The Centrica share price has crashed. Here’s what I’d do now

first_img See all posts by Roland Head Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” British Gas owner Centrica (LSE: CNA) has been a disappointing and painful investment in recent years. The Centrica share price has now fallen by 90% from all-time highs of 390p+ in August 2013.My own holding is deep underwater. So far, it’s been one of my worst investments ever. It’s tempting to write the stock off, but I think that would be a mistake. I’m convinced that Centrica shares offer value at current levels. Let me explain why.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The perfect storm?The coronavirus pandemic has not made things any easier for interim chief executive Chris O’Shea to reverse Centrica’s falling share price. The ex-finance boss only took charge two weeks ago, but he’s already been forced to issue a pretty grim trading update.Among the problems he mentioned were a slump in energy demand due to business closures, and an expected increase in bad debts. Revenue from the group’s service and solutions business is also expected to fall, as the company restricts its operations to essential work.Elsewhere, the much-needed sales of Centrica’s nuclear power stations and its oil and gas business, Spirit Energy, have been put on hold following the oil price crash.Unsurprisingly, the 2019 final dividend has been cancelled. The company has also withdrawn its financial guidance for 2020.How much lower can the Centrica share price fall?I don’t think the Centrica share price is likely to fall much further. There’s already a lot of bad news in the price. And for all its problems, I believe Centrica has some significant attractions.First of all, it’s worth remembering that the coronavirus pandemic, although terrible, won’t last forever. When it’s over, Centrica’s customers in the UK and US will still need electricity, gas, and related services.British Gas may not always have had the best reputation with customers, but it’s the biggest energy supplier in the UK, with more than 9m customers. That’s not likely to change anytime soon.The firm’s reputation might even improve as a result of the current crisis – O’Shea says that several hundred service engineers have volunteered to visit customer homes for emergency repairs “where there may be a higher risk of COVID-19”. If you were ill and infectious and someone came to fix your heating, I imagine you’d remember them well.Do the numbers add up?A good story is no good if a company’s finances are unsustainable. Fortunately, I don’t think that’s the case at Centrica. Although I think the group’s £4bn debt pile is a little too large, very little of this needs to be refinanced before 2022.In the meantime, Centrica has cash and unused credit facilities totalling £3.3bn. This is roughly equal to one year’s operating costs. This suggests to me that the group should safely be able to survive the coronavirus crisis lockdown period.I think the key to unlocking a recovery in the Centrica share price is for O’Shea to be able to complete the transformation plans put in place by ex-boss Iain Conn. The end result should be a service business with higher profit margins and stronger finances.I see Centrica as a value stock with good income potential. I’d buy at current levels. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Centrica share price has crashed. Here’s what I’d do now Roland Head owns shares of Centrica. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Roland Head | Saturday, 4th April, 2020 | More on: CNA last_img read more

USDA Temporarily Suspends Debt Collections, Foreclosures and Other Activities on Farm…

first_img Facebook Twitter Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA). USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referring foreclosures to the Department of Justice; and USDA will work with the U.S. Attorney’s Office to stop judicial foreclosures and evictions on accounts that were previously referred to the Department of Justice.Additionally, USDA has extended deadlines for producers to respond to loan servicing actions, including loan deferral consideration for financially distressed and delinquent borrowers. In addition, for the Guaranteed Loan program, flexibilities have been made available to lenders to assist in servicing their customers.Wednesday’s announcement by USDA expands previous actions undertaken by the Department to lessen financial hardship. According to USDA data, more than 12,000 borrowers—approximately 10% of all borrowers—are eligible for the relief announced today. Overall, FSA lends to more than 129,000 farmers, ranchers and producers.“USDA and the Biden Administration are committed to bringing relief and support to farmers, ranchers and producers of all backgrounds and financial status, including by ensuring producers have access to temporary debt relief,” said Robert Bonnie, Deputy Chief of Staff, Office of the Secretary. “Not only is USDA suspending the pipeline of adverse actions that can lead to foreclosure and debt collection, we are also working with the Departments of Justice and Treasury to suspend any actions already referred to the applicable Agency. Additionally, we are evaluating ways to improve and address farm related debt with the intent to keep farmers on their farms earning living expenses, providing for emergency needs, and maintaining cash flow.”The temporary suspension is in place until further notice and is expected to continue while the national COVID-19 disaster declaration is in place.USDA’s Farm Service Agency provides several different loans for producers, which fall under two main categories:Guaranteed loans are made and serviced by commercial lenders, such as banks, the Farm Credit System, credit unions and other non-traditional lenders. FSA guarantees the lender’s loan against loss, up to 95 percent.Direct loans are made and serviced by FSA using funds from the federal government.The most common loan types are Farm Ownership, Farm Operating, and Farm Storage Facility Loans, with Microloans for each:Farm Ownership: Helps producers purchase or enlarge a farm or ranch, construct a new or improve an existing farm or ranch building, pay closing costs, and pay for soil and water conservation and protection.Farm Operating: Helps producers purchase livestock and equipment and pay for minor real estate repairs and annual operating expenses.Farm Storage Facility Loans are made directly to producers for the construction of cold or dry storage and includes handling equipment and mobile storage such as refrigerated trucks.Microloans: Direct Farm Ownership, Operating Loans, and Farm Storage Facility Loans have a shortened application process and reduced paperwork designed to meet the needs of smaller, non-traditional, and niche-type operations. Home Indiana Agriculture News USDA Temporarily Suspends Debt Collections, Foreclosures and Other Activities on Farm Loans SHARE By USDA Communications – Jan 27, 2021 SHARE USDA Temporarily Suspends Debt Collections, Foreclosures and Other Activities on Farm Loans Facebook Twitter Previous articleGrassley Wants Quick Confirmation of Vilsack at USDANext articleCourt Seeks Status Report on EPA Compliance with Order on Renewable Volumes USDA Communicationslast_img read more

Staff & pupils of Crana College subjected to ‘abysmal conditions’

first_img FT Report: Derry City 2 St Pats 2 Facebook By News Highland – October 22, 2019 Derry draw with Pats: Higgins & Thomson Reaction WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp AudioHomepage BannerNews Facebook Google+center_img News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 Previous articleAbortion & same-sex marriage decriminalised in NorthNext articlePipe burst leaves south Inishowen properties without water News Highland Important message for people attending LUH’s INR clinic Staff & pupils of Crana College subjected to ‘abysmal conditions’ Harps come back to win in Waterford Google+ Pinterest Serious concern has been raised over what’s been described as ‘abysmal conditions’ at Crana College in Buncrana. Overcrowding, overuse of prefabs and inadequate facilities are all said to be putting the well being of both pupils and staff at risk.Hopes of a long awaited three school campus have been completely dashed as the ideal site is no longer available.It has led to calls on relevant bodies to come up with an alternative as a matter of urgency.Deputy Chair of the Donegal ETB and local Cllr Rena Donaghey says the current situation is out of control:Audio Player Up/Down Arrow keys to increase or decrease volume. Pinterestlast_img read more

Another Milan?

first_imgAs a group of sports fans sit around discussing Indiana basketball, it is likely the discussion will get around to “will there be another Milan?” There answer I give is a pretty emphatic “no”.The first reason is very obvious. The IHSAA is not going back to single class basketball any time soon, if ever. This is what made the Milan victory so special–beating the giant teams. The second reason takes a little more explaining.In 1954 if there were 10 good athletes in a school Milan’s size they likely played every sport. This meant this group of athletes played basketball in the winter but also played the other sports in their seasons. Today, kids’ seldom play more than one sport because they have been convinced that they must concentrate on one sport to be successful. For this reason, if you have less than 300 students in a school, you are not likely to find a group of athletes as good as the Milan boys were in 1954. Some schools this size today have trouble fielding even a reserve team.last_img read more

Why (and How) You Should Take Notes During Interviews

first_imgHow do you conduct the most effective interview? The most important trick for capturing quality video interviews isn’t in-camera — it’s the notes you take.I recently started watching the third season of True Detective on HBO. If you’ve seen any of the show, you’ll know that one thematic variable that remains constant through the anthologized show is the use of filmed depositions.Well, without giving any spoilers away, season three takes it a step further and introduces a Netflix-style unsolved crime documentary crew to the narrative. And, as a documentary filmmaker and video content producer, I was very excited to see that this fictional documentary crew included one of the most important roles on set…The note taker.If you’ve done documentary or client interview style shoots before, you may have used a designated note taker on set. If you have, you should know how important they can be. But if you haven’t, I highly recommend assigning someone to this role. Here are some quick tips for both why and how you should take quality notes on interview shoots.Full Name, Title, RoleIdeally, you should know these three details before you go into an interview shoot, but that’s not always the case. It also never hurts to double check titles and name spellings, as well as to make sure that specific roles can be defined by the subject — perhaps not by whoever was passing you the information.Note Taking Tip: Make a separate page (or document) for every interview. In addition to including (at the top) the full name, title, and role, also add the time and date of the interview shoot. Then fill in the rest of your notes on those pages (or documents) for review later.Have Your Questions ReadyYour best option for quality interview shoots would require at least one interviewer (perhaps a producer or director), with a separate person in the role of note taker. This will help for a couple of reasons. One, it will free your interviewer up to stay connected and engaged with the subject, without looking down at paper or laptop to write notes. However, it will also allow your note taker to fully focus on writing the best and most helpful observations.Note Taking Tip: Like a concert set list, make sure both the interviewer and the note taker are on the same page. Start with a list of questions laid out in the same order. Yes, you can improvise along the way, but having a solid interview script (more on scripting your interviews here) will help keep everyone on the same page.Good Answers, Bad AnswersOne thing a note taker is looking for is the ability to recognize “good answers” from “bad answers.” And, while these are subjective takes for sure, having a rough idea of the good and the bad will be very valuable for post-interview reviews, B-roll planning, and notes for your editors.Note Taking Tip: Focus on the good more than on the bad. When you hear some quality answers and soundbites, take these down — either bolded or in all caps — to have them pop off the page when you look back at your notes. Usually, every interview has a few “home run” quotes that you’ll want to make sure you don’t forget.New Threads and QuestionsThis is where note taking might be at its most valuable — when you start to improvise. The interviewer should be the one listening for any compelling follow-up or “off-script” questions to ask next. However, once a new thread is started, the note taking becomes even more important.Note Taking Tip: When a new thread begins, it can be helpful to either physically turn to a new page — or if on a laptop, make a stylized change either to italics or a different font — to keep this new thread information completely separate and easy to find when reviewing.Thematic Cues and B-Roll SpotsThe ideal person to act as note taker is usually either a producer or editor. They might have insights into the bigger picture of the project, and how this interview will fit into the overarching narrative. If you haven’t shot your B-roll for your project yet, this is a good place to start freeforming some ideas and notes concerning what shots might look good with what soundbites (or vice versa, if you already have some captured and done).Note Taking Tip: When you go into your interview, have a side list ready of either your B-roll (which has already been shot), or your rough ideas of B-roll you’re looking to get. Or, if not B-roll, stock footage or graphics, etc. When you hear good soundbites that might fit, make those notes on your B-roll list.Start and Stop TimesAnd finally, the designated note taker should be responsible for the hours, minutes, and dates of the interview sessions. It may sound slightly unnecessary to take meticulous notes of times, dates, and subjects. But, if you’ve ever been scrambling in an edit to find something last minute, having clearly detailed and organized files can be a huge help.Note Taking Tip: If you really want your producers and editors to love you, when you finish an interview session, check the files recorded on your camera(s), and make notes of the file names for each corresponding interview. Include those on your notes pages.All images via True Detective (HBO).For more interview and B-roll filmmaking tips and tricks, check out some of these resources below.Essential Tips for Editing Professional Interview Soundbites5 Ways to Transform Uninteresting Interview Locations15 Tips for Shooting Dynamic Video InterviewsInterview Tips Every Documentary Filmmaker Should KnowInvisibility: The Secret to Editing and Shooting an Interviewlast_img read more

From saint Shah to naughty Naseer

first_imgNaseerudin Shah”Am I playing the saint or the lecher?” was the 61-year-old actor’s first question to director Milan Luthria who went to Naseeruddin Shah with a role in his film Dirty Picture. Luthria confessed sheepishly that the role he had in mind was that of a lecher. “That’s great because,Naseerudin Shah”Am I playing the saint or the lecher?” was the 61-year-old actor’s first question to director Milan Luthria who went to Naseeruddin Shah with a role in his film Dirty Picture. Luthria confessed sheepishly that the role he had in mind was that of a lecher. “That’s great because I’m not playing the saint anymore,” said Shah, gleefully diving into the dirt.Wicked, impish and mischievous with mega doses of romance, girls and even item numbers, Shah has suddenly become the go-to guy for the philandering old man in Bollywood. “There are probably not enough older actors around to play these interesting roles, and I’m not complaining,” laughs Shah, who played the charming fraudster in Ishqiya, the pot-smoking ageing painter in Zindagi Na Milegi Dobara and the promiscuous south Indian superstar in the yet-to-be-released Dirty Picture.Gone is the pitiable Parsi gentleman or the tired teacher. Shah’s characters these days are played out full throttle, foot on the accelerator. Remember the snazzy gangster in a red jacket with gold-tipped collars who appears in a speed boat, while his moll (Neha Dhupia) relaxes on the deck, in Rajat Kapoor’s Mithya (2008)? Or the seemingly good doctor who tries to poison his wife (Priyanka Chopra) with mushroom soup in Vishal Bharadwaj’s recent movie Saat Khoon Maaf? There’s even a hint of incest that plays out between Shah and young Kalki Koechlin in the to-be-released film That Girl in Yellow Boots directed by Anurag Kashyap.”It is an uninhibited film that lands a punch in your gut,” he says.advertisementIt is roles like these that Shah has come to relish, where, besides sinking his teeth into the character, he also gets to have what he calls “a lot of fun”. Fun is important for Shah, because he is definitely not in it for the money. Having spent two decades acting in art cinema and making as little as Rs 3,000 for the classic Ketan Mehta film Bhavni Bhavai, he went on to do several commercial films for the love of lucre. Today he charges between Rs 50 lakh to Rs 2 crore per project, though he is known to slash his remuneration drastically if need be for first-time directors or those whose work he admires. Rajat Kapoor is one among the young directors he has helped. He partly funded his film, Raghu Romeo. Young directors, understandably, adore him. Neeraj Pandey, the writer and director of A Wednesday, wrote the film with Shah in mind for the character of the angry anonymous protagonist. Abhishek Chaubey, director of Ishqiya, says even he wanted Shah as the Urdu-spouting, Lucknowi-kurta- sporting romantic. It’s a role Shah says he “enjoyed immensely”. In recent times, Shah has decided to go all out and ‘play’ with the characters. A disciple of the Stanislavsky school of method acting has been replaced by a man who is looking to enjoy his work. “I wish I had spent as much time learning dance, as I did learning the nuances of method acting,” he says laughing. Future releases include Hriday Shetty-directed Chaalis Chaurasi(4084), a light-hearted macho thriller. “It’s an all-boys thriller, co-starring Kay Kay Menon, Atul Kulkarni and Ravi Kishen. I’m quite looking forward to this one,” he says. In keeping with his new-found zany image, he gets to cavort with starlet Shweta Bharadwaj in an item number in the same film.Shah with Koechlin in That Girl in Yellow BootsIn Dirty Picture, based on the life of southern siren Silk Smitha, Shah is “doing things I could never have imagined myself doing even in my wildest dreams. I play this completely over-the-top, raunchy actor. It’s an irresistible role,” he laughs, tickled at the thought of “hideous wigs and painted moustaches”. So 22 years after Rajiv Rai’s Tridev, in which his Tirchi Topi Wale went on to became a sensation, Shah will set the screen ablaze dancing again, this time in true south Indian style, in what Luthria calls a very fast dance number. “What is the worst that can happen? I’ll just end up making a fool of myself. Today, even that’s fantastic,” says Shah. In his soon-to-be released film, Michael, directed by debutant director Ribhu Das Gupta and produced by Anurag Kashyap, Shah makes a comeback as the main protagonist. “Michael is a father-son saga and is centered around the trials and tribulations of a tainted cop played by Naseeruddin Shah,” says Gupta.Shah is clear that he wants to slow down and do more theatre than films. The year 2010 saw him mount four new productions, By George, Caine Mutiny, Arms and the Man and revival of Samuel Beckett’s Waiting for Godot, first performed by Shah, Benjamin Gilani, Akash Khurana and Tom Alter 35 years ago. He continues to act in earlier plays based on the works of stalwarts such as Saadat Hasan Manto and Ismat Chugtai. A more peaceable Shah is evident one Mumbai afternoon. It’s raining incessantly in the city and the roads are clogged. The sets for his play have not arrived, but Shah continues to smile, tucking into homemade kheer from a steel tiffin, brought to the St. Andrews auditorium in Bandra by actor Randeep Hooda.advertisementThe lights haven’t been rigged, the microphones aren’t connected and a van driver carrying the props is yet to be located. It’s past 2 p.m. and the show starts at 8 p.m. But the chaos doesn’t seem to dent Shah’s demeanour, as he calmly tries to find order in the chaos. He wants to continue doing theatre, but refuses to consider the idea of directing another film, after the debacle of his first, Yun Hota To Kya Hota (2006), because “the idea that someone might watch it 100 years from now makes me very uncomfortable. I don’t think I have the required skills to be a director”. The entire Shah family, though, seems to have taken acting by storm. While wife Ratna Pathak Shah currently performs with him in the play, Ismat Apa Ke Naam, his daughter from an earlier marriage, Heeba, works both in films and with Motley, Shah’s theatre group. Elder son Imaad, who makes music when not acting, was last seen in the Hindi psychological thriller 404 and his youngest Vivaan made his debut in Vishal Bharadwaj’s Saat Khoon Maaf. All of them seem to have chosen their foray into Bollywood and theatre with care.Shah is not averse to playing all kinds of roles, the lover, the bad guy, the protagonist with shades of grey, even a quirky portrait on the wall as in Jaane Tu Ya Jaane Na. “If there is any novelty in the role, I’ll do it. Ishqiya was fun and Dirty Picture is real good fun. I’m just beginning to enjoy my work. But definitely no more playing the saint,” he concludes. It’s time to bring on the sinner.last_img read more

a month agoWolves captain Conor Coady: We’ll fight back

first_imgAbout the authorPaul VegasShare the loveHave your say Wolves captain Conor Coady: We’ll fight backby Paul Vegasa month agoSend to a friendShare the loveWolves captain Conor Coady has faith the club can re-discover their form.Saturday’s 5-2 home loss to Chelsea means the Molineux outfit have one point from five Premier League games.He said: “I have great belief in the club and the team and we will come through it, but we don’t want to find ourselves in situations like this. “We’ve got to look at the way we’re doing things as much as possible because it’s not good enough. There are standards we have set so we’ve got to make sure that we rectify it.”The good thing is we’re in all competitions and the games are coming thick and fast. We’re giving teams too much space and we’re going behind in games too often. We go behind and we’re chasing it so it’s important that we do that better.” last_img read more

a month agoCeltic boss Lennon opens door to Spurs outcast Wanyama

first_imgCeltic boss Lennon opens door to Spurs outcast Wanyamaby Paul Vegasa month agoSend to a friendShare the loveCeltic boss Neil Lennon has opened the door to signing Victor Wanyama in January.The Tottenham midfielder was linked with Celtic over the summer and Lennon remains keen.”There was interest, but it never really got going,” said the Hoops manager.”Could we take a look at it in January? We will wait and see…”Wanyama, 28, was also interesting Club Brugge over the summer. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Chhattisgarh: 4 BSF personnel killed in encounter with Naxals

first_imgRaipur: Four Border Security Force (BSF) personnel were killed and two injured in an encounter with Naxals in Chhattisgarh Thursday, police said. The encounter comes a week before polling for the first phase of Lok Sabha elections is held in the state. The skirmish took place around noon in a dense forest near Mahla village in Kanker district when a joint team of BSF’s 114th battalion and the District Force was out on a search operation, police said. Also Read – India gets first tranche of Swiss bank a/c details “Four BSF troopers were killed and two injured in the incident,” Deputy Inspector General (anti-Naxal operations) Sundarraj P told PTI. The patrolling team had launched the operation from the BSF’s Mahla camp, located around 250 from Raipur, he said. When the security men were advancing through a forest patch, a group of naxals fired at them, leading to a gun battle, he said. The deceased were identified as BSF’s assistant sub- inspector Boro, and constables Ramkrishnan, Someshwar and Ishrar Khan, he said. Also Read – Tourists to be allowed in J&K from Thursday Assistant commandant Gopu Ram and inspector Gopal Ram were injured in the exchange of fire, he said. Soon after being alerted, reinforcement was rushed to the spot, he said, adding that a search operation was underway in the area. The bodies and the injured personnel were brought to the BSF’s Mahla camp later, he said. Polling in the Kanker Lok Sabha constituency will be held along with two other seats – Mahasamund and Rajnandgaon – in the second phase of Lok Sabha elections in Chhattisgarh on April 18. Polling for other two phases in the state will be held on April 11 and 23.last_img read more

Pak Army to raise another division to protect CPEC

first_imgIslamabad: The Pakistan Army will raise another division-size special force to protect Chinese nationals and projects under the CPEC, military spokesman Major General Asif Ghafoor has said, days after the brazen terror attack on a luxury hotel in Balochistan. Describing the USD 50 billion China-Pakistan Economic Corridor (CPEC) as a living example of deep-rooted friendship between Pakistan and China, Major General Ghafoor, Director General of the Inter Services Public Relations (ISPR), said the Pakistan Army was fully determined to ensure the security of the project. Talking to the Chinese media in Rawalpindi on Saturday, he said the Pakistan military had raised a whole division-size force to protect the project and they were planning to deploy another division for this purpose. Earlier reports said a Special Security Division (SSD) comprising 9,000 Pakistan Army soldiers and 6,000 para-military forces personnel has been set up for the security of the CPEC project and Chinese nationals working on it. Ghafoor said Pakistan faced a very challenging war against terrorism during the last two decades, and now the security situation was under control. Talking about the CPEC role in the country, he said the economic prosperity brought about by the CPEC will fail the motives of terrorists, as with the success of project more employment and business opportunities will be unveiled and with more economic opportunities coming in, people’s lifestyle will improve and inimical elements will fail gradually, China’s state-run Xinhua news agency reported. He claimed that the security situation in Balochistan had improved since the launch of the CPEC and now there was a better infrastructure, as many Chinese projects were underway, and with every coming day security, development and investment situation will get better. The Pakistan Army spokesman’s comments came days after terrorists attacked the Pearl Continental luxury hotel in the port city of Gwadar in the restive Balochistan province, killing at least eight persons, including four civilians and a Pakistan Navy soldier. The attack was claimed by the Balochistan Liberation Army — one of the most-organised terrorist groups of Baloch nationalists fighting against security forces. The group was also involved in the terrorist attack at the Chinese consulate in Karachi last year. Ghafoor said: “Today’s Gwadar is not what it used to be two years ago and in future it will be on a par with the ports of developed countries”. Gwadar port is one of the focal points of the CPEC with many Chinese workers from other provinces of Pakistan working at the port. China is investing heavily in Balochistan under the CPEC.last_img read more