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Government takes credit for “exceptional growth” in Oil and Gas sector

News Analysis | The Prime Minister Shahid Khaqan Abbasi, on Wednesday, overwhelmingly praised the government for making exceptional growth in the Oil and Gas sector during last...

Railway Ministry demands Rs. 73 Billion for “Development” ahead of budget...

News Analysis | The Ministry of Railways has demanded Rs 73 billion for ongoing and new projects in the next Public Sector Development Programme (PSDP)...

NAB files references against three retired Generals and a Brigadier in...

News Analysis | The National Accountability Bureau (NAB) has filed corruption references against the former high ranked Army officers over a land deal in Lahore...

New bus service giving Daewoo a tough time

News Analysis | More and more bus services in Pakistan are competing against Daewoo style of luxury services. With the decline of Railway services, bus...

Railway tracks being repaired 11 years after Benazir’s assassination riots

News Desk | In a controversial move, the Government has decided to raise the cost of the 11-year old rehabilitation project of the railways infrastructure...

CPEC: A Chinese Vision Since 2005

Saeed Afridi | China’s rise has been attributed to the successful implementation of its ‘Dual Track’ transition policy based on gradual, incremental and near-constant reform of its economic sector in conjunction with Five Year Plans. The is Dual Track policy emphasised on social and economic reform; without any corresponding political reform. It started under Deng Xiaoping post-1976, based on the Zhou Enlai’s “Four Modernisation Plan” and has seen additional changes with every Five Year Plan (FYP). The National Development and Reform Commission of the People’s Republic of China (NDRC) has played an instrumental role in China’s development through these Five Year Plans. China’s Regions and Economic Development Economic and social reforms proposed by the NDRC in its 5th and 6th FYPs, from 1978 till 1984, have formed the bedrock of subsequent economic development. China was divided into three zones, Coastal, Central and Western. The coastal zone became the immediate focus of economic reforms through “Special Economic Zones”, and an “Open Door” policy to attract foreign direct investment (FDI) and creating internal economic corridors. An initiative that links CPEC, BCIMEC and CCWAEC with the Gulf Cooperation Council (GCC) should have been, and now must be, the crux of Pakistan’s regional economic goals, much like Kazakhstan’s efforts. The 7th and 8th FYPs (1984-1993) built upon this success by introducing internal market reforms and began China’s transformation into a localised Socialist market economy while Jian Zemin’s subsequent 9th and 10th FYPs went further and introduced large-scale privatisation within provinces, an expansion of successful policies into the Central Region and laying the groundwork for future expansion within the Western Region. By 2006, the rapid economic development of the Coastal and Central regions had created a huge disparity in the economic and social well being within China. The focus since the 11th and 12th FYPs has been the re-orientation of China’s “Dual Track” reform towards China’s Western region. The development of China’s Western Region as an economic zone required access to economically advantageous primary resources and the development of market access for the export of goods.

“Deeply Sorry”: Japanese railway authority apologises after train leaves 20 seconds...

AFP | A Japanese railway operator has issued a deep apology for the "tremendous nuisance" caused by a train departing 20 seconds early, surprising even...

Khawaja Saad rejects ‘Minus Nawaz’ formula as PMN-L decides future plan

News Analysis | PML-N leader Khwaja Saad Rafique dismissed the notions of a “Minus Nawaz” formula in the coming times. His statements come at the...

Restoration of peaceful life in Syria

Sophie Mangal | According to the statements of local authorities, Zabadani resort town in Damascus province, which is located 25 kilometers from the Syrian capital,...

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