Tag Archives: grant

China converts Rs 23b Gwadar Airport loan into grant

BY

Gearing up its entry into the coastal city of Gwadar, China has informed Pakistan about converting Rs 23 billion loan for the Gwadar International Airport into a grant and making loan of Rs 13.5 billion for the Gwadar East Bay Expressway free from any interest.

A top official source said the concessions were granted by China as she wanted to initiate work on both the major infrastructure projects by November this year to complete them by December 2017. These two major mega development projects are attributed as the catalyst for enhancing investment and development in Gwadar.

The new Gwadar airport will be a most modern airport of international standard to cater to the requirements of a bustling industrial commercial city. It will become a major hub for international flights operating in the region.

While the East Bay Expressway will facilitate the quick offloading of the ships and supplying goods for upcountry movement, an estimated 150,000 new jobs are estimated to be created in near future in the logistics sector alone due to the corridor project.

The federal government was already doing tendering process for these two projects but the pace was slow due to the required legal formalities. Since now China has taken up the responsibility for financing, things are expected to move at a much faster pace, the source said.

Chinese expect that after the completion of these two projects, investors will make a bee line for investment in Gwadar. The provincial government of Baluchistan is also working on the special economic zones and industrial parks in Gwadar. The city is expected to face a huge rush of people within the next three years due to the number of employment and business opportunities.

Read more » Pakistan Today
See more » http://www.pakistantoday.com.pk/2015/08/27/business/china-converts-rs-23b-gwadar-airport-loan-into-grant/

Killing OBL & US citizenship for Dr Shakil Afridi, says congressman

US citizenship for Dr Shakil Afridi, says congressman

By Huma Imtiaz

WASHINGTON: A United States (US) Congressman has submitted a bill to the House of Representatives asking to grant US citizenship to Dr Shakil Afridi, the doctor who provided vital help to the US in finding Osama bin Laden in Abbottabad.

The bill submitted by Congressman Dana Rohrabacher on Friday, called for Dr Afridi to be deemed “a naturalized citizen of the United States.”

In his speech in Congress, Rohrabacher, who is also the Chair of the House Foreign Affairs Subcommittee on Oversight, said, “Pakistan’s Inquiry Commission on the Abbottabad Operation, the US mission which killed bin Laden, has recommended that Dr Afridi be tried for treason for helping the US. If convicted, he could be executed. My bill would grant him US citizenship and send a direct and powerful message to those in the Pakistani government and military who protected the mastermind of 9/11 for all those years and who are now seeking retribution on those who helped to execute bin Laden.”

Rohrabacher cited media reports that Dr Afridi’s wife, an American citizen of Pakistani origin was also missing. “This bill shows the world that America does not abandon its friends,”  adding that 21 members of Congress had endorsed the bill as well.

The bill, which was referred to the Committee on Judiciary, comes after US Secretary of Defense Leon Panetta said in an interview last week that Dr Afridi had provided key intelligence that led to the raid in Abbottabad.

Media reports had earlier said that Dr Afridi had organized a polio vaccination campaign in the city for the Central Intelligence Agency, in order to collect DNA sample to prove that the al Qaeda leader was present in the Abbottabad compound.

Courtesy: The Express Tribune

http://tribune.com.pk/story/332342/us-citizenship-for-dr-shakil-afridi-says-us-congressman/