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Page 486 - சீனா பாக்கிஸ்தான் பொருளாதார தாழ்வாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China s inroads into the Pakistani economy

China’s inroads into the Pakistani economy - opinion Sun Online Desk 11th April, 2021 08:44:03 While the Pakistani president and foreign minister visited China at the height of pandemic in March 2020, the scheduled visit of Chinese President Xi Xinping to Pakistan was deferred several times. Getting the CPEC (China-Pakistan Economic Corridor) Authority law passed high handedly in the National Assembly in February 2021 has made the Pakistan government’s position more embarrassing as lack of progress on the mega- project has come under increased scrutiny in the eyes of media and public. The subtle signs of unease between the two countries over the future direction and subsequent funding of CPEC projects had already started surfacing earlier especially after the outbreak of the COVID-19 pandemic. 

No smooth sailing in Senate

No smooth sailing in Senate National April 11, 2021 ISLAMABAD: Only seven government bills are pending in the Senate where the Pakistan Tehreek-e-Insaf (PTI) plans to conduct aggressive legislation after its numerical strength improved following the March election to half of the upper house. However, despite its greater strength, the ruling coalition is not likely to enjoy smooth sailing in the Senate. An indication of this came when a resolution sponsored by an opposition senator was recently passed, defeating the government that opposed it. The motion related to the prices of COVID-19 vaccines being provided to the people on a commercial basis.

Rogue interests

Rogue interests April 11, 2021 LAHORE: There is no denying Pakistan’s economic woes are of its own making mainly because its ruler’s interests always precede the nation’s. Pakistan is a highly resilient nation. We were distinguished by the World Bank as the country that had never posted negative growth under the severest economic crisis- the distinction we lost by posting negative growth last year. That proved that even resilience has a limit. Each government that assumes power comes up with its own economic agenda. There is no consistency in policies. Each government tries to find out the faults in the previous regime. They commit the same mistakes during their tenure. One thing common in almost all governments has been nepotism, awarding permissions and contracts to the favoured ones. All keep bureaucrats under pressure through frequent postings and transfers. The development funds are distributed among the public representatives belonging to the ruling party to carry o

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