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Posts published in “Day: June 7, 2017

Most wanted Canadian hiding in B’desh for 7 yrs

By Adil Sakhawat & Niloy Alam in Dhaka Tribune, June 7, 2017 A Bangladeshi-born Canadian citizen, who is wanted in Canada and on the red list of Interpol for advocating genocide and promoting hate crimes, has been living in Dhaka for the past seven years. He is wanted for two counts of advocating genocide, the first in the history of Canada and three counts of promoting hatred, according to the National Post, a Canadian news…

Pak shelves $1.6 bn Iran Pipeline project:

by Khalid Mustafa in The News, June 7, 2017 ISLAMABAD: The government has virtually put in the cold storage the much-touted $1.6 billion strategic and paramount IP project in favour of Gwadar-Nawabshah LNG terminal & Pipeline Project (GNGP), which the incumbent regime had kicked off, top official sources told The News. Under GNGP, gas pipeline of 700 kilometres was to be laid down and two LNG terminals were to be constructed at the Gwadar Port.…

China likely to build base in Pakistan : Report

WASHINGTON: A Pentagon report released on Tuesday singled out Pakistan as a possible location for a future Chinese military base, as it forecast that Beijing would likely build more bases overseas after establishing a facility in the African nation of Djibouti. The prediction came in a 97-page annual report to Congress that saw advances throughout the Chinese military in 2016, funded by robust defense spending that the Pentagon estimated exceeded $180 billion. That is higher…

Protest against outages keeps Gwadar shut

Report in Dawn, June 7th, 2017 GWADAR: The port city of Gwadar remained shut against long and unannounced power outages amid extremely hot weather and shortage of drinking water on Tuesday. The shutterdown strike call was given by the leaders of all political parties and traders of Gwadar as a result of which the city came to a grinding halt. All bazaars, shops, business centres, markets and shopping plazas remained closed against unannounced outages and…

CPEC – Care needed: op-ed

by Dr Kamal Monnoo in The Nation,June 07, 2017 The writer is an entrepreneur and economic analyst. World economy faces uncertainties and pessimism in 2017 over a series of “black swan” moments like Brexit and Donald Trump’s election in 2016 on a protectionist agenda. Mr. Trump’s recent move of pulling USA out of the Paris Climate Deal adds to this uncertainty, which in-turn creates a vacuum of global leadership that presents ripe opportunities to allies…

Chinese shy away from buying industrial land in Karachi

by Aamir Shafaat Khan in Dawn, June 7, 2017 KARACHI: Chinese investors have not shown any interest so far in acquiring land in old industrial areas of Karachi including the Sindh Industrial and Trading Estate (Site). Though Chinese are investing in the auto sector, they do not appear particularly keen on setting up manufacturing plants in other sectors. Market watchers consider the cost of industrial plots as one of the factors discouraging Chinese investment in…

Pak Businessman swindles Chinese partner: Report in The Express Tribune, June 7, 2017

ISLAMABAD: Police in the capital has booked a businessman after his Chinese partner lodged a complaint that he had allegedly illegally booted him out. Liu Xiaolong told the Kohsar police that he had signed a five-year agreement with Ishtiaq Ali last December whereby Xiaolong could use the third floor of a building in Sector F-7 Markaz as a hotel. The Chinese national added that per their agreement, they would share the profit evenly. Xiaolong added…