Islamabad twice got into the US block (1979 & 2001) and attained few short-term gains.The much-touted CPEC, worth US $62 billion and 3,200 km long, passes through the great Himalayan range, followed by the plain turf of Punjab and dusty Baloch terrain, finally reaching the Arabian Sea via Gwadar port. Furthermore, because of its strategic location, Gwadar poses a serious challenge to the nearby ports e.The mammoth land and maritime initiative has already revitalised the Sino-Pak relationship, which earlier was pegged on political and strategic cooperation. The foreigners that Pakistanis interact with most on a daily basis now are the Chinese. Current PM Shahid Khaqan Abbasi said the corridor is a game changer not only for Pakistan but the entire region.Furthermore, China is shaping up Gwadar, a key port defined in the Long Term Plan (LTP), rapidly, since the port would translate its hefty economic ambitions into reality.More than 90,000 Chinese citizens have visited Pakistan after 2013.Former Prime Minister Nawaz Sharif, in August 2016, described CPEC as “not only a game changer, but a fate changer as well”. PERT/PEX Pipes Suppliers Huashang staff includes both Chinese and Pakistani journalists and is widely circulated in Lahore, Islamabad and Karachi.
Oman and Dubai, thus translating Pakistan’s potential of becoming strategic trade gateway. Likewise, the residents of port city Gwadar also are uncertain and see China as the real gainer, not Pakistan. To this end, it has injected an amount that is four and half times the total US economic aid to Pakistan since 9/11, and is more than twice the amount of all foreign direct investment (FDI) Pakistan has received since 2008. This time around, it is ecstatic over the new partnership with Beijing and satisfied to be a transit route for the ‘dragon of the north’.g. Thirty two months after the EHP was launched, it added 10,400 MW electricity to the national grid, addressing the country’s energy woes.The enthusiasm embedded with CPEC is pretty understandable since Pakistan has the habit of enjoying provisional feats, courtesy external support.While Pakistan is a vital part of the proposal to connect millions of people in Asia, Africa and Europe, what happens to the local economy when all roads lead to Beijing? Pakistan certainly can get benefits emanating from CPEC, but the challenges and questions of local labour, traders, environment, and security have all been put on hold. A renowned local media group called Jang/Geo also added the Chinese language on its website, making it the only media website in Pakistan with this option.
Not a single day passes in Pakistan without someone from the ruling elite hailing the China-Pakistan Economic Corridor (CPEC) as a ‘game changer’ and an initiative of prosperity and development.The author teaches International Relations in University of Gujrat, Sialkot Campus, Pakistan. Gwadar port, currently developed for commercial gains, may well become a second line of defence for Pakistan after Karachi.The port could also witness Chinese naval footprints soon as already two Chinese ships are deployed near Gwadar for CPEC route security. The two-day CPEC Cultural Caravan festival included film screenings, a fashion and textile show, book launch, handicrafts display, and cultural cuisine, with an ambition to knot the two completely divergent cultures.Last year, a bilingual newspaper called Huashang Weekly launched with 5,000 copies, and publication reached 60,000 readers. Successful materialisation of the scheme would provide China an alternative route for its quest to the Middle East and beyond, thereby bypassing the vulnerable Strait of Malacca and southern tip of Indian Ocean. Today, with special emphasis on the Early Harvest Programme (EHP), power outage has been reduced to minimal levels as compared to 2013.For Beijing, a stable Pakistan would be best for its extended regional interest. A 2016 report by the Senate Defence Committee noted the naval base is “a significant addition to our maritime infrastructure”, but that it is “primarily a commercial venture [that] affords substantial operational flexibility to the navy”. Beijing will finance, provide technical assistance, and build several infrastructural projects ranging from road network to railways, highways, oil pipelines, communication networks, and energy plants. Please subscribehere.
The top take from CPEC would be to connect landlocked Kashgar city with the warm water of the Arabian Sea.The energy sector gets the lion share ($33 billion) of the Chinese investment. He tweets @DaimFazilThePrint’s YouTube channel is now active and buzzing.Pakistan hopes that the massive inflow of Chinese money coupled with technological assistance would inject optimism into the underperforming economy, and help it come out of international isolation.As long as it receives benefits through association, Pakistan doesn’t care if China is using it as a transit route in the CPEC. With the arrival of this large number of Chinese visitors, the parliament recently passed a resolution “recommending” Chinese-language courses to be taught in Pakistan.Baloch nationalists, however, are wary that the gigantic project would benefit only Punjab.Pakistan’s Vision 2025, the blueprint of economic development that was unveiled in 2014, aims to convert it from a lower-middle-income nation to an upper-middle-income nation by 2025 through the CPEC push.But CPEC is not just a commercial project; it serves defence and strategic objectives of China and Pakistan alike.To enrich the linkages between Beijing and Islamabad, a festival showcasing arguably the first cultural exchange between the two sides just concluded in Pakistan.18Shares. China, after financing 80 per cent of the port’s initial development, has recently taken operational control for 40 years, turning it into a regional giant
Islamabad twice got into the US block (1979 & 2001) and attained few short-term gains.The much-touted CPEC, worth US $62 billion and 3,200 km long, passes through the great Himalayan range, followed by the plain turf of Punjab and dusty Baloch terrain, finally reaching the Arabian Sea via Gwadar port. Furthermore, because of its strategic location, Gwadar poses a serious challenge to the nearby ports e.The mammoth land and maritime initiative has already revitalised the Sino-Pak relationship, which earlier was pegged on political and strategic cooperation. The foreigners that Pakistanis interact with most on a daily basis now are the Chinese. Current PM Shahid Khaqan Abbasi said the corridor is a game changer not only for Pakistan but the entire region.Furthermore, China is shaping up Gwadar, a key port defined in the Long Term Plan (LTP), rapidly, since the port would translate its hefty economic ambitions into reality.More than 90,000 Chinese citizens have visited Pakistan after 2013.Former Prime Minister Nawaz Sharif, in August 2016, described CPEC as “not only a game changer, but a fate changer as well”. PERT/PEX Pipes Suppliers Huashang staff includes both Chinese and Pakistani journalists and is widely circulated in Lahore, Islamabad and Karachi.
Oman and Dubai, thus translating Pakistan’s potential of becoming strategic trade gateway. Likewise, the residents of port city Gwadar also are uncertain and see China as the real gainer, not Pakistan. To this end, it has injected an amount that is four and half times the total US economic aid to Pakistan since 9/11, and is more than twice the amount of all foreign direct investment (FDI) Pakistan has received since 2008. This time around, it is ecstatic over the new partnership with Beijing and satisfied to be a transit route for the ‘dragon of the north’.g. Thirty two months after the EHP was launched, it added 10,400 MW electricity to the national grid, addressing the country’s energy woes.The enthusiasm embedded with CPEC is pretty understandable since Pakistan has the habit of enjoying provisional feats, courtesy external support.While Pakistan is a vital part of the proposal to connect millions of people in Asia, Africa and Europe, what happens to the local economy when all roads lead to Beijing? Pakistan certainly can get benefits emanating from CPEC, but the challenges and questions of local labour, traders, environment, and security have all been put on hold. A renowned local media group called Jang/Geo also added the Chinese language on its website, making it the only media website in Pakistan with this option.Not a single day passes in Pakistan without someone from the ruling elite hailing the China-Pakistan Economic Corridor (CPEC) as a ‘game changer’ and an initiative of prosperity and development.
The author teaches International Relations in University of Gujrat, Sialkot Campus, Pakistan. Gwadar port, currently developed for commercial gains, may well become a second line of defence for Pakistan after Karachi.The port could also witness Chinese naval footprints soon as already two Chinese ships are deployed near Gwadar for CPEC route security. The two-day CPEC Cultural Caravan festival included film screenings, a fashion and textile show, book launch, handicrafts display, and cultural cuisine, with an ambition to knot the two completely divergent cultures.Last year, a bilingual newspaper called Huashang Weekly launched with 5,000 copies, and publication reached 60,000 readers. Successful materialisation of the scheme would provide China an alternative route for its quest to the Middle East and beyond, thereby bypassing the vulnerable Strait of Malacca and southern tip of Indian Ocean. Today, with special emphasis on the Early Harvest Programme (EHP), power outage has been reduced to minimal levels as compared to 2013.For Beijing, a stable Pakistan would be best for its extended regional interest. A 2016 report by the Senate Defence Committee noted the naval base is “a significant addition to our maritime infrastructure”, but that it is “primarily a commercial venture [that] affords substantial operational flexibility to the navy”. Beijing will finance, provide technical assistance, and build several infrastructural projects ranging from road network to railways, highways, oil pipelines, communication networks, and energy plants. Please subscribehere.
The top take from CPEC would be to connect landlocked Kashgar city with the warm water of the Arabian Sea.The energy sector gets the lion share ($33 billion) of the Chinese investment. He tweets @DaimFazilThePrint’s YouTube channel is now active and buzzing.Pakistan hopes that the massive inflow of Chinese money coupled with technological assistance would inject optimism into the underperforming economy, and help it come out of international isolation.As long as it receives benefits through association, Pakistan doesn’t care if China is using it as a transit route in the CPEC. With the arrival of this large number of Chinese visitors, the parliament recently passed a resolution “recommending” Chinese-language courses to be taught in Pakistan.Baloch nationalists, however, are wary that the gigantic project would benefit only Punjab.Pakistan’s Vision 2025, the blueprint of economic development that was unveiled in 2014, aims to convert it from a lower-middle-income nation to an upper-middle-income nation by 2025 through the CPEC push.But CPEC is not just a commercial project; it serves defence and strategic objectives of China and Pakistan alike.To enrich the linkages between Beijing and Islamabad, a festival showcasing arguably the first cultural exchange between the two sides just concluded in Pakistan.18Shares. China, after financing 80 per cent of the port’s initial development, has recently taken operational control for 40 years, turning it into a regional giant
S. “Now it is not clear what will happen.Glaxo, the biggest player in the field, said last year it would carry out a review of its cephalosporins antibiotics business and may look at selling the operations. “We’re at a point now where resistance is moving a lot faster than our ability to provide new antibiotics. Novartis, Glaxo and other companies pledged at the World Economic Forum in 2016 to fight the threat of drug-resistant bacteria.4 billion on antibiotics leader Cubist in 2014. “This is where the biotechs have to pick up the slack. GlaxoSmithKline Plc has put some antibiotics assets under review. The fund has received more than 50 investment proposals from Europe and will probably make its first investment by the end of the year, Kutay said. Sales of new antibiotics are too low for big pharma to recoup its investments, and public measures to encourage more activity aren’t moving the needle. Merck & Co.“The market is broken,” said David Shlaes, a former pharmaceutical executive and consultant. If it follows recent precedent, it may wind up handing its assets to a much smaller company. In the U. Please subscribehere.S. The U.The problem for drugmakers is that new antibiotics are usually held in reserve and are not used unless they’re needed because patients develop resistance to an older medicine.
Novartis AG is the latest drug giant to end antibacterial and antiviral research, joining the likes of AstraZeneca Plc, Sanofi, Allergan Plc and Medicines Co. Ltd. Only five of the 16 brand-name antimicrobials approved from 2000 through last year were able to generate sales of more than $100 million annually, according to a study from Duke University’s Margolis Center for Health Policy. are working on their own new antibiotics too.3Shares.Merck, the U. spent $8.“Novartis pulling out makes us a little worried, because they had a relatively large pipeline” of new antibiotics, Breugelmans said.The pullback revives concern about a world in which routine infections again become lethal as bugs develop resistance to existing drugs.The fight against life-threatening infections suffered another blow when one of the world’s biggest drugmakers waved the white flag.Not SellingBut the new antibiotics just haven’t sold. “In the commercial model of Evotec, a 200 million-euro ($234 million) product that you co-develop with someone can make sense. report, governments are considering more aid. And in India, where superbugs kill nearly 60,000 newborns every year, the government has provided early research funding to homegrown startups including Bugworks Research India Pvt.
Congress is considering legislation that proposes an exclusivity voucher for companies that develop badly needed new antibiotics China Brass Ball Valves Series Suppliers a voucher that can be transferred to another # product or sold.”No one can make a business case for antibiotics without long-term public support, Lanthaler said. As other drugmakers have exited antibiotics, they’ve hived off their assets to biotechs willing to assume a higher risk.Meanwhile, developing new antibiotics is becoming more expensive, said Gabrielle Breugelmans, director of research for the Access to Medicine Foundation. This is just another in a long string of really bad news.“We think the tide may be turning from a scientific, as well as a regulatory and pricing, perspective,” said Kasim Kutay, CEO of Novo Holdings A/S in Denmark, which launched a $165 million fund in February to combat antimicrobial resistance. So did Roche Holding AG, the Swiss cancer specialist, which also has a pipeline of antibiotics.”Novartis, which announced its retreat from antibiotics research on Wednesday, said it’ll look for partners for its experimental drugs. and Paratek Pharmaceuticals Inc.
The company says it has an experimental antibiotic in late-stage development and there’s a need for “creative ways to incentivize and reward new research and development in antibiotics. That’s a pittance compared with the billions of dollars for new cancer treatments. Medicines Co.10 MillionFaced with the prospect of drug-resistant bacteria killing 10 million people a year by 2050, according to a U.” – BloombergThePrint’s YouTube channel is now active and buzzing.“Anti-infectives in the blockbuster race of Big Pharma don’t make sense,” said Werner Lanthaler, chief executive officer of Germany’s Evotec AG, which took over Sanofi’s portfolio this year. Biotechs including Achaogen Inc. sold its portfolio to Melinta Therapeutics, Inc.”The departure of some big drugmakers such as Novartis “hopefully is going to add pressure to find ways to correct some market failings,” said Graham Lumsden, CEO of Motif Bio Plc, whose experimental antibiotic Iclaprim is under regulatory review in the U. Even the most expensive antibiotics, at around $1,000 a day, are cheap compared with a cancer medicine that will be given for months instead of a few days or weeks. government offered longer patent protection and subsidies, potentially worth hundreds of millions of dollars, to companies willing to invest.S. drugmaker that bought Cubist, said it’s committed to its antimicrobial research., while AstraZeneca spun out its research to a standalone company called Entasis Therapeutics before selling the rest of its antibiotics unit to Pfizer.S.”The latest retreat comes after a brief period when industry leaders appeared willing to take a risk on the field. The roughly 275 research projects going on around the world might yield two or three medicines, she said
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as the market braces for the loss of Iranian supplies because of US sanctions. “In my view, that makes it conceivable to see a price spike north of $100 a barrel. also flagged the possibility of triple-digit crude prices in a 24 Sept research note.Citigroup Inc.”Brent crude, the benchmark for more than half the world’s oil, was trading up While Citi is pricing in Brent (ICE) crude at around $80 for the quarter ahead, balances are precarious and the lack of spare capacity could see crude pricing well above.
or even $100 should all of the potential risk in the market materialise,” analysts including Ed Morse said in the note.6 per cent at $80. the world’s most valuable firms and spurred investment in risky billion-dollar oil projects. The biggest source of new global supply, US shale, is also experiencing growing pains as pipeline bottlenecks and workforce issues may hamper growth, he said.02 a barrel at 1:34 p.“It’s going to be significantly less than it was, and probably lower than most people expected when the sanctions were announced &China PPR Fittings Suppliers8212; hence the higher prices,” Luckock said at the APPEC event.m. –BloombergThePrint’s YouTube channel is now active and buzzing. It could prompt Washington to consider extraordinary measures, including the use of the Strategic Petroleum Reserve, to cool down fuel prices ahead of the US mid-term elections.
The market does not have the supply response for a potential disappearance of 2 million barrels a day in the fourth quarter,” Jaeggi said in a speech at the S&P Global Platts Asia Pacific Petroleum Conference (APPEC) in Singapore. However, the consensus has now moved to as much as 1.Key TakeawaysSuch a price rally would mark the first time since the summer of 2014 that oil would return to the $100-a-barrel level that became the norm in the early part of this decade.Mercuria Energy Group Ltd. Trafigura Group co-head of oil trading Ben Luckock sees $90 oil by Christmas and $100 in early 2019. Such prices made oil companies like Exxon Mobil Corp. Singapore time. Please subscribehere.In addition to US sanctions cutting Iranian supply, the world is also dealing with a decline in Venezuelan oil production due to an economic crisis in the Latin American nation, according to Trafigura’s Luckock.
The Iranian market doesn’t have much capacity left to replace more than 2 million barrels a day of exports that could be lost to sanctions. co-founder Daniel Jaeggi said prices may spike to over $100 a barrel in the fourth quarter because the market doesn’t have much capacity left to replace more than 2 million barrels a day of Iranian exports that could be lost to sanctions.5 million barrels daily as the US is “incredibly serious” about its measures, he said.When Trump in May announced plans to reimpose sanctions on Iran’s oil exports, the market estimated a cut of about # 300,000 to 700,000 barrels a day, according to Trafigura’s Luckock. The talk of $100 crude comes just hours after OPEC and its allies rebuffed pressure from US President Donald Trump to immediately boost production to lower oil prices
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