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Sino-Bangla expressway to bypass Dhaka

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DHAKA: A Chinese and Bangladeshi joint venture on Thursday signed a deal with the Bangladeshi government to build a mega expressway under the country’s first major public-private partnership (PPP) initiative.
Sichuan Road and Bridge (group) Co., Ltd has won the deal jointly with local Unique Dream Consultant and Shamim Enterprise Limited to construct the 48-km Dhaka Bypass Expressway.
The expressway, connecting Joydevpur, Debugram, Vulta, and Modonpur, will establish an easy link for the industrial belts around Dhaka with the seaport city Chattogram and northeastern Sylhet region bypassing the capital city.
According to the Asian Development Bank, the bypass road will help alleviate traffic congestion in the city center, enhance road network connectivity, meet economic/traffic growth targets, and reduce CO2 emissions and air pollution.
The expressway will help improve Bangladeshi transportation infrastructure, promote local economic development and increase local employment, and it has been a platform for exchanges between China and Bangladesh, said Yang Rugang, representative of the joint venture company.
“Together, we will strive to set a benchmark for highway construction in Bangladesh and make an important contribution to the construction and development of Dhaka city transportation system,” said Yang.

 

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Envoys briefed about Pulwama attack

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ISLAMABAD: Envoys from African & Shanghai Cooperation Organisation (SCO) member states have been briefed on Pakistan’s position apropos Pulwama attack here today.

Talking to the Envoys, Foreign Secretary Tehmina Janjua commented on New Delhi’s accusation and termed it a knee-jerk’ reaction: “deliberate anti-Pakistan frenzy is being spurred in India”, she said. 

Dr. Faisal held: “Baseless Indian allegations and aggressive rhetoric are counterproductive and a threat to regional peace”.

Foreign Office Spokesman took to the twitter to maintain: “Pakistan desires normalization of resolutions with Indian Prime Minister Imran Khan and after his inauguration. Pakistan will take two steps if India takes one for normalization of ties. India canceled the agreed meeting between two FMs on UNGA sidelines on baseless pretexts…India owes an explanation on reports of Adil Ahmed Dar’s arrest and custody since 2019. India needs to introspect and respond to questions about its security and intelligence lapses that led to this attack…” 

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7 militants dead in clash in N. Afghanistan

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Clash kills 10 militants in N. Afghanistan

MAIMANA: Seven militants were killed and four others injured as clash erupted in Garziwan district of Afghanistan’s northern Faryab province on Saturday, an army spokesman in the northern region Mohammad Hanif Rezai said.

According to the official, the clash erupted early morning after the militants attacked some security checkpoints, and security forces retaliated forcing the militants to flee after leaving seven bodies behind, and four others injured. There were no casualties on security personnel, the official said.

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Asian Bourse: Falling Yen lets Tokyo stocks open higher

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Tokyo stocks gain on bargain-hunting

TOKYO: Stocks here opened slightly higher today, underpinned by a lower yen and gains in US shares on optimism over US-China trade talks.
The benchmark Nikkei 225 index, which closed at a two-month high on Wednesday, added 0.18 percent or 37.77 points to 21,182.25 in early trade. The broader Topix index was up 0.23 percent or 3.67 points at 1,593.00. “Japanese stocks will likely test their rebounding power (from lows around the turn of the year) thanks to continued gains in US shares and the yen’s drop,” Okasan Online Securities said in a note.
The market is “prone to profit-taking out of caution” after the Nikkei rose more than 800 points in the past two days, it added. Wall Street stocks rose for a second straight session Wednesday with investors betting that talks this week in Beijing between the top US and Chinese officials will help avert new US tariff actions scheduled for 1st March.
The greenback was changing hands at 110.93 yen early Thursday, up from 110.61 yen when the Tokyo market closed the previous day. A lower yen is positive for Japanese exporters as it makes their products more competitive outside Japan and also inflates profits when repatriated. Nintendo rose 0.25 percent to 30,070 yen and Honda climbed 1.43 percent to 3,044 yen. But Nissan was down 0.23 percent at 936.1 yen ahead of new Renault boss Jean-Dominique Senard’s meeting with officials from the Japanese automaker.
Former Nissan chief Carlos Ghosn on Wednesday shook up his legal team as he vowed to vigorously defend himself against financial misconduct charges. Investor reactions were muted to Japan’s growth data, released early Thursday, which fell within market expectations. It showed the world’s third-largest economy expanded 0.3 percent in the final quarter of 2018 after taking a hit from a series of natural disasters earlier in the year.

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