Iftar Timings Mar 29 - Ramazan 18

Lahore
LHR
06:20 PM
Karachi
KHI
06:47 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:31 PM
Quetta
QTA
06:49 PM

News

India allocates 13.9m for Chabahar Port

February 4, 2020 04:38 PM


The Indian government has allocated $13.9 million for the development of the strategic Chabahar Port in southeast Iran, according to India’s Hindustan Times.

India’s decision to more than double the outlay for developing the strategic Chabahar port in Iran in fiscal year 2020-21 signals the “government’s determination to push ahead” with the project after a “clear signal” from the US that it won’t be affected by sanctions, the report said.

The budget for the external affairs ministry unveiled on Saturday.

People familiar with developments said the delay was largely due to the reluctance of Indian and foreign firms to get involved in the development of Chabahar due to the potential impact of US sanctions imposed on Iran in 2018, the report said.

Iran, India and Afghanistan had signed a trilateral agreement to develop Chabahar in May 2016 during the visit of Prime Minister Narendra Modi and Afghan President Ashraf Ghani to Tehran.

On December 25, 2019, the United States gave written assurance to India that it would help facilitate global banks to fund the purchase of equipment worth $85 million to be established at Chabahar Port.



Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Sahiba meets her father for the first time Sahiba meets her father for the first time
  5. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  6. ‘Khaie's incredible ending receives rave reviews and big applause ‘Khaie's incredible ending receives rave reviews and big applause

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer