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Exclusive Economic Zone & UNCLOS States Exclusive Economic Zones (EEZ) extend no more than 200 nautical miles from the territorial sea baseline and is adjacent to the 12 nautical mile territorial sea. The Part V Article 55 of the United Nations Convention on the Law of the Sea (UNCLOS) defines the EEZ as: “The exclusive
Loan for Hambantota Port The Port of Colombo is located near the route between the Strait of Malacca and the Suez Canal, which is one of the busiest shipping lanes in the world. Around 36,000 vessels pass annually on this key corridor between Asia and Europe, including about 4,500 tankers. As the Port of Colombo has been
By Nadir Mumtaz Coastal Province of Balochistan & Reko Diq Copper Gold Project The province of Balochistan covers almost 44% of the country in term of area yet the population is only 5% of Pakistan’s population. Its potential natural resources are still geologically undiscovered. Alarmingly net foreign direct investment in Pakistan dipped by 2.9%
National Electric Power Regulatory Authority (Nepra) approved coal price adjustment mechanism in the determination of coal upfront in 2014 leaving a caveat for review proceedings to consider potential fresh indices contingent on the formula of country of origin, calorific value, marine freight calculation revolving around time chartering rates and bunker fuel rate Echoing the views
Costly Exports An analysis has been made of one of the factors which is a significant constituent of the costs involved in exports of Pakistan. This significant factor is electricity and cost of its generation. Pakistan relies heavily on thermal sources for its electricity and a high cost of electricity will negatively impact upon the
International Seabed Authority The International Seabed Authority (ISA) Assembly of 168 member states met in Jamaica recently to regulate deep-sea mining however the progressive regulatory proposals of Chile, Vanuatu, Palau, France and Costa Rica were unfortunately vetoed and critical ocean environmental issues adjourned by the Assembly to next year. Calls for a precautionary pause or
US President Commander in Chief President Biden signs Executive Order to implement historic, bipartisan military justice reforms transferring decision-making authority from commanders to specialized, independent military prosecutors in cases of sexual assault, domestic violence and murder by amending the Uniform Code of Military Justice (UCMJ) , after 73 years. Strengthening US Military Justice System Congress
Conceptual Framework of INGOs Affluent INGOs tend to eclipse poor NGOs when it comes to initiating projects because they have their agendas. There is an implicit notion that external donor agencies can create, develop and engender change through innovation, at times through think tanks, to aid beneficiary countries as well as provide a moral check
Sovereign Funds Hidden Agendas The scale of operations of Sovereign Funds is worrisome. In the year 2017 Norway’s sovereign wealth fund (SWF) exceeded USD 1 trillion in value signifying that countries have more financial muscle then private corporations. Apple and Amazon being enormous IT companies have exceeded this threshold. What is worrisome is that SWF’s
National Fleets versus Phantoms Fleets Worldwide countries maintain fleets in the Public or Private sector or hybrid depending on the geography and craving of sovereign assertiveness. Cargo preferential treatments are influential instruments of economic cartelization . Yet such policies can have an adverse effect on the nation's economy by increasing the cost of transport and
