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World Published 24 Sep, 2020 05:33pm

CPEC was never intended to become a passage from Xinjiang to Gwadar, claims report

  • The report highlights that Imran Khan had legitimate concerns about CPEC, and the impact it could potentially have on the country’s fragile debt-laden economy, which led to a gradual (and quiet) downscaling of the project as a whole.
  • The aspirations that once characterised the scheme have changed, with one Chinese official laying down the direction of CPEC as “moving from mega projects to peanut projects”.
CPEC was never intended to become a passage from Xinjiang to Gwadar, claims report
Currency Rate
USD PKR Interbank Selling / Sep 24
166.25
USD PKR Interbank Buying / Sep 24
166.15
USD to Japanese Yen / Sep 24
105.36
USD to Swiss Franc / Sep 24
0.92
Pound Sterling to USD / Sep 24
1.27
Euro to USD / Sep 24
1.17
Stock Volume
S&P 500 / Sep 24
3236.92
India Sensex / Sep 24
37668.42
Tokyo Nikkei / Sep 24
23346.49
Nasdaq / Sep 24
10632.98
Hang Seng / Sep 24
23346.49
FTSE 100 / Sep 24
5899.26
Dow Jones / Sep 24
26763.13
Germany DAX 30 / Sep 24
12642.97
France CAC40 / Sep 24
4802.26
Indicator Value
Weekly Foreign Reserves / Sep 24
19959.00
UK LIBOR % / Sep 24
0.08
GDPGROWTH / Sep 24
5.40
Foreign Debt (PKR billions) / Sep 24
15087.50
Per Capita Income USD (CPI) / Sep 24
1516.00
Average CPI % / Sep 24
11.11

Business

BR Research

FDI needs a jolt

Getting a theme or trend in foreign direct investment these days is difficult; the last few months have been chaotic...
Published 24 Sep, 2020 08:34am

Shahid Guccha elected central chairman of PYMA

  • As per the PYMA announcement, for Sindh and Balochistan region Muhammad Farhan Ashrafi was elected as vice-chairman, whereas, Kamran Ali Magon, was elected as vice-chairman for Punjab and KPK region.
Published 24 Sep, 2020 03:33pm

CNG stations closure extended as gas crisis persists

  • The shutdown of CNG in Sindh including Karachi has been extended for another 24 hours after which the CNG stations which were supposed to open today will now be open tomorrow at 8 am.
Published 24 Sep, 2020 02:47pm

BR Research

BR Research

Exporters’ energy woes

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown its dismay and surprise on the...
Published 23 Sep, 2020 07:39am
BR Research

Global trade: Not okay

Globalization and international merchandise trade is down as predicted by relevant watchers—and all signs indicate...
Published 23 Sep, 2020 07:38am

Pakistan

CPEC was never intended to become a passage from Xinjiang to Gwadar, claims report

  • The report highlights that Imran Khan had legitimate concerns about CPEC, and the impact it could potentially have on the country’s fragile debt-laden economy, which led to a gradual (and quiet) downscaling of the project as a whole.
  • The aspirations that once characterised the scheme have changed, with one Chinese official laying down the direction of CPEC as “moving from mega projects to peanut projects”.
Published 24 Sep, 2020 05:33pm

Rupee recovers 26 paisas against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 87 paisas and closed at Rs. 193.51 against the last day’s trading of Rs. 194.38.
Published 24 Sep, 2020 05:18pm

LHC extends Shehbaz Sharif's bail till Sept 28

  • Shehbaz’s counsel told the court that the National Accountability Bureau still wants to arrest his client when it has filed money laundering case against him
Published 24 Sep, 2020 04:13pm

Latest

Foreign delegates to visit LoC today

Foreign delegates to visit LoC today

  • A delegation of foreign diplomats and defense attaches of 24 countries will visit the LoC today.
  • Director-General Inter-Services Public Relations (DGISPR) Major General Iftikhar Babar will brief them on the current situation along the LoC.
Published 24 Sep, 2020 10:51am

World

CPEC was never intended to become a passage from Xinjiang to Gwadar, claims report

  • The report highlights that Imran Khan had legitimate concerns about CPEC, and the impact it could potentially have on the country’s fragile debt-laden economy, which led to a gradual (and quiet) downscaling of the project as a whole.
  • The aspirations that once characterised the scheme have changed, with one Chinese official laying down the direction of CPEC as “moving from mega projects to peanut projects”.
Published 24 Sep, 2020 05:33pm

Gilgit-Baltistan’s status

EDITORIAL: It seems the government and the opposition have reached a rare consensus (or at least near-consensus) on...

Lawyers’ moot

EDITORIAL: The conference on “Superior Judiciary, Accountability and Civil Liberties: Concerns and Corrections”...

Discount rate unchanged

EDITORIAL: The Monetary Policy Committee (MPC) decision to keep the policy rate unchanged at 7 percent has come as ...

United they stand

EDITORIAL: A multi-party conference (MPC) hosted by PPP Chairman Bilawal-Bhutto Zardari on Sunday proved to be more...

Save Sindh!

Save Sindh!
Sindh’s problems can only be resolved by carrying out deep rooted reforms which must include the accountability of those at the helm of affairs. Adhoc measures such as the announcement of relief packages cannot address Sindh’s issues on a long term basis in fact they can further aggravate the existing issues and not just that but the country’s fiscal problems can worsen.