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How China Betrays Pakistan using empty sloganeering

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Pakistan honoured at Kunming

Pakistan justified its nomination as the “country of honour” at the five-day 20th Kunming Import and Export Fair, which coincided with the fifth South Asian Countries Trade Fair, by presenting its best face forward. The province of Yunnan, in South West China, which has the unique geographical location of sharing 4,060 km border with Myanmar, Laos and Vietnam, has taken the initiative of serving as the gateway to South and South East Asia for developing trade and commerce opportunities.

Indeed, with 150 stalls, including the main and only theme pavilion at the very entrance, designed in the likeness of the Lahore Fort, depicting strength of character, continuity and diversity, Pakistan put its best foot forward; tastefully displaying a variety of products like textiles, leather and sports goods, rice, marble-ware, furniture, traditional handicrafts, cutlery and jewellery. It was heartening to observe millions of Chinese and international buyers throng to the Pakistani stalls, although the 502 other exhibition booths from emerging economic giants in the region also displayed their best merchandise

Pakistan honoured at Kunming | The Nation

:tup:
 
Is that why the democratic alliance are coming to China with a begging bowl? Most of the euro zone countries have come across to China begging for funds - does that sound they will get crushed? Please stop having incredible wet dreams..

and who are you? how did it concern you? a chamcha? go and do something meanigful or you will be deported back to junk yard....
 
China to back Iran-Pakistan gas pipeline project - Tehran Times


Pakistan President Asif Ali Zardari and Petroleum Minister Dr Asim Hussain remained successful in convincing the Chinese leadership during their recent visit to China to take part in the bidding for the construction of the Iran-Pakistan (IP) gas pipeline project.

An official source said after getting China’s backing, the government had extended the deadline for the prequalification of the engineering, procurement, construction (EPC) and commissioning of the 785km-long pipeline from June 8 to June 22.

He said a leading Chinese firm was likely to participate in the construction of the IP pipeline.

He said it was a big achievement, as China’s participation in the project would ensure its safety, adding that Iran had already assured Pakistan of providing all the financial and technical assistance, including equipment and compressors, for the commissioning of the pipeline.
The estimated cost of the project on the Pakistani side is estimated at $1.2 billion.

The 42-inch diameter gas pipeline will be transporting high pressure one billion cubic feet gas per day (bcfd) from an off-take point near Gwadar to gas integration point near Nawabshah. The country is faced with a gas shortage of 2bcfd, which is estimated to increase to 6bcfd in the next five years if new discoveries are not made or gas is not imported.

The pipeline will follow the coastal route and will be safe from any sabotage activities in Balochistan. The government is ready to offer the project, either on EPC or turnkey basis, per the prequalification document. Construction includes pipeline, compressor stations, main line block valve stations, pig launching and receiving stations, CP installations, SCADA other related equipment, installations and pipeline crossings across various nullahs and rivers including River Indus.

Earlier, a selected consortium led by Industrial and Commercial Bank of China (ICBC) and Habib Bank of Pakistan (HBL) waned away from financing the IP project after the United States issued strong statements against the project.
Pakistan was looking towards Gazprom to undertake the project but the deal did not materialize. The government has already decided to dedicate the imported gas through the IP pipeline for the power sector as power shortage is projected to increase over 11,000MW in the next few years. The government is working to starting process for setting up new independent power producers (IPPs) of 5,000MW cumulative capacity so that they should be ready for commissioning by the time natural gas starts flowing from the IP pipeline in December 2014.

Beijing finally agrees to lay IP gas line in Pak territory

In a new development China, which had earlier backtracked from being the financial advisor for laying the 785 km pipeline in Pakistan’s territory under the Iran-Pakistan (IP) gas project, has once again shown willingness to become the EPCC (Engineering Procurement Construction and Commissioning) contactor.

President Asif Ali Zardari and federal minister for petroleum and natural resources Dr Asim Hussain who are currently in Beijing have reportedly succeeded in persuading China to take part in the IP project, a senior official quoting the information trickling down from China told The News.

“Managing director of Inter-State Gas System Mr Mubin Saulat dashed to China for finaliZing the details and Pakistan has agreed 90 percent of the terms and conditions offered by China for playing the role as contractor of the project.”

Pakistan had earlier issued tenders on April 27 to build the 785 kilometers long pipeline in two years’ time. The interested companies were bound to submit their technical and financial bids for the project by June 8. Now under the new scenario, the date of submitting the technical and financial bid has been extended to June 22 to acccommodate the Chinese company.

About 750 million to 1 billion cubic feet of gas per day will be transported at high pressure through 42-inch diameter pipeline. The contractor will also install three pressure compressors in the pipeline from Pak-Iran border to Nawabshah.

The official said the strategy, which was earlier worked out between Pakistan and Iran, has been slightly changed. Now the Chinese company will complete the project, but Iran will provide the pipeline, gas compressors and block valves. Earlier it was decided that the Iranian company would construct the project in Pakistan’s territory.

To a question he said that Pakistan would provide reasonable funds for the project and in case of any shortage the Iranian offer of $250-500 million is available. He said the increase of GDS (Gas Development Surcharge) on gas to five sectors would help collect Rs102 billion in one year that would be utilized for laying down the pipeline.

Under the gas sales purchase agreement (GSPA), the official said, Pakistan is bound to have a first take of Iranian gas by December 2014 and in case of failure, it will have to pay $ 1 million per day to Iran as penalty.

Secretary Petroleum Ijaz Chaudhry said that Pak-Iran gas pipeline project would be completed up to December 2014.

Talking to a private news channel, he said that Pakistan is serious in the gas pipeline project.

He added that companies have been short listed for the construction of the pipeline.

Ijaz Chaudhry said that Iran has offered support for the project in shape of materials.

He further said that Pakistan is looking also for other options.

He added that talks were underway with Russian and Chinese companies.

The government will provide funds to build infrastructure of the project from its treasury, the Secretary added.


:coffee:
 
what a useless thread man???...What is the big deal if China is a friend of Pak?
 
and who are you? how did it concern you? a chamcha? go and do something meanigful or you will be deported back to junk yard....

and whats burning you today mr Indian? - Look you are insinuating the imminent end of the China success story and im merely pointing out they are kicking big time a*** and long may it continue. No need to start personal abuse - if you cant accept facts and burn when you here about the fantastic relationship we have with our beloved neighbours then you dont have to be on here....unless you are simply obsessed?

what a useless thread man???...What is the big deal if China is a friend of Pak?

There is no big deal dude - just that Indian blood pressure rise when they hear and see the relationship we have with our neighbours...incredible shame to be honest.
 
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.

dude even National Bank of Pakistan and State Bank of Pakistan refused to finance this project!!
 
This has been discussed by Pakistani economist in articles posted here several times . When China does these so called infrastructure projects in Pakistan- it:

1. makes sure all middle and upper management on the project are all Chinese
2. makes sure NO PAKISTANI company supplies materials and that all of it comes from Chinese companies
3. makes sure that not only does Pakistan have to pay the loan back with high interest BUT it actually continues to pay China Royalty for decades on top of that for usage of those projects.

well no matter how deep the friendship, don't let anyone take advantage of yours. I hope Pakistan does not become so weak to let this happen. if this is true people of Pak should protest against such blatant discriminatory loans.
 
and as usual you happily accepted to take part in circus.....;-)

eeeyyy tere ko mere ko china pakistan dosti bohut buri leagty kia (with bobbling head from side to side) ??
 
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.

Keep dreaming about it. Whenever there was a news in Indian newspapers about the detoriating relationships of Pakistan and China, we witnessed just another major project being signed by both nations. So please keep dreaming about China betraying Pakistan while we are busy completing the on-going projects
 
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