Alpine

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2nd Issue
Newsletter
01 March 2017

AZERBAIJAN-PAKISTAN ENERGY PACT IN THE OFFING
Azerbaijan and Pakistan are likely to sign an inter-government agreement on cooperation in the field of energy. Azerbaijan offered to export crude oil,petroleum products liquefied natural gas (LNG) to Pakistan and expressed interest in constructing LNG terminal and LPG storage facility in a joint venture.
CPEC TO BE EXTENDED TO ECO MEMBER STATES
Pakistan will offer China Pakistan Economic Corridor (CPEC) extension to the member countries of the Economic Cooperation Organization (ECO). Most of the ECO countries have indicated their interest in availing CPEC facilities.
CHINESE KEEN TO DEVELOP SEZ ALONG CPEC ROUTE
Pakistan has proposed visiting Chinese investors to develop and manage a special economic zone (SEZ) either in collaboration with Board of Investment or independently. The SEZs along CPEC routes will have a natural advantage of backward and forward linkages and with the experience of Chinese side there is every possibility to maximize the advantage, stated by Secretary BoI while talking to a 24 member Chinese delegation.
37-NATION NAVAL EXERCISE DRAWS TO IMPRESSIVE FINISH
It was an impressive show of strength and unity in the North Arabian Sea as each ship which participated in the multinational Aman-2017 moved past in column formation at the conclusion of exercise. The dignitaries and the formation commanders of participating navies expressed their satisfaction on the three days exercise and lauded the strenuous efforts of all the participants including Pakistan. This exercise in collaboration with world’s leading navies is a manifestation of Pakistan’s policy of constructive engagement with the comity of nations for peace and stability in the maritime commons, as stated by PM of Pakistan.
 
CHINESE INVESTORS KEEN TO SET UP INDUSTRIAL PARKS
Chairman International Green Economy Association, Deng Jihai, while addressing business community at Islamabad Chamber of Commerce said that Chinese investors are keen to set up industrial park, power generation plants and joint ventures in many sectors in Pakistan. According to Deng, Chinese investors consider Pakistan as potential market for business and investment. He also said China is making imports of billions of dollars every year to meet the needs of its domestic industry and emphasized that Chinese investors should focus on enhancing imports from Pakistan to reduce the current bilateral trade imbalance.
 
PNSC SEEKS TO DIVERSIFY BUSINESS
PNSC (national flag carrier) is going to purchase three tankers at an estimated cost of $65 million. PNSC also plans to diversify its business by creating oil storage facilities for petroleum products. Ferry service from Karachi /Port Qasim to Gawadar/Chahbhar and other regional ports is also on cards.
 
BESTWAY PLANS TO BUY DEWAN CEMENT PLANT
The Bestway Group of UK has signed non-binding MoU with Dewan Cement for acquisition of their cement plant.
 
CORRIGENDUM - CARGO HANDLING
Alpine Marine cargo handling figures of 4.030 million tons published in previous volume relates to period Jan 16 to Jan 17.
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