Pak Govt puts major CPEC power project on hold

[KhalaiMakhlooq]

and you need change your own flag back.

if China wants to be a superpower so badly you can give Chinese occupied Kashmir back.

 

[Adam WANG SHANGHAI MEGA]

Today in China you can create your own company by finishing all formalities in 15 days( 3 days in China advanced free trade zone such as shanghai free trade zone) .I doulbt if company registration procedurr can be done within 30 days in Pakistan.

if China wants to be a superpower so badly you can give Chinese occupied Kashmir back.

what is wrong,indian bro,feeling hurted?

The people making these decisions in China are looking at these projects from all angles, including financial, strategic, cultural etc. I doubt you have access to all the information and are privy to the discussions they are having.

I assume the general public does not have access to financial reports related to the BRI projects? Am I wrong?

I do not know what you do for a living or if you have any influence on the decision makers, but are you able to bring your concerns to the relevant authorities in China.

I think that would be the more appropriate course of action. After all, China is not being forced by Pakistan to invest in an of these projects.

Yes,they may,but if i am an private investor,i will scared by those regulations from a low development level country,we bring money for you and it is you who need investment,i could always go to Vietnam,Cambodia,BD or even Srilanka and India .
I feel not loved by pakistani gov.Sorry but pakistan has a non freindly biz environment for i.vestor not only for foreigner investors but also for its own nationals.
People take religion and things related too much seriously and money should be take care seriously.
Jesus,we chineses are helping you guys fundmentally,and you guys are tslking about chinese motives and financial asoects,you could always refuse loans and investment from CHINA.
No one will give 60 billions USD for free not even CHINA,we need the ownership of those projects at lesst psrtisl,in a short time,otherwise,no loans,and investments,it is a world run by money.

 

[Cookie Monster]

Except losing money and help Pakistan with its infrastractures such as roads,electricity,power generation plants,etc.,I see little benifits that China can get,no offense to all pakistani bro,I know this is an indian troller thread but still,I do not see so much benifits that China can get!
China builds roads and offer jobs to Pakistanis is a way to invade you?? ,why not!
Please come to invade us by building roads and railways for us,I beg you.

According to the article it seems that the government is trying to cut spending and avoiding taking additional loans for CPEC projects that are not yet needed. This is bcuz Pak's current economy is barely hanging on. CPEC is just business...it's not an invasion nor does the project exist due to any brotherly relations.

 

[Adam WANG SHANGHAI MEGA]

According to the article it seems that the government is trying to cut spending and avoiding taking additional loans for CPEC projects that are not yet needed. This is bcuz Pak's current economy is barely hanging on. CPEC is just business...it's not an invasion nor does the project exist due to any brotherly relations.

From financial aspect,China should grant 0 money for CPEC which apparently has little economical benifits.
Yo go to Somalia,see if China will grant loans to Somalia or Gabon for the moment.
The truth is the only Country has the money and willing to grant 60 billions loans to Pakistan is CHINA.
You have 200 millions people and your infrastructures are indeed not enough,but your country anyway.Your desision.

In a selfish point of view,I prefer China gov grant 60 billions USD t my hometown,so my parents no need to seek opportunities in rich provinces in Eastern CHINA.

 

[Clutch]

The truth is the only Country has the money and willing to grant 60 billions loans to Pakistan is CHINA.
You have 200 millions people and your infrastructures are indeed not enough,but your country anyway.Your desision.

Nations destiny changes overnight. Pakistan is struggling today and it's people hunger... Yesterday China was starving and today it's striving. Never believe in absolutes.

 

[Adam WANG SHANGHAI MEGA]

Last time I encountered electricity blackout is 1 year ago.well for 6 hours only for system reparation and maintenance.

There were once a time China need to cut military budget to,save foreign currency to buy equipments for economical development.

 

[Cookie Monster]

From financial aspect,China should grant 0 money for CPEC which apparently has little economical benifits.
Yo go to Somalia,see if China will grant loans to Somalia or Gabon for the moment.
The truth is the only Country has the money and willing to grant 60 billions loans to Pakistan is CHINA.
You have 200 millions people and your infrastructures are indeed not enough,but your country anyway.Your desision.

In a selfish point of view,I prefer China gov grant 60 billions USD t my hometown,so my parents no need to seek opportunities in rich provinces in Eastern CHINA.

Not true. China didn't rise to where it's at as an economic giant by handing out money all willy nilly based on friendship. It took a very smart and careful planning and a lot of hard work. U r telling me that Chinese banks and investors are giving away billions to Pak out of brotherly relations? Even real blood brothers don't hand out billions to each other. They took a calculated risk and with the expectation to be paid back with interest, which will most likely happen. The only scenario where they don't make a profit on these loans is if Pakistan goes bankrupt...even in that case there's probably going to be some collateral for whoever is providing these loans.

In addition to these monetary gains there are strategic gains for China as well. It provides an alternate route for China to import oil from the Persian gulf via the CPEC route in case if there's ever a blockade of the sea route to eastern China by either US or Japan or India or any combination of these countries.

So this claim that China is giving billions away with CPEC is just as baseless as Indians claiming that CPEC is some sort of Chinese invasion. It's only business.

 

[OIO]

If CPEC was not of benefit to PK, i believe IK wpuld have terminated the arrangement. The present government knows the immense value of building this infrastructure for current growth and future prosperity. As soon as loadshedding ends more factories and businesses will open as the basics are put right. People in Pakistan need to get on with it and build on this mammoth opportunity. For all those naysayers, who in the past has come in and put in even half of this in such a short time and even as loans?

it's correct to balance between long-term benefits and short-term benefits.

SEZ will bring Pakistan economy into
virtuous circle.

 

[Adam WANG SHANGHAI MEGA]

Not true. China didn't rise to where it's at as an economic giant by handing out money all willy nilly based on friendship. It took a very smart and careful planning and a lot of hard work. U r telling me that Chinese banks and investors are giving away billions to Pak out of brotherly relations? Even real blood brothers don't hand out billions to each other. They took a calculated risk and with the expectation to be paid back with interest, which will most likely happen. The only scenario where they don't make a profit on these loans is if Pakistan goes bankrupt...even in that case there's probably going to be some collateral for whoever is providing these loans.

In addition to these monetary gains there are strategic gains for China as well. It provides an alternate route for China to import oil from the Persian gulf via the CPEC route in case if there's ever a blockade of the sea route to eastern China by either US or Japan or India or any combination of these countries.

So this claim that China is giving billions away with CPEC is just as baseless as Indians claiming that CPEC is some sort of Chinese invasion. It's only business.

You could apply for loans or investments from other countries,China does not limit ally development as US yankees do.

 

[RealNapster]

Today in China you can create your own company by finishing all formalities in 15 days( 3 days in China advanced free trade zone such as shanghai free trade zone) .I doulbt if company registration procedurr can be done within 30 days in Pakistan.


what is wrong,indian bro,feeling hurted?


Yes,they may,but if i am an private investor,i will scared by those regulations from a low development level country,we bring money for you and it is you who need investment,i could always go to Vietnam,Cambodia,BD or even Srilanka and India .
I feel not loved by pakistani gov.Sorry but pakistan has a non freindly biz environment for i.vestor not only for foreigner investors but also for its own nationals.
People take religion and things related too much seriously and money should be take care seriously.
Jesus,we chineses are helping you guys fundmentally,and you guys are tslking about chinese motives and financial asoects,you could always refuse loans and investment from CHINA.
No one will give 60 billions USD for free not even CHINA,we need the ownership of those projects at lesst psrtisl,in a short time,otherwise,no loans,and investments,it is a world run by money.

Bro. Lets get facts straight.

1. Chinese companies are not here to rescue us. Government of Pakistan offer them the highest rate of return on IPP’s. Ranging from 18% to 30%.

2. Even the loans you talking about, have a markup added to itself. Government concession loans at2-3% markup and coorporate loans at 4-5% markup. (Which means business). Only 140+- million dollar loan (out of total 11 billion dollars) for Gwadr expressway is of 0+ interest rate and we are thankfull for that.

3. Government excluded this project from CPEC because it is based on foreign imported fuel. Current government in working tk stop all new power plants that run on imported fuels to reduce imports of fuels and save dollars. Chinese companiese are more then welcome to invest in renewable, thar coal based projects at others with a promissed ROR of greater then 18% (which btw no country offers you. The max is 12-13% now a days and here we are. )

4. You said you can always shift companies to Indian, sri lanka, etc. Well, you already operate your large factories there. And no one stoped you from doing so, neither you took permission from us to invest in india nor you had to. India hosts huge manufacturing factories of chinese mobile phones, home appliances and other things. The issue is that currently only your construction companies working here. Notna single manufacturing company. Other then Haier amd some auto company which is doing partial manufacturkng here. Can you name another chunese manufacruring company working in pakistan ? So dont tell us that your companiese can always go to any country. (As they are going. No MOu bound them from working with India. They are free). But will india offer them that much rate of return ?

5. BRI is your policy project. Similarly, every other country has its own priorities and policies. Try respecting them. Government of Pakistan is not going to built this project just so that to not make chinese friends sad. Try to learn hearing NO.

6. When you talk business. Talk business, dont bring religion in business discussions. Did world ever said “ohh..chinese are evil they kill Dogs in evil ways and then eat them.. lets not do business with them??”.. we can carry both things. Being more religious doesn’t mean you dont think about business. Actually being more religious is a good thing as itnprevents corruption (as its considered a sin in Islam). We can take both simultaneously.

Thank you

 

[Adam WANG SHANGHAI MEGA]

Not true. China didn't rise to where it's at as an economic giant by handing out money all willy nilly based on friendship. It took a very smart and careful planning and a lot of hard work. U r telling me that Chinese banks and investors are giving away billions to Pak out of brotherly relations? Even real blood brothers don't hand out billions to each other. They took a calculated risk and with the expectation to be paid back with interest, which will most likely happen. The only scenario where they don't make a profit on these loans is if Pakistan goes bankrupt...even in that case there's probably going to be some collateral for whoever is providing these loans.

In addition to these monetary gains there are strategic gains for China as well. It provides an alternate route for China to import oil from the Persian gulf via the CPEC route in case if there's ever a blockade of the sea route to eastern China by either US or Japan or India or any combination of these countries.

So this claim that China is giving billions away with CPEC is just as baseless as Indians claiming that CPEC is some sort of Chinese invasion. It's only business.

yeah,maybe 1 % of China brute oil import may imported through Pakistan to China Xinjiang,which does not matter that much.
As far as I understand,China is doing you guys favor and your gov know it well.
Do not take it granted!Just like we do not take Pakistani bros freindship as granted as well.

Guys we need to focus on economy development.
You think you can not repay the loans if you use it to build a power generationplant?If so,which means you are not suitable to run the plant.
I never heared that a power plant or a dam hydro plant can lose money in long term.
Chine Three Goerge Dam making dozen of billions USD per year.

 

[airmarshal]

CPEC project based on imported oil!!! As if we already dont have problem with our imports.

These PPP and PMLN thugs would have really sunk Pakistan if each one are given another term.

 

[Adam WANG SHANGHAI MEGA]

Bro. Lets get facts straight.

1. Chinese companies are not here to rescue us. Government of Pakistan offer them the highest rate of return on IPP’s. Ranging from 18% to 30%.

2. Even the loans you talking about, have a markup added to itself. Government concession loans at2-3% markup and coorporate loans at 4-5% markup. (Which means business). Only 140+- million dollar loan (out of total 11 billion dollars) for Gwadr expressway is of 0+ interest rate and we are thankfull for that.

3. Government excluded this project from CPEC because it is based on foreign fuel. Current government in working tk stop all new power plants that run on foreign fuels to reduce imports of fuels and save dollars. Chinese companiese are more then welcome to invest in renewable, thar coal based projects at others with a promissed ROR of greater then 18% (which btw nobcountry offers you. The max is 12-13% mow a days and here we are. )

4. You said you can always shift companies to Indian, sri lanka, etc. Well, you already operate your large factories there. And no one stoped you from doing so, neither you took permission from us to invest in india nor you had to. India hosts huge manufacturing factories of chinese mobile phones, home appliances and other things. The issue is that currently only your construction companies working here. So dont tell us that your companiese can always go to any country. (As they are going. No MOu bound them from working with India. They are free). But will india offer them that much rate of return ?

5. BRI is your policy project. Similarly, every other country has its own priorities and policies. Try respecting them. Government of Pakistan is not going to built this project just so that to not make chinese friends sad. Try to learn hearing NO.

Thabk you

1)We do not want to and we cannot save anyone but ourselves.
2)18% to 30% is rediculious per year ,but not that much if it is 10 years or 30 years.
In China you get loan 100 yuans ,you need pay back 105 yuans next year,and 105.25 yauns the 2rd year if you delayed.similar rate if the year continued.
3)If you do not tkae CPEC as a favor or take it as top priority,you could treat it as normal investment.You get what you deserved for.International Investment will still flow to the most suitable areas.

 

[Kyle Sun]

About the jobs part again I'm not convinced that CPEC is creating any mass jobs for Pakistanis, China is bringing its own labour to even build roads so yeah that doesn't make sense, the only jobs Pakistanis are going to get is selling kebabs to Chinese labour.

In this regard, I can never understand why people are deadly obsessed about how many local people are hired to do the job. Building roads are not as easy as you think. I am not saying PK workers are stupid. But such project does need skillful and experienced labors who are able to get the job done quickly and reliably. It's the poor infrastructure that strangles your country's economy. The earlier you get a good infrastructure the better you can boost your economy. This is the true principal contradiction. I am not going as far as to say you are shortsighted but you really need to wake up and smell the coffee.

 

[Adam WANG SHANGHAI MEGA]

We do respect pakistani gov authority on those projects.