China did not fund any infrastructure projects of CPEC, says Pakistan
The 3,000-km-long CPEC connects China’s Xinjiang province with Pakistan’s Gwadar port, providing access to China to the Arabian Sea. Photo: AFPPremium
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In 2015, China announced an economic project in Pakistan worth USD 46 billion.
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Beijing has not funded any infrastructure project under the China-Pakistan Economic Corridor (CPEC) initiative, said the Senate Special Committee on CPEC projects.
According to a report by The Express Tribune, during the committee meeting Senator Sikandar Mandhro, chief of transport planning at the Pakistan Planning Ministry, said because of the absence of the CPEC funding, some projects, including the Khuzdar-Basima project, were being carried out from the federal development funds.
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HDFC AMC’s outgoing MD Milind Barve on leadership and how Deepak Parekh inspired him
Barve says he has tried to make the culture at HDFC AMC as close as possible to that of HDFC’s
Milind Barve, MD, HDFC AMC
Milind Barve, 63, will retire from HDFC AMC on February 15, 2021. Barve has spent 20 years as the founding managing director at one of India’s the largest mutual fund houses. In a chat with Jash Kriplani and Kayezad Adajania, Milind Barve traces his journey with HDFC AMC and HDFC Ltd.
Playing the boss
Many people talk arrogantly and are seen as effective bosses. That is not my definition of an effective boss. You have to be aggressive in your thought process, you have to be aggressive in your strategies and how you drive people to achieve them.
Milind Barve is the longest-serving chief in the Rs 30 trillion Indian mutual fund (MF) industry. He will retire as the managing director of HDFC Asset Management Company (AMC) later this week.