‘CPEC not a debt trap’
Islamabad
March 12, 2021
Islamabad: China-Pakistan Economic Corridor (CPEC) is not a debt trap as all projects in the energy sector are investments and loans constitute only a small proportion of the overall CPEC portfolio, said Dr Ishrat Hussain, adviser to the Prime Minister on Institutional Reforms and Austerity.
Dr Ishrat was speaking at a seminar on ‘Upscaling the economic activities of CPEC: opportunities and challenges,’organised by Institute of Regional Studies here.
Dr Ishrat said that the Chinese loans were on concessional rates of 2.34 per cent. He observed that completed CPEC energy projects had already added 5,320 MW to the power generation capacity in Pakistan with an investment of $7.9 billion. He added that a capacity of 4,440 MW would be added through an investment of another $9.55 billion. He said that the total tally of all projects under CPEC was around $52 billion. He added that plans for upgrading the transmission and distri
Inter-Pacific Petroleum Judicial Managers File Winding-Up Application
by Ship & Bunker News Team
Friday March 12, 2021 The judicial managers of former
Singapore bunker supplier Judicial managers February 24, according to a notice published in Singapore s
Government Gazette on Thursday. High Court on
March 25. Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose, according to the notice. Named as the country s
26th biggest player by volume for
2018, IPP in July 2019 had its bunker craft operator licence suspended and then cancelled as part of
India: Proposals against new attempts to privatise state-owned banks 11 March by
Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press such as the
Financial Times. [1] These canards are aimed at accelerating the privatisation drive underway since the 1990s. Critics of the public sector argue that the banks would be much more efficient and serve public interest better if they were fully privatised. The fact that there is a series of scams about the misuse of bank funds for the benefit of big Indian capitalists adds fuel to this campaign. What is the real story?
Unemployment benefits and direct payments have replaced paychecks in the income ledger.
For many, that aid is still not enough, and food and rental assistance as well as protections against eviction have also been necessary to keep families afloat.
Fortunately, more of that relief is now on the way. President Joe Biden signed into law a $1.9 trillion stimulus package on Thursday.
Here s the aid you can expect to soon see and how experts recommend that you best put it to use.
1. Unemployment benefits
Jobless benefits will be extended until Sept. 6, with a $300 federal boost on top of any state benefits. The average weekly state check is around $324.