Pakistan Space Agency
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China imports oil for its own needs, yet exports to Pakistan. Why?
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SuvarnaTeja
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I am concerned for Pakistan.
Don't cut off your nose to spite your face.
We should not allow US and Chinas of the world to our region to prey and colonize us again.
We have our own issues but we should not fall prey to these vultures.
We should sort out our differences between us.
peagle
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I really do not know what you mean by this post, they are loans, but also investments,You can find Chinese generosity towards Pakistan in this report
China Research by AidData
Our data, tools, methods and reports on Chinese global development, official finance, public diplomacy, infrastructure projects.www.aiddata.org
Loans given to Pakistan under CPEC at commercial rates: report
Islamabad [Pakistan], September 30 (ANI): A major portion of Chinese financing under the China-Pakistan Economic Corridor (CPEC) consists of loans that are at or near commercial rates as opposed to grants, according to a report.sg.news.yahoo.com
Loans given to Pakistan under CPEC at commercial rates: report
ANI
30 September 2021·2-min read
Representative image
Islamabad [Pakistan], September 30 (ANI): A major portion of Chinese financing under the China-Pakistan Economic Corridor (CPEC) consists of loans that are at or near commercial rates as opposed to grants, according to a report.
The findings are part of a report published by AidData, an international development research lab based at the College of William and Mary in Virginia.
The report said Chinese loans under CPEC constitute 95.2 per cent and 73 per cent of total commitments in energy and transport sectors, Dawn newspaper added. It said that China has committed USD 34.4 billion in development finance to Pakistan between 2000-2017.
The interest rate is 3.76 per cent for an average loan with 13.2 years' maturity (when full repayment with interest is due) and 4.3 years of the grace period, the newspaper report added.
This comes as China's highly touted BRI seems to be losing its sheen everywhere, as various issues including work at slow pace and terror attacks slow down the CPEC progress.
Beijing is much concerned about the CPEC, which is the centrepiece of the BRI. The sluggish pace of work, frequent terror attacks, and incidences of corruption have slowed it down, Hong Kong Post reported.
According to AidData report, China's BRI has left scores of lower- and middle-income countries (LMIC) saddled with "hidden debts" totalling USD 385 billion. It said China has used debt rather than aid to establish a dominant position in the international development finance market.
The report has analysed more than 13,000 aid and debt-financed projects worth over USD 843 billion across 165 countries. According to AidData, over 40 LMIC now have levels of debt exposure to China higher than 10 per cent of their national gross domestic product.
The number of "mega-projects"--financed with loans worth USD 500 million or more--approved each year tripled during the first five years of BRI implementation.
Despite larger loans and expanded loan portfolios, BRI has not led to any major changes in the sectoral or geographical composition of China's overseas development finance program, the report said. (ANI)
Surely we do not want friends like China who dump all their goods to destroy our local businesses. Please stay away from India.
what's your point?
Most of Pakistani foreign loans are non-Chinese, please tell me what does Pakistan have to show for it?
Since you people claim to know everything, then tell me what have the $100 billion dollar loans, owed to western countries built in Pakistan. Not much.
Chinese loans are being used for productive investments and infrastructure.
Pakistan asked America to help build a steel plant, they told us we don't need it, that's why we had to turn to the Soviets, they were willing because they needed money.
Pakistan asked America decades ago to help develop the Gwadar port, They refused.
There are many other examples.
So please tell me, what is your problem?
What does anyone got to do with what Pakistan decides for itself.
Indians are bitching about Pakistan 24/7. Get a life.
And, isn't it arrogant of others, especially India and Indians to tell us what's good for us. Isn't that just plain stupid.
I honestly do not know what you meant by this silly statement, so I don't know how to contribute further.
American Pakistani
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Lol that's what is called patwaria journalism.
Pakistan Space Agency
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Concentrate on India's $593 billion external debt which also includes $23 billion owed to the IMF.
External Debt | Department of Economic Affairs | Ministry of Finance | Government of India
The division also handles coordination, compilation and printing of the Detailed Demands for Grants and the Outcome Budget
dea.gov.in
Look after your own country and don't worry about Pakistan too much.
SuvarnaTeja
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Concentrate on India's $593 billion external debt which also includes $23 billion owed to the IMF.
View attachment 817088
External Debt | Department of Economic Affairs | Ministry of Finance | Government of India
The division also handles coordination, compilation and printing of the Detailed Demands for Grants and the Outcome Budget
Look after your own country and don't worry about Pakistan too much.
Why do you think I am not concerned about India?
Modi has been selling off India left and right to the Western vultures just like Pakistan has been selling off to China.
Wherever we emigrate for work, Sub continent is our home land. We should always remember to protect and preserve it.
Let us not fall prey to these vultures due to our differences.
Pakistan Space Agency
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China is our neighbour and Pakistan is busy linking itself with road and rail.
On the other hand, while Pakistan kicked out the Americans from this region, India is busy inviting them back through Quad and offering itself to be American number one puppet against China.
It's pointless comparing Pakistan with India. While Pakistan views China as it's economic future, India can only think of "containing" China and "isolating" Pakistan.
You must think that we're children on this forum and can't see through your ridiculous attempt to drive a wedge between Pakistan and China. Bloody childish.
SuvarnaTeja
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Portuguese, Dutch, French and British East India companies were all colonists. The divided us and used one against other to rule and rob our resources.
Unfortunately, we have not learnt anything from our history. We are still inviting US & Chinese East India companies today who are happy to colonize and rob us again.
HAIDER
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The world has no shortage of oil but a massive shortage of oil refineries. The top 10 oil refining countries account for more than 58% of the world's total refinery capacity. The United States is the biggest refiner in the world followed by China, Russia, Japan and India
Pakistan Space Agency
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We're quite happy to invite everyone to help build the infrastructure in Pakistan which is necessary and urgently needed. There's nothing for us to lose because Pakistan is a very poor country to begin with.
Now, if India has a problem with the world, it can self-isolate, nationalise everything, pull out of Quad instead of doing 'Howdy Modi' every other year and change it's malicious foreign policy of plotting against Pakistan and China.
Pakistan is not interested in your gibberish nonsense. You belong to a nation that has democratically elected a Hindu Extremist Fascist Government to power twice on anti-Pakistan and anti-Islam hatred, so please don't lecture us on neighbourly harmony.
Just concentrate on how India is going to pay off it's $593 billion of external debt and how India can further serve the Americans against the Chinese.
SuvarnaTeja
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LOL
US and China are on the same side. They are part of G2.
Don't fall for their theatrics.
MelloryOlephanto
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Govt to tax Chinese petrol import | The Express Tribune
FBR prepares summary seeking imposition of 10% regulatory duty
Govt to tax Chinese petrol import
FBR prepares summary seeking imposition of 10% regulatory dutyMarch 11, 2022
FBR raised over Rs287 billion in indirect taxes on petroleum products in the first seven months of current fiscal year. PHOTO: FILE
ISLAMABAD: The government has decided to impose 10% regulatory duty on the import of petrol from China aimed at plugging a loophole that is exploited by the oil marketing companies to avoid taxes, which has caused over Rs40 billion losses in just a few months.
The Federal Board of Revenue (FBR) has prepared a summary for the approval of cabinet to impose regulatory duty at the rate of 10% on the import of petrol from China, sources told The Express Tribune.
The Collectorate of Customs Enforcement, Karachi had unearthed the misuse of China-Pakistan Free Trade Agreement a few months ago.
I guess FBR finally caught up with this whole scheme. Meh, better late than never.
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