‘CPEC could become another East India Company’ IF interests not protected

[!eon]

Why you people fear to discuss any problems about cpec?? You should understand one thing that CPEC is more important to China than Pakistan.. It is just business.. There is no need to bent your knees before the other party.. Both party should discuss internally about the advantage s & disadvantages.. Rising of these types of doubts only helps to think & study more about these type of project s..

It is Pakistan internal matter !

 

[dray]

Interesting part is that China didn't invest in CPEC, they gave loan to Pakistan at fairly high rates and astronomically high ROI guarantee for infrastructure that will be primarily used by China, so whether the project succeeds or fails, China will earn its profits at the cost of Pakistan who is bearing all the investment risks.

What Pakistan will gain from it is not confirmed though, because the earnings from transit fees will go in servicing the loans, and the intangible benefits of better transit can only be realized if Pakistan develops enough manufacturing capabilities, which is more unlikely now given the fact that Chinese goods will flood Pakistani markets even more through CPEC, thereby killing the local industries further.

But it can be said without an iota of doubt that China will have extraordinary level of leverage over Pakistan through CPEC, Pakistan has taken huge loans from China at high rates and even higher (obscenely) ROI guarantees to develop a project for which they have only one primary client, China!! China can literally control Pakistan by controlling the use of that project, thereby effectively controlling the amount of transit fee that Pakistan can earn, but the interest and ROI burden for Pakistan remains constant....if I were a businessman, I would have been too uncomfortable to be in such a business deal.

@thesolar65 @PARIKRAMA @Spectre @Sky lord @Joe Shearer @scorpionx @hellfire @Levina @Nilgiri

 

[Danish saleem]

Coming from the so called Pakistani lawmakers who rigged their way into the offices while keeping their entire wealth abroad, their words are a joke.

I'll take such statements seriously when it comes from a true leader who has all of his stakes and wealth inside the country.

if some one paying the tax and following the rules and regulations , then its absolutely nothing wrong if some one have property or business a board.

if our establishment keep throwing politicians out of country after every 10 years, then politician should keep their assets aboard, its started from skinder mirza to Benazir.

its not me and u who will decide who is our leader, its the people of Pakistan who have to judge who is our leader and who will be our leader, its all will be decided via Ballot box, not a bullet .

 

[Secret Service]

What Pakistan actually gets is

• Energy crisis resolved - That we were not expecting even in 2040
• Dams finally built which will help in water storage, prevention of floods and cheap electricity
• Excellent road infrastructure of Motorways and Highways across Pakistan with multiple alternative routes for strategic purposes
• Carving out the deserts of Balochistan to link with rest of the country from various routes and finally connecting and bringing it on par with rest of the country.
• Creating millions of jobs in countless Industrial zones, road management, ports and energy projects
• Few billion dollars of tax each year for using the same infrastructure built by the Chinese (depending on the volume of trade of course)

Just a few benefits out of many

i think the best coming out is the development of Baluchistan province

 

[Joe Shearer]

It seems very unsound, but it is also true that it would have been difficult for Pakistan to get aid or investment for infrastructure development. From the point of view of building infrastructure, it is a good project.

From the point of view of losing autonomy and stacking the relationship full of pressure points, it is singularly dangerous.

Considering past history, Pakistan will withstand minor humiliations and trials for the sake of gaining some elevation with respect to what is now defaulting to be their sole enemy.

 

[SpArK]

For years, the main issue with development in Pakistan is related with power.

CPEC clearly emphasize on power generation and already it seems lots of work has been progressing and groundwork for the rest are on process.

Chinese commitment is real and even the adversaries find it to be beneficial to Pakistan.

The article seems to be politically motivated and talks about power tariffs which is not finalized and also about not much benefit to balochistan areas..
That is absurd. Maybe the high end jobs which are technical goes to skilled people but at the end of the day the basic jobs will still go to local unskilled people from around the areas who are unemployed.

And its seen, as with the development of a particular area, the locality also gets beneficial as witnessed on similar projects from the subcontinent.

 

[Eminent Mainstream Media]

What Pakistan will gain from it

What Pakistan gained from 15 years of American operation in Afghanistan- 30 billion USD- CPEC will be a similar net- and China will be milked to the last dollar-

 

[JOEY TRIBIANI]

And nobody gives a damn .

 

[SrNair]

Chinese are business men and they are doing this business for profit .
Elites in Pakistan dont have to worry about it.Elites means those who have real power will get the fair share and whatever they want .

 

[xyxmt]

INTERESTING !


Senators are also foreign funded ?

everyone sells, even in the US of A you can contribute to anyone's funds and make them say things. if you get paid to say something that doesn't change anything why shouldn't you, after all its foreign exchange

 

[SrNair]

And now I see this loan-based format being chest-thumped by others in the region.

Anyway I will wait and see how it all materialises down the road...what works and what fails....and hope people in power learn well from both.

People in the power will wholeheartedly support them .
Like a Pak member said in here ,Most of the assets of PA 's Generals are in Pakistan .And CPEC is their new landscape .

DID Russian take over India ?? instead of all dependence on russian hardwares ?? did USA take over Pakistan in last 50 years ?? did U.S take over india bcz India remained a big recipient of U.S aid ?? if your Ans is BIG NO then don't worry About Chinese investments in Pakistan...

The answer lies in your post itself .
Weapons can purchase from anywhere . Nor we asked them for aid .
But Chinese are investing in your core area with heavy interest .
Some thing we wont allow at any case in our nation

 

[SleepingLion]

They will be better than PMLN though & will make our lazy *** people work!

 

[Levina]

...if I were a businessman, I would have been too uncomfortable to be in such a business deal.

Me neither.

 

[Sine Nomine]

Me neither.

Why...

 

[Indo-Pak]

What Pakistan actually gets is

• Energy crisis resolved - That we were not expecting even in 2040
• Dams finally built which will help in water storage, prevention of floods and cheap electricity
• Excellent road infrastructure of Motorways and Highways across Pakistan with multiple alternative routes for strategic purposes
• Carving out the deserts of Balochistan to link with rest of the country from various routes and finally connecting and bringing it on par with rest of the country.
• Creating millions of jobs in countless Industrial zones, road management, ports and energy projects
• Few billion dollars of tax each year for using the same infrastructure built by the Chinese (depending on the volume of trade of course)

Just a few benefits out of many

Benefit at what cost??

1. Fixing power tariff is foolish, the power/unit price is reducing every year. If power price go down, you will land paying chinese more by sucking Pakistani blood. (Another East India company)
2. Dam can be made using low interest loan, the high cost dam means high cost water.
3. Infrastructure is good, but what is per unit cost?? You can get ceaper loans from Japan or USA.
4. Job Creation is done by giving economical intrastructure, not costly one.. Look at Bangalore, The govt gave land at subside rate to make industries.. Currently by CPEC only China is creating Job not Pakistan.
5. Few billion dollar of Tax from Pakistani and give it to Chinese.. Sound me like Zamindari Under Goras...
6. China never does fair Business, they will dump there cheap product in Pakistan and Pakistani industry will destroy in few years..

Good luck businessing with new "East Pakistan Company".. Mark this post and after 20 years you will remember my words..