• Tuesday, November 19, 2019

Pakistan grants 23-year tax break to Chinese operator of Gwadar port

Discussion in 'CPEC' started by AZADPAKISTAN2009, Oct 10, 2019.

  1. PakAlp

    PakAlp FULL MEMBER

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    Let's look at Gwadar and CPEC from a different angle.

    Would Pakistan have been able to invest 60Billion in to Gwadar and Cpec?
    Did we have the manpower and technology to build the infrastructure?
    Would the world be trading with us through Gwadar?
    Would we be able to import billions and export billions?
    Would any other country invest 60+ Billion in to our nation?

    The answer is a big NO? Even If it was the year 2050, we still would have been in the same position.

    Lucky for us we have a emerging super power nation right next to us and they need Gwadar and Cpec to save trillions over the 21st century. We let them invest in our nation, build roads, hospitals, cities.

    Now it is up to our rulers, be it military or civilian to get the best deal out from this for our nation. Obviously China will think about themselves and think about profit, otherwise why would they invest in us, the question is are our rulers thinking about our benefit? Or are they only filling in their own pockets through kickbacks?

    Our rulers should have started companies and got the investment from our overseas Pakistanis and Pakistani businessmen. We then should have Invested 1Billion every year from our budget in to cpec. If China invested 60Billion then we should have invested minimum 20Billion. This way alot of hotels, companies in Cpec and gwadar would have been Pakistani and our people would have benefited. We should have also requested China to train our work force. Out of 100, atleast 25 should have been Pakistani people. We should have helped our private businessmen and people to invest invest in hotels, businesses in Cpec.

    Instead we have China making our airports, hotels, roads, hospital. We are even thinking of handing our steel mill to China. A nation that cannot run its airline and steel industry is complaining about giving China tax relief on Gwadar and Cpec, even after 60Billion is invested. China will make 1 trillion profit on 60Billion investment and why should they not? Its their right.
     
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  2. maverick1977

    maverick1977 FULL MEMBER

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    if you know macroeconomics and how trade and exchange takes place, you wont have made this comment. i will recommend please enlighten yourself and understand pakistan should work on comparative advantage in global market. The same opportunity is available to Pakistanis in China as well.

    For example. open resorts on coastal highway to attract tourism as chinese will be already there. open fishing farms for lobsters, prawns, trout in north and export them to china under FTA.
     
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  3. PakAlp

    PakAlp FULL MEMBER

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    We must have something like this in place otherwise imagine chinese companies fishing in our seas and exporting everything back to China with no tax. This would be like drilling for oil and gas in Pakistan and then exporting it back to China tax free. Yes tax free all the goods arriving which will go to China and tax free all the industries which would export chinese goods to Africa and middle east because otherwise why would China invest.

    Our government needs to share what is their plan and vision on Cpec. Not go to opening ceremonies for photoshoots.
     
  4. AZADPAKISTAN2009

    AZADPAKISTAN2009 ELITE MEMBER

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    We are getting these projects as part of CPEC many of the power projects are approaching completion date
    CPECVISION.png
     
  5. BATMAN

    BATMAN ELITE MEMBER

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    What's new in naya Pakistan?
     
  6. PakAlp

    PakAlp FULL MEMBER

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    Everything is old at the moment. I still believe we should wait the full 5 years.

    I am still expecting major reforms in Judiciary, police, politics, election commission, tax authority, governance. We were promised new provinces and reforms. Where are they? We were promised our money will come back from foreign accounts, still waiting.
     
  7. AZ1

    AZ1 SENIOR MEMBER

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    40% increase of tax payer in 1year
     
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  8. Syed1.

    Syed1. BANNED

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    You just buried the patwari :partay:
     
  9. Rafi

    Rafi ELITE MEMBER

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    This is good for Pak don't let injun turds propaganda let you think otherwise.
     
  10. Rizwan Alam

    Rizwan Alam FULL MEMBER

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    If Pakistan successfully manages to move 0.5% of Chinese manufacturing industries to Pakistan, it will be huge.. These exemptions won't hurt Pakistan.. Who is paying taxes in Pakistan anyway? So stop the propaganda.
     
  11. AZ1

    AZ1 SENIOR MEMBER

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    they are like zombies, they will come again once the moon is bright( when something goes wrong by PTI)
     
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