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Editorial
I
Pakistan-China
Economic Corridor
Price: 250/-
The project is an important one and deserves proper stewardship, in both the
technical and political spheres. Bland assurances that the route remains
unchanged are clearly not enough.
The government needs to release further details about the many projects that are
being advanced under the umbrella of CPEC, and collect them all in one place
for ease of access.
If it has a case to make, it should step up and make it. But if it has no case in the
face of such a serious challenge to such an important venture, then it is
inevitable that people will ask whether the government can be trusted at all with
its stewardship.
MONTHLY
FEBRUARY 2015
ECONOMIC
Exclusive
Islam Karimov:
The truly Peoples President
CONTENTS
Page: 20
Blueprint of
Intelligence
Analysis
Page: 32
Dating Disasters
Apps are
Stealing Data
Presidency
US, Pakistan and India Not a love triangle 10
Democracy v Chimera Capitalism
12
16
17
Page: 14
LNG Import to
end gas crises
in Pakistan
maritime map
Pakistanis bought property worth 16bn
18
dirhams in Dubai
PSO Furnace oil shortage created
19
20
22
24
News in Brief
26
28
30
Page: 24
Canada's new
immigration
system
34
DISCLAIMER
Utmost care is taken to ensure that articles and other information published are up-to-date and accurate. Furthermore,
responsibility for any losses, damages or distress resulting from adherence to any information made available through the
contents is not the responsibility of the magazine. The opinions expressed are those of the authors and do not necessarily
APR 2014
COVER STORY
Economic Affairs
February 2015
www.economicaffairs.com.pk
February 2015
Economic Affairs
www.economicaffairs.com.pk
Chinese ports.
Physically,
the
corridor
is
a
2,700-Kilometre highway that stretches
from Kashghar to Gwadar through
Khunjrab. But in essence, these road and
rail links will further strengthen the
bond of brotherhood, as highlighted by
the two governments. China Pakistan
Economic Corridor from Kashgar to
Gwadar will integrate the economies of
the two friendly countries. The project is
establishing several economic zones and
physical links connecting Pakistan and
China. Both the countries believe that
this economic corridor will benefit new
emerging regional cooperation in South
Asia. This project is set out to transform
the future of the region, driven by
economy and energy, and the building of
pipelines and ports with roads rail
infrastructure.
On
November
2014,
Chinese
government announced that it will
finance Chinese companies to build
$45.6 billion worth of energy and
infrastructure projects in Pakistan as part
of CPEC. Documents show that China
has promised to invest around $33.8
billion in various energy projects and
$11.8 billion in infrastructure projects
which will be completed by 2017 at
most. The deal includes $622 million for
Gwadar port. Under the CPEC
agreement, $15.5 billion worth of coal,
wind, solar and hydro energy projects
will add 10,400 megawatts of energy to
Fle Photo
Economic Affairs
The China-Pakistan
Economic Corridor will
connect Gwadar Port in
southern Pakistan to
Chinas northwestern
autonomous region of
Xinjiang via highways,
railways and pipelines to
transport oil and gas.
Xinjiang, and strongly opposes any
policy of containment of China as Asia
cannot afford a New Cold War.
According to Director General,
Planning Commission, Syed Mujtaba
Hussain, Pakistan-China Economic
Corridor is strategically important for
both China and Pakistan keeping in
February 2015
As Pakistan decides to
change
the
Pak-China
Economic Corridor route by
cutting off restive areas
en-route to Gwadar port, the opposition
lawmakers from smaller provinces
warned the government that any change
in the proposed route of the
multibillion-dollar
Pakistan-China
Economic Corridor would jeopardise the
countrys territorial integrity.
POLITICS
Economic Affairs
REVIEW
which
Zardari-Gillani did excellently. From
the Indian perspective, it would be
wrong to trust Sharif, he said.
While Modi has got to work quite
quickly, Nawazs impotence as a premier
has never been more obvious. Devdan
Chaudhuri, author of Anatomy of Life,
from Kolkata explained, Modi has been
able to quickly erase the irrational fears
of a BJP led government and put
development back on the spotlight.
People, especially the youth, have found
a connection with his vision statements.
There is very little to be critical of Modi,
February 2015
10
India is a different
story, its a huge
market and a huge
country and it has to be
treated as an equal by
the US. We are not their
equals, we are beggars
complete with the
bowl, he added.
www.economicaffairs.com.pk
11
February 2015
Economic Affairs
Economic Affairs
POLITICS
February 2015
12
Democracy v Chimera
Decisions made by
Prime Minister Modi in
the coming days will
provide investment in
concepts which bolster
human potential.
Democracy provides
soft governance with
strong economic
indicators.
13
February 2015
Economic Affairs
Capitalism
U.S. President Barack Obama, center, and First Lady Michelle Obama walk with India's Prime Minister
Narendra Modi as they arrive in pouring rain to attend India's Republic Day parade in New Delhi.
www.economicaffairs.com.pk
Economic Affairs
ENERGY
February 2015
14
15
February 2015
Economic Affairs
The
CCE
also
approved
government-to-government
negotiations with Russia, Qatar and
China for the construction of the
North-South gas pipeline. This 42-inch
pipeline will be laid along the new
alignment of N-5. The committee was
also informed about setting up of a
3600MW power generation plant based
on Regassified LNG.
CNG sector directly imports LNG
The Compressed Natural Gas (CNG)
sector will directly import the Liquefied
Natural Gas (LNG) after which no
ENERGY
Economic Affairs
February 2015
16
17
February 2015
Economic Affairs
ECONOMY
www.economicaffairs.com.pk
Economic Affairs
ECONOMY
February 2015
18
Indians.
19
ENERGY
TERRORISM
Unimaginable kind of
terror
threat
faces
Pakistan today, in which
all sorts of soft targets,
from schools to streets are attacked. It is
inherently difficult to force out the
threat but what is really required is that
the government bring together all
elements of a credible plan to refine
thecentral
intelligence.
National
Counter Terrorism Authority (NACTA)
has to consider using forensic
behavioural analysis to their core of
intelligence make up. There is no single
central intelligence directorate in
Pakistan where there is a coming
together of intelligence gathering and
dissemination, no kind of coordination
at all. In this war against terror, we are
not dealing with a ghost enemy, it has a
shrewd morbid mental setup one that
needs to be countered by an effective
national action plan, not just mere words
on paper or spoken at press
conferences.This kind of work cannot be
left to the military authorities alone and
in such difficult times of public and
national security perhapsit would be
wise setting up the Behavioural Analysis
Unit in tandem with the Inter-Services
Intelligence Agency for the analysis of
crime and terrorism.
Economic Affairs
February 2015
20
Blueprint of
Intelligence
Analysis
21
February 2015
Economic Affairs
Economic Affairs
POLITICS
February 2015
22
Islam Karimov:
The truly Peoples
President
T
www.economicaffairs.com.pk
23
February 2015
Economic Affairs
Political and
Economic Stability
Democratic
renovation and
Liberalization
High Rates of
Economic Growth
and Modernization
www.economicaffairs.com.pk
Economic Affairs
WORLD
February 2015
24
Canada's
new immigration
system
residency.
25
February 2015
Economic Affairs
www.economicaffairs.com.pk
NEWS BULLETIN
Economic Affairs
February 2015
26
27
February 2015
Economic Affairs
Anti-smuggling
organisation seizes
Mark-X, Toyota Surf
The Anti-Smuggling Organisation has seized two vehicles
worth Rs 4.8 million in the City.
Official sources said that the vehicles, including Mark-X/2008
and Toyota Surf /2000, were seized as the owner had not paid
duty for both the vehicles.
The team after receiving information from Deputy Collector
Shafiqur Rahman and Superintendent MumtazAjmalMian
raided at Defense area. The team impounded Mark-X 2008 and
Toyota Surf as both the vehicles were defaulters worth Rs 3
million and Rs 1.8 million respectively. The customs authorities
have registered cases against the accused and confiscated the
vehicles.
51.7pc.
This drop in development surcharge is the outcome of blockade
of recovery of gas surcharge on the direction of the court. The
amount of Rs14.002bn was collected in the first couple of
months of this fiscal year until the courts suspended its
collection.
Likewise, the government earned Rs40.911bn as royalty on oil
and gas during July-Dec 2014-15 compared with Rs36.7bn in
the same period last year, an increase of 11.47per
cent.Thegovernment also collected Rs4.380bn as discount
retained on crude oil compared with Rs8.3bn in the same period
last year, a decline of 47.22pc.
The collection on account of Gas Infrastructure Development
Cess (GIDC) went up by 159.6pc to Rs15.578bn as against
Rs6bn over the corresponding period last year. And the windfall
levy on crude oil stood at Rs8.664bn.
In the first six months, the finance ministry said that total fiscal
deficit stood at Rs651.823bn because of Rs110.395bn cash
surplus provided by the four provincial governments. The fiscal
deficit was worked out at 2.2pc of GDP at the end of December
31, 2014 against Rs540bn, or 1.2pc, in the same period last year.
Austria to finance
Tarbela-5 project
Economic Affairs
ENVIRONMENT
February 2015
28
Protecting Chitrals
mountain valleys
from GLOF risks
Bird's eye view of cube-shaped safe haven
constructed in Bindo Gol Valley.
29
February 2015
Economic Affairs
Under
Bird's eye view of cube-shaped safe haven constructed in Bindo Gol Valley.
project,
Disaster
www.economicaffairs.com.pk
Economic Affairs
ENVIRONMENT
elting of glaciers in
Pakistan because of
global warming poses a
serious
threat
to
sustainability of river flows and
agriculture, which is mainstay of the
countrys economy.
The countrys glaciers are receding at an
alarming rate of almost 40 to 60 metres a
decade as a result of the rapidly changing
climatic conditions, according to Pakistan
Meteorological Department.
There are estimated 5240 glaciers spread
over 15041 square-kilometres in
Pakistans
north,
according
to
Kathamndu-based International Centre
for Integrated Mountain Development.
Due to rising temperatures, around 2420
glacial lakes have formed, 55 of which are
February 2015
30
www.economicaffairs.com.pk
31
February 2015
Economic Affairs
Economic Affairs
TECHNOLOGY
February 2015
32
Dating
Disasters:
Apps are
Stealing Data
www.economicaffairs.com.pk
33
February 2015
Economic Affairs
identified on the
at-risk dating apps
include cross site
scripting via man in
the middle, debug flag
enabled, weak random
number generator and
phishing via man in
the middle. When
these vulnerabilities
are
exploited
an
attacker
can
potentially use the
mobile device to
conduct attacks.
For example, hackers
could intercept cookies from the app via a
Wi-Fi connection or rogue access point,
and then tap into other device features
such as the camera, GPS, and
microphone that the app has permission
to access. They also could create a fake
login screen via the dating app to capture
the user's credentials, so when they try to
log into a website, the information is also
shared with the attacker.
What Can Enterprises Do?
Businesses need to be prepared to protect
themselves from vulnerable dating apps
active inside their infrastructure,
especially for BYOD scenarios. With
50% of organizations sampled for this
research having at least one of these
popular dating apps installed on
corporate-owned or personal mobile
devices used for work, businesses should:
Adopt the right protection.
Leverage
enterprise
mobility
management (EMM) offerings
with mobile threat management
(MTM) capabilities to enable
employees to utilize their own
devices while still maintaining the
security of the organization.
Define downloadable apps.
Allow employees to only download
applications from authorized app
stores such as Google Play, iTunes,
and the corporate app store.
Educate employees to know the
dangers of downloading third party
applications and what it means
when they grant that app specific
device permissions.
Immediately
communicate
potential threats. Set automated
policies on smartphones and tablets,