Friday.

“Some people in the West misread China and tend to think that the ‘Dragon’ and the ‘Elephant’ are inevitable rivals, and that China would not like to see India developing. This conception is wrong. We hope to see India develop well and we are more than happy to help India develop to achieve common development,” he said in an address at the United Services Institute.

Despite recent tensions between the two countries, President Xi Jinping and Prime Minister Narendra Modi will have opportunities to meet each other on the sidelines of summits to be held by the Shanghai Cooperation Organisation, G20 and BRICS.

…..

The perception that China was partial to Pakistan over others was erroneous. “Some Indian media say that China always puts Pakistan first when handling its relations with South Asia countries. I want to tell you this is not true. Simply put, we always put China first and we deal with problems based on their own merits. Take Kashmir issue for example, we supported the relevant UN resolutions before 1990s. Then we supported a settlement through bilateral negotiation in line with the Simla Agreement. This is an example of China taking care of India’s concern.”

Read more >> DAWN
See more >> https://www.dawn.com/news/1331943/china-invites-india-to-join-one-belt-one-road-project

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Pakistan: Chinese firms to invest $35bn in 19 power projects

ISLAMABAD: Chinese companies will be investing $35 billion in 19 power projects which will generate 12,134 MW of electricity under the China Pakistan Economic Corridor (CPEC) project, said Secretary Water and Power, Mohammad Younis Dagha on Thursday.

Read more >> DAWN
See more >> https://www.dawn.com/news/1319576/chinese-firms-to-invest-35bn-in-19-power-projects

Lt Gen Aamir invites India to join CPEC

Quetta: Amid escalating tension between the two nuclear-tipped states, Commander Southern Command Lt General Amir Riaz on Tuesday invited India to join the China Pakistan Economic Corridor and ‘share the fruits of future development by shelving the anti-Pakistan activities and subversion’.

Speaking at an awards distribution ceremony at Balochistan FC Headquarters, he said that India should shun enmity with Pakistan and join the CPEC along with Iran, Afghanistan and other Central Asian countries and enjoy its benefits.

Read more » The Express Tribune
See more » http://tribune.com.pk/story/1269691/olive-branch-lt-gen-aamir-invites-india-join-cpec/

China-Pakistan Economic Corridor: A boon for the economy, a bane for locals

BY ZOFEEN T. EBRAHIM

Pakistan’s Gilgit-Baltistan region is frequently in the news these days, but not necessarily for its mouth-watering cherries and dried apricots. The much touted US $46 billion China-Pakistan Economic Corridor (CPEC) will pass through this beautiful province in the north to reach Chinese-operated Gwadar port in the country’s south. While there is hope it will transform the economy and help bridge Pakistan’s power shortfall, CPEC has also triggered concerns that the local people might be left out of the gains.

Read more » DAWN
See more » http://www.dawn.com/news/1236159/

US President’s predictions regarding security of the region are not accurate – Sartaj Aziz

Govt will overcome the threats posed to CPEC project: Sartaj Aziz

 

ISLAMABAD (Dunya News) – Adviser to Prime Minister on Foreign Affairs Sartaj Aziz has said on Friday that China-Pakistan Economic Corridor (CPEC) will ensure stability, progress and prosperity in the region besides linking Pakistan and China as well as other regional countries with one another.

Speaking a seminar in Islamabad today, he said CPEC would help Pakistan overcome energy crisis, adding projects related with CPEC would infuse new life in infrastructure.

He assured that Indo-Pak Foreign Secretary level talks will be held soon. The adviser confirmed that no meeting took place in Paris between the National advisers of both the countries.

While talking about Obama’s speech, he stated that US President’s predictions regarding security of the region are not accurate however; Pakistan is conducting decisive action against terrorism and is hopeful of further peace and stability.

 

Read more » DunyaNewsTv
See more » http://dunyanews.tv/en/Pakistan/317845-Govt-will-overcome-the-threats-posed-to-CPEC-proje

Pakistan, India can’t live as enemies, says PM

By SALEEM SHAHID

ZHOB: Prime Minister Nawaz Sharif has invited India to hold dialogue with Pakistan on all issues, saying the two countries cannot live as enemies.

“Pakistan and India will have to resolve all issues amicably and in a comprehensive way,” he said while addressing a foundation stone-laying ceremony for the western route of the China-Pakistan Economic Corridor (CPEC) project here on Wednesday.

Read more » DAWN
See more » http://www.dawn.com/news/1229802/

Chinese firm takes control of Gwadar Port free-trade zone in Pakistan

Gulf gateway key to plans to ship oil overland to inland provinces

By Summer Zhen

A Chinese firm officially took control of Pakistan’s Gwadar Port free-trade zone on Wednesday, further cementing its role in the Gwader area, a gateway to oil-exporting Gulf countries, and analysts see the deal as a chance for China to change the oil import game.

Under the agreement, state-backed Chinese Overseas Ports will manage the free-trade zone on a 43-year lease. The formal handover signals the Chinese side’s control of all the port’s business affairs.

Gwadar port is a deep sea port that sits next to the Strait of Hormuz, the key oil route in and out of the Persian Gulf and it lies only 120km from the Iranian border.

As part of the China-Pakistan Economic Corridor scheme, China plans to make Gwadar a transportation hub by building a 3,000km railway linking Xinjiang, in western China, with Gwadar.

Read more » South China Morning Post
See more » http://www.scmp.com/business/companies/article/1877882/chinese-firm-takes-control-gwadar-port-free-trade-zone-pakistan

Shanghai Cooperation Countries may be able to use Pakistani ports

SCO states may be able to use Pakistani ports

ISLAMABAD: Member countries of the Shanghai Cooperation Organisation — China, Kazakhstan, Kyrgyz­stan, Russia, Tajikistan and Uzbekistan — may be able to use Pakistani ports to get access to trade routes through the Arabian Sea once China-Pakistan Eco­no­mic Corridor (CPEC) is completed and becomes operational.

Speaking at the Economic and Trade Ministers meeting of Shanghai Cooperation Organisation (SCO) in Xian, the capital of China’s Shaanxi province on Wed­nesday, Commerce Minister Khurram Dastagir Khan said that Pakistan’s trade strategy focuses on developing linkages with our neighbours, leveraging our geographical location and capitalising on regional connectivity initiatives.

Pakistan has an observer status at the SCO and is scheduled to become full member state in January 2016 which will provide new impetus to Pakistan’s relations with member states.

Read more » DAWN
See more » http://www.dawn.com/news/1207404

UK to partner in CPEC, provide $121.6 million grant

By Shahbaz Rana

ISLAMABAD: In a significant development, the United Kingdom has become a partner in China-Pakistan Economic Corridor and agreed to provide $121.6 million in grant to fund construction of Burhan-Havelian Expressway, which falls on the northern route of the corridor.

The Asian Development Bank (ADB) and the Department for International Development (DFID) of the United Kingdom will co-finance the $327 million cost of the 59km-long Hassanabdal-Havelian Expressway (E-35) project, according to a handout issued by the Manila-based lending agency on Tuesday.

UK’s $121.6 million grant will lessen Pakistan’s debt obligations by the same amount. The country had entered into a loan agreement with ADB, which will now be picked up by UK taxpayers to the extent of the grant amount.

Read: India bid to halt Pakistan projects fails

It is for the first time that the UK will fund any infrastructure sector project in Pakistan, as so far its focus remained on social sectors. It is also the first time that the UK is partnering with the Manila-based lending agency in a project located in Pakistan.

Read more » The Express Tribune
See more » http://tribune.com.pk/story/948870/uk-to-partner-in-cpec-provide-121-6-million-grant/

With China, for China – As China arrives, Pakistan cleans house

By Wajahat S. Khan

The Sino-Pak axis has matured. The decades old ‘Cheen-Pak Bhai Bhai’ narrative is fast moving beyond pan-Karakoram fraternal rhetoric complemented by scenically exotic highways, shared rocket designs and muted nuclear deals to morph into optically sound, fundamentally critical, even mutually loud and proud policy, infrastructure and defense initiatives on the ground. China – and not just its submarines – is coming to Pakistan, and Pakistan is getting ready to receive the People’s Republic. The ‘Bhai’ in Beijing, as the mood in Islamabad indicates, is now a BFF – Best Friend Forever – even a Friend With Benefits.

The comprehensive Chinese assistance package – hinged on the 3000 kilometer-long China-Pak Economic Corridor, an aggressive energy build-up and military modernization – is the largest planned foreign investment program for any country, ever, touching almost crossing over $100 billion in the next decade and a half, and is being seen as the next, and perhaps the last, big thing that war-weary Pakistan must grab on to, at any cost.

The Peking Promise

The plan is simple: The deep-sea port of Gwadar is going to drive Chinese imports, largely oil and gas, into western China, which is relatively underdeveloped versus the rest of the PRC and prone to militancy. The levies, infrastructure and traffic will tone up the CPEC network to create jobs, roads and even entire towns along the way from Pakistani Balochistan, through all of the Islamic Republic’s other provinces, to Chinese Kashgar in Xinjiang. Add the potential of Chinese naval presence in Gwadar that will let it over see Hormuz and neighboring ports and the reality of Pakistan’s newly formed and purpose-built 34th Infantry Division to protect Chinese assets and personnel, and there is a single-minded confidence that the corridor must be secured and will be secured. After all, the Pakistanis have given their word to Beijing.

“China is Pakistan’s only strategic friend…not even the Saudis get to have that privilege any longer” said a senior intelligence officer last month when China’s deputy intelligence chief, Dong Haizhou was promised “no hurdles for CPEC” by army chief General Raheel Sharif during a visit to GHQ, according to the military spokesperson’s office.

So, fuelled by the blank political cheque presented to the civilian and military security apparatus by popular support after the terrible Peshawar Army Public School massacre last December – which has granted the military, police and federal investigators unprecedented constitutional powers to clean house – whoever gets in the way of a CPEC-oriented Pakistan must move aside, or be pushed out. The purge is here, and the reasoning is to satisfy China.

Housekeeping

But this isn’t just the regular arrests and assassinations purge, the type that Pakistanis are used to. It’s more of a wide-ranging political rethink, a housekeeping exercise that runs from the south to the north, just like the corridor it is meant to pave. In Karachi and Sindh, the drive against ‘corrupt’ political parties like former president Asif Ali Zardari’s Pakistan Peoples Party has begun, which has forced him to take some respite and exit the country; also, that’s where the ‘violent’ wings of Karachi’s all-powerful Muttahida Qaumi Movement are being clipped, with some help from the BBC (which claims that India’s Research and Analysis Wing funded and trained the party’s militants) and British authorities (who are investigating the MQM’s leadership in London for murder and money laundering). Karachi, too violent and complicated to tackle alone, needed a pincer move to control it, and the Pakistanis have managed to find a partner here in the UK.

Continue reading With China, for China – As China arrives, Pakistan cleans house

PM Modi told China, Pakistan economic corridor unacceptable: Sushma Swaraj

New Delhi: Prime Minister Narendra Modi raised “very strongly” the issue of the China-Pakistan economic corridor during his visit to Beijing and told them that it is “unacceptable”, External Affairs Minister Sushma Swaraj said here on Sunday.

Answering queries at a press conference, she said the government had summoned the Chinese envoy over the $46 billion economic corridor that is to run through Pakistani Kashmir.

She said the Indian envoy in Beijing had also raised the issue. Chinese President Xi Jinping had announced the ambitious 3,000 km-long China-Pakistan Economic Corridor (CPEC) during his visit to Pakistan in April.

“Prime minster during his visit took up the issue very firmly and spoke very strongly that the CPEC going through PoK (Pakistan-occupied Kashmir) is unacceptable,” she said. – – IANS

News courtesy: Zee News
Read more » http://zeenews.india.com/news/india/pm-modi-told-china-pakistan-economic-corridor-unacceptable-sushma-swaraj_1605173.html

Sharif’s Growth Push Spurs Pakistan’s Biggest IPO in 8 Years

By 

Pakistan Prime Minister Nawaz Sharif’s push to build power plants, roads and rail links is prompting a local steelmaker to expand by selling shares in the nation’s biggest initial public offering in eight years.

Amreli Steels Ltd., the South Asian country’s biggest maker of steel bars used in construction, plans to raise as much as 4 billion rupees ($39 million) next month from the sale of 70 million new shares. The proceeds will help more than double its capacity to 450,000 tons from 200,000 tons, Amreli’s director Hadi Akberali said in an interview.

Continue reading Sharif’s Growth Push Spurs Pakistan’s Biggest IPO in 8 Years