China allows $1 billion as budgetary support to Paksitan

[neehar]

lets see how china leverages this situation

 

[M.harris]

Thank you china you are a true friend

 

[airmarshal]

Japan used to offer China with 0.75%-1.5% interest loan through 30 years. The estimated total amount is $46 billion USD(at current exchange rate). Also, the Soviet Union gave us economic support for 7 years.
We used that low interes loan to establish a very complete industrial structure, including machine manufacturing, spinning, mining, chemical, iron.... so, we can depend on ourselves, because we have a complete industrial structure, unlike India only with IT (outsourced).
Money can be used up or wasted some day in the future, but we can use the money to establish a highly output industry system(all the catagories of industry). We call this "to teach how to fish is better than just to offer the fish" 授人以鱼不如授人以渔
With the complete industrial structure, we can make many things, we will not rely heavily on other countries. I belive that Parkistan already knew this, Pakistan will have a better economy without support. Best wishes to Pakistan.

Thanks for your best wishes. Knowing our leadership, we dont have visionaries. They just want to get through the current situation and then do what they had always been doing. If Pakistan had this policy of building the country, we would not have been begging IMF after 65 years of independence.

 

[Koovie]

Hope it will be used for the long term benefit of Pakistanis

 

[Contrarian]

The terms are likely to be more favorable than anything from IMF or WB.

It's a good gesture from China, but likely wasted in the long run, since Nawaaz Sharif is a confirmed crook who will never make the fundamental tax changes needed to make Pakistani self-sufficient.

That is the beauty.
Any and all kinds of aid will ensure Pakistani leaders never make the tough choices that are necessary to transform the economy...which is great for India.

So good - Pakistan should get the aid

 

[Bhai Zakir]

Nawaj sharif is known Saudi/US friend now china want to impress him

 

[Chinese-Dragon]

Nawaj sharif is known Saudi/US friend now china want to impress him

I thought Nawaz Sharif was more pro-India?

According to all the articles that have been written about him.

 

[Bobby]

The terms are likely to be more favorable than anything from IMF or WB.

It's a good gesture from China, but likely wasted in the long run, since Nawaaz Sharif is a confirmed crook who will never make the fundamental tax changes needed to make Pakistani self-sufficient.

You still need IMF

 

[DESERT FIGHTER]

I thought Nawaz Sharif was more pro-India?

According to all the articles that have been written about him.

I think tht fat moron has learned alot during his "exile"....for example... enough though hes pro saudi... but still his govt is going ahead with IP pipeline with Iran... etc...

 

[FaujHistorian]

That is the beauty.
Any and all kinds of aid will ensure Pakistani leaders never make the tough choices that are necessary to transform the economy...which is great for India.

So good - Pakistan should get the aid

Pakistani government policies should improve. There is no doubt about it.

However the biggest improvement needed is in Pakistani Awam that we change ourselves to be civilized global citizen.

Right now we are the bad monkey-@rse copy of Afghanistanis in terms of tribalism, Islamism, and pure lack of humanity.


peace

 

[Bobby]

$1 billion for killing 2 Chinese...Now Pakistanis will kill more Chinese

 

[AnnoyingOrange]

Wow!! What a country we have!! First we were begging US and now we beg China. when will we get real independence? We talk bombastically about our sovereignty. Didn't we just sell this commodity for a billion dollars? What the hell!!

Very few in Pakistan will understand your point of view.... who can say whether China will not exploit Pakistan like US has done.....

 

[Developereo]

You still need IMF

But, hopefully, less so.

That is the beauty.
Any and all kinds of aid will ensure Pakistani leaders never make the tough choices that are necessary to transform the economy...which is great for India.

So good - Pakistan should get the aid

It's a loan, not a grant.

Also, it's a matter of urgency. If someone is drowning, then a friend would lend a hand, hoping that the other person would eventually learn swimming.

Unfortunately, Nawaaz Sharif got elected as a "business friendly" choice which, in Pakistan, is code for "won't raise/collect taxes".

 

[ChinaToday]

$1 billion for killing 2 Chinese...Now Pakistanis will kill more Chinese

what kind of post is this you sick ****

 

[joekrish]

I hope the money is put in to best use for developing your economy and does not get pumped back to the defence industry or back to China to import more weapons.