Huge investment on the way as PM finalises deals with Chinese firms

[TheSolution]

Salinizations plants were setup long before anything this is why I said stop talking crap the biggest issue facing Gwadar is the lack of jobs for the local they can't just rely on fisheries. Jo society mein rahe ge woh to investor ho gain goblin saab. Electricity is also being solved.

Locals there are mostly uneducated without many skills so it's hard to provide them jobs at the port with machinery, cranes, etc. Very limited jobs available that they can actually do. So it's either import people from other provinces with skills, or Chinese workers.

Hence this was opened:

Some locals with skills are given jobs where possible, take a look at this where local Baloch women have a small garments factory that they wish to expand: Skip to (6:23)

More jobs will be available when the industrial plots become operational also, there are plans for more educational institutes so you can train a new generation to take more jobs in the future.

 

[Flight of falcon]

This type of project will do great deal to help solve technical labour shortages .

Pak-China Technical and Vocational Institute at Gwadar | China-Pakistan Economic Corridor (CPEC) Authority Official Website

CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Authority 'P' block Pak-Secretariat, Islamabad,Pakistan. China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit...

www.cpec.gov.pk

 

[Great Janjua]

Locals there are mostly uneducated without many skills so it's hard to provide them jobs at the port with machinery, cranes, etc. Very limited jobs available that they can actually do. So it's either import people from other provinces with skills, or Chinese workers.

Hence this was opened:

Some locals with skills are given jobs where possible, take a look at this where local Baloch women have a small garments factory that they wish to expand: Skip to (6:23)

Exactly this was planned. But small labour was recruited from the locals but very small.

 

[TheSolution]

Exactly this was planned. But small labour was recruited from the locals but very small.

Yep, because it's the only option available, the amount of jobs which require little to no skills/education, or can be learned quickly are small in number.

I hope they utilise the local women, they seem to learn very quick with the garments and you can open factories and employ more. For now the current operation is a small bulding but can be increased.

 

[jupiter2007]

Doesn't matter, no investor in their right mind would even invest in these so called SZEs. And this will be proven right when even in the next few years, these SZEs will be empty. Most of Gwadar's SZEs are still empty due to terrible security situation which the Military is unable to rectify.

@Norwegian .... you can fake laughs and smiles all you want with that Israeli Flag in your avatar, and keep licking IK's feet but there WILL BE ZERO INVESTMENTS IN THESE SZEs.

Greatest security and survival risk is corrupt mafia. Bullet to their head (Chinese solution) will fix this. Once the internal enemies are defeated, external enemies will be easy to handle.

 

[ARMalik]

Greatest security and survival risk is corrupt mafia. Bullet to their head (Chinese solution) will fix this. Once the internal enemies are defeated, external enemies will be easy to handle.

Unfortunately 9 of our soldiers were killed today, not too long ago. Now, those idiots above who think that Chinese investors will invest in such a dangerous environment are just disillusion and speaking from their rear ends.

 

[Skywalker]

They are part of CPEC's second phase but problem is Pakistan doesn't have much skilled labour near its coast of Arabian Sea so any future special economic zone might not be very profitable

last time I checked Karachi was located at the arabian sea, if it has moved away due to geological disruption from there overnight then I dont know.

 

[serenity]

Is this BLA and TTP issue for Pakistan the same or separate issues? wishing to learn more.

BLA is independence movement in Balochistan. TTP issue is Afghan sect of Taliban but not friendly with government Taliban?

Is Pakistan currently at war with BLA and TTP?

 

[ghazi52]

https://twitter.com/x/status/1490308250033602569

 

[MH.Yang]

The Chinese are not blind or deaf. Of course, we have enough knowledge of Pakistan's domestic situation.
Since the Chinese government is willing to propose the CPEC plan to Pakistan, the Chinese people are ready to bear risks and losses with their partners.
We are also a country that has tasted war and pain, we are not afraid of bleeding.

 

[Rank]

Even Pakistanis are not interested to invest in Pakistan rest aside Int FI … har rooz ye subha uthhay hain incompetent tabar aur planing kartay hain aaj kesay awaam ko lootna hay balkay usko jo alaready salary paid tabka hay kyonkay is PM ki okaat he nahi Jahangir tareen tupe takatwar logon ko kuch kah sakay so is fatu PM aur iskay advisors rozana bhaet kar eek new policy banatay hain in short bhata lenay ka aur end may bezat hutay hain yehi circle 3-4 saal se chal raha hay.. pichlay competent choor that ye incompetent loterion ka tabar hey… pathetic Govt, pathetic pllicies and worst security situation under incompetent extension shuda Chief

 

[khail007]

Prime Minister Imran Khan on Friday held meetings with a number of representatives of major Chinese companies, paving the way for billions of dollars worth of Chinese investment into the country.

The prime minister arrived in Beijing on Thursday to attend the opening ceremony of the Winter Olympics and meet the Chinese leadership.

As per the official handout, China Machinery Engineering Corporation (CMEC), a subsidiary of Sinomach, will set up Pakistan-China Agricultural Science and Technology Transferring Centre on government-to-government aid basis.

It said that the Centre will offer agricultural mechanisation cooperation for improving the yield of various crops and quality of seeds. The company has also expressed interest in establishing an onshore LNG storage facility with a regasification terminal.

It said that a low carbon recycling park for steel metal and paper processing for export purposes will be established at Gwadar Free Zone, having a capacity of 13.4MT per annum.

The handout said that the targeted investment under the project is $4.5 billion and is expected to get implemented in two to three years. The project will also generate 40,000 jobs.

It said that the Zhengbang Group has signed an MoU with Fauji Fertilisers Company (FFC) for the production of pesticides and cattle and poultry feed, adding that the group also plans to jointly develop corporate farming for growing corn and soya beans for export purposes.

According to the statement Royal Group plans to set up Foot and Mouth Disease (FMD) free dairy buffalo farm project with an investment of $50 million. The group envisages developing four large scale buffalo farms with 8,000 heads for 16 million litres annual milk production capacity.

They also plan to construct a buffalo milk deep processing plant with an investment of $30 million. "The proposed project will produce value-added dairy products such as milk powder, cheese and packaged milk for local market and export purposes."

The statement added that a buffalo embryos laboratory will also be established to improve Pakistani buffalos’ genetics for increasing their milk yield.

Providing further details, the statement said that Challenge Fashion has purchased 100-acre additional land to establish a special economic zone of world standards value-added apparel including cluster of supply chains with an investment of $250 million. The proposed project would produce exports of $400 million annually and will employ 20,000 people.

It said that China Road and Bridge Construction Company (CRBC) in collaboration with the Karachi Port Trust (KPT) will develop Karachi Coastal Comprehensive Development Zone (KCCDZ).

With an investment of $3.5 billion, the proposed project will be developed and constructed in an area of 9.3 square kilometres and will be built in the functional blocks including Binhai, Ecological Bay, Knowledge City and Global Blue Diamonds Island.

"The project will create thousands of new jobs and would emerge as a hub for tourism, IT, fashion, media, finance, ports and shipping services."

The statement said that Neusoft Medical Systems plans to focus on upgrading Medical Diagnostic Equipment (MDE), AI, academic and national service network setups with an investment of $30 million in Phase-I.

"Neosoft will further set up assembly plant of MDE in SEZ and STZ with an investment of $170 million."

According to the statement, Hunan SunWalk Construction Group has signed an MoU with a private telecommunication company to lay an optical fibre cable network of around 100,000 kilometres in all major cities of Pakistan with an investment of $2 billion.

It said that Flourishtech has signed an MoU with STZA and plans to set up a research lab for mobile phone parts, manufacturing and assembly in STZA, Islamabad for OPPO, RealMe, VIVO and OnePlus.

The handout stated that Global Semiconductor Group plans to establish a semiconductor testing facility in addition to a research and development and skills development training centre with an investment of $40 million. The project is expected to employ 100,000 IT professionals.

Letin Autos NAV E-vehicles (Pvt) limited intends to establish a production plant for electrical vehicles including manufacturing, fabrication and assembly in Rashakai Industrial Zone, Khyber-Pakhtunkhwa.

The meeting was attended by Foreign Minister Makhdoom Shah Mahmood Qureshi, Finance Minister Shaukat Fayyaz Tarin, Information Minister Chaudhry Fawad Hussain, Planning Minister Asad Umar, Advisor on Commerce Abdul Razzak Dawood, SAPM on CPEC Affairs Khalid Mansoor, National Security Advisor Dr Moeed Yusuf and senior officials of the government of Pakistan.

PM Imran finalises deals with major investment companies in China | The Express Tribune

Thousands of jobs will be created as a result of more Chinese investment in different sectors of Pakistan

tribune.com.pk

In present circumstances, we should not be so optimistic. China is watching the security situation all around and in Pakistan.
Further, both governments are wary of the situation.

 

[blueazure]

Doesn't matter, no investor in their right mind would even invest in these so called SZEs. And this will be proven right when even in the next few years, these SZEs will be empty. Most of Gwadar's SZEs are still empty due to terrible security situation which the Military is unable to rectify.

@Norwegian .... you can fake laughs and smiles all you want with that Israeli Flag in your avatar, and keep licking IK's feet but there WILL BE ZERO INVESTMENTS IN THESE SZEs.

i tend to agree

most companies arent interested going to gwadar, for them, karachi is far more suitable

active seaport
offices of all major banks , commerce
etc
custom agents
a large talent pool from where to hire
more integrated with rest of pakistan


on top of all that - security situation, lets face it, Baluchistan is dangerous

 

[The Accountant]

But is it the best use of financing? Sure it employs people but so does a more modern form of agriculture or mining. I’m not saying it should be dramatically different, but enough that more profitable ventures are prioritized then constructing single family homes.

I will grant you that I might be wrong, I’m not an economist, but there needs to be a strategy maximizing these other export earning industries To lower the difference between imports and exports.

Construction is based on local industry except for steel bars and requires private investment so it is beneficial for the economy.

 

[FuturePAF]

Construction is based on local industry except for steel bars and requires private investment so it is beneficial for the economy.

I’m not saying it’s not, but modern mining and modern agriculture is more profitable for the nation and companies. Once workers are in the most high earning professions, they can spend more of their discretionary income on housing, and the government/companies can reinvest in making steel domestically with modern methods to be sold to a domestic market better able to afford more of it.

I also understand with population growing the way it is, people need housing, hence the demand for mortgages and ways to afford housing, but we need to find ways for people to earn more.