• Wednesday, August 5, 2020

How China Betrays Pakistan using empty sloganeering

Discussion in 'World Affairs' started by IndianTiger, Jun 14, 2012.

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  1. IndianTiger

    IndianTiger FULL MEMBER

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    China bank runs away from
    Iran- Pakistan oil pipeline :
    Latest chapter in the Pakistan
    China friendship - "deeper than
    oceans and higher than
    mountains".But when it comes to money we are not
    friends , so is the latest
    chapter in Pakistan-China
    relationship?As China and
    Bank ICBC betrayed Pakistan
    and its "warm friendship".The red communist (fake
    communist more capitalist )
    shows his true colors.
     
  2. Hafizzz

    Hafizzz SENIOR MEMBER

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    Where is the source for your message above. It looks more like your personal opinion.
     
  3. Saleem

    Saleem FULL MEMBER

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    how india rather bharat betrays humanity ------
     
  4. ChineseTiger1986

    ChineseTiger1986 ELITE MEMBER

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  5. r3alist

    r3alist SENIOR MEMBER

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    Maybe china should "betray" Pakistan, then it can stop looking for patrons and look to itself.
     
  6. IndianTiger

    IndianTiger FULL MEMBER

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    ISLAMABAD: A consortium led by the Industrial and
    Commercial Bank of China
    (ICBC) has ‘run away’
    from providing financial
    advisory services for the
    Iran-Pakistan gas pipeline project apparently
    because of the US
    opposition to the plan and
    forced the government to
    look for alternative
    financing options. “It is apprehended that a
    probable reason for not
    signing the agreement (to act
    as financial adviser for the
    project) till date could be
    geopolitical situation in the region,” a summary presented
    to the Economic Coordination
    Committee (ECC) of the
    cabinet on Tuesday said.
    A meeting of the ECC presided
    over by Finance Minister Dr Abdul Hafeez Shaikh was
    informed by Petroleum
    Secretary Mohammad Ejaz
    Chaudhry that the Chinese
    consortium’s leader had “run
    away from the project”. It was informed that on the
    directives of decision-making
    forums, “a top class financial
    adviser had been appointed
    through international
    competitive bidding following procurement rules”.
    The contract with Habib Bank
    and Ernst & Young Ford
    Rhodes Sidat Hyder (EYFRSH)
    — two other members of the
    advisory consortium — had been signed by Inter-State gas
    Systems (ISGS), a state owned
    company, in the first week of
    January but the ICBC had been
    delaying the signing of a
    formal agreement. Now, the HBL and the EYFRSH were also
    not giving a clear response,
    the meeting was informed.
    “The petroleum ministry
    informed that the existing
    parties of the ICBC and HBL are showing less interest in the IP
    project, so the ECC may go for
    other options,” an official
    statement issued after the
    meeting said.
    The ‘front-end engineering design’ feasibility and a
    detailed route survey are
    being done by a consortium
    comprising the ILF of China
    and Nespak and are expected
    to be completed by June, on the basis of which bids will be
    invited for the 800km pipeline
    inside Pakistan for an
    engineering, procurement and
    construction (EPC) contract at
    an estimated cost of $1.5 billion.
    The project involves a debt-
    equity ratio of 70:30 with the
    government having a
    majority share in equity.
    Tender documents have been issued to pipeline suppliers and
    EPC contractors so that the
    contracts can be executed by
    the third quarter of this year.
    The contracts will form a
    major portion of the funding requirement for the project.
    It has been proposed that as
    an alternative to the
    arrangement with the Chinese
    bank, the government should
    route the Infrastructure Development Cess recently
    imposed on gas consumers to
    Pakistani banks who should
    then create a fund with the
    government. The funding can
    be routed to the ISGS to meet financial requirements of the
    project that would help
    reduce the tariff for imported
    gas. Initial estimates suggest
    that the cess will be sufficient
    to meet the project’s funding requirements.
    The ECC was requested to
    allow cancellation of the ICBC
    contract and to approach the
    second bidder, comprising the
    United Bank, Burj Capital Pakistan, Eco Trade
    Development Bank, Fieldstone
    Group and Islamic Corporation
    for Development of Private
    Sector, to sign a contract to
    provide debt and private equity for the project on
    similar terms.
    The committee was also urged
    to consider government-to-
    government offers from
    China, Russia and Iran for providing funds for the
    project.
    Iran has offered $300 million
    and Russia has offered to
    provide funding if the EPC
    contract is given to its companies without bidding.
    To accept the options, the
    government will have to
    bypass the Public Procurement
    Regulatory Authority’s rules.
    The ECC constituted a committee comprising
    ministers for petroleum and
    water and power, State Bank
    governor, deputy chairman of
    the Planning Commission and
    secretaries of economic affairs, finance and petroleum to
    prepare recommendations
    within four days so that
    work on laying the pipeline
    could be started by September
    to meet the completion deadline of December 2014.
     
  7. Hafizzz

    Hafizzz SENIOR MEMBER

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    How India betrayed her own citizens by using aid money to buy weapons instead of food for poor people.
     
  8. IndianTiger

    IndianTiger FULL MEMBER

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    but india isan't a failed state. So please do not care about poverty of India better to take care of terrorism and human right violations in Pakistan and China resp.

    China will not risk economic ties with India for Pakistan: Ahmed Rashid - Economic Times

    http://articles.economictimes.indiatimes.com/2012-02-12/news/31052205_1_china-pakistan-relationship-countries-trade-and-business-relationship
     
  9. northeast

    northeast FULL MEMBER

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    We gave the nuclear weapon technology to them.
    Pakistan is our best friend,you indijerk.
     
  10. Hafizzz

    Hafizzz SENIOR MEMBER

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    India is a FAILED STATE !
    http://www.defence.pk/forums/world-affairs/48053-india-failed-state-sham-secular-democracy.html
     
  11. Don Jaguar

    Don Jaguar SENIOR MEMBER

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    My reaction when indians say something about china......

    [​IMG]
     
  12. Symphony

    Symphony FULL MEMBER

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    Lol, at this Indian

    [​IMG]

    It helps this kid sleep better at night, by trying to break China & Pakistan's friendship.
     
  13. shuttler

    shuttler ELITE MEMBER

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    haha igorant low iq indians. ICBC is a listed company which makes its decision based on commerical factors not on friendship.
    It has to be accountable to all stakeholders.
     
  14. Lambada

    Lambada SENIOR MEMBER

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    rest assured, you will get them back in your lifetime...you have done a good deal against India but with a bad party….by any chance if you read news and are aware of situation in Pakistan, you should understand what not they can do when it comes to Islam….and to my knowledge, you have been doing quite a good job to ensure you invite the wrath of extremist operating from Pakistan….so, cheers now kid!
     
  15. seethru

    seethru FULL MEMBER

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    You blasphemers! how dare you question china-pak friendship.

    don't you know that:

    Pakistan China Friendship is: Unique and Unprecedented (May, 2010)
    Pakistan China Friendship is: Taller Than Mountains and Deeper Than Oceans (Dec, 2010)
    Pakistan China Friendship is: Stronger than Steel (Dec, 2010)
    Pakistan China Friendship is: All-weather (May, 2011)
    Pakistan China Friendship is: A Lush Tree (July, 2011)
    Pakistan China Friendship is: Deeper Than the Seas and Sweeter Than Honey (March, 2012)
    Pakistan China Friendship is: The Stuff of Legends (Apr, 2012)
    Pakistan China Friendship is: In Our Blood (Apr, 2012)
    Pakistan China Friendship is: Beyond the Confines of Time Limits (June, 2012)

    Official Quotes about Pakistan-China friendship by the respective governments.

    And, and most importantly, Pakistan is China's Israel! You Anti-Pakistan and Anti-China fools, Take that!!

    :rofl:
     
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