CRSS China Watch – February 10, 2016

The Austrian ambassador to Pakistan Dr. Brigitta Blahau underlined that the Austrian delegates in Pakistan have been exploring investment opportunities, specifically linked to the China-Pakistan Economic Corridor (CPEC), as it hold great significance in the foreign policy of Austria. In an interactive session at Pakistan Institute of International Affairs (PIIA), she conveyed the Austrian inclination to invest more in Pakistan.[1]

Prime Minister Nawaz Sharif has diverted Rs. 20 billion, saved for other projects, to the road projects under the CPEC for the current financial year 2015-16. The Senate Standing Committee on Communication held a meeting with the Secretary Communication and Chairman National Highway Authority (NHA) Shahid Ashraf. It was notified by the committee that the government does not release funds in time even after its allocation. The committee also reported about the corruption in National Highways and Motorway Police (NH&MP) and urged the Prime Minister to look into this matter.[2]

[1] http://www.dailytimes.com.pk/sindh/10-Feb-2016/cpec-attracts-austrian-investment-in-pakistan

 

[2] http://www.brecorder.com/market-data/stocks-a-bonds/0/14394/china watch

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