Pakistan wins China investment worth $42 billion

[xyxmt]

Investment or loans with huge interest?

read the article again, I know you PTIers hate reading but try it anyway its the easiest thing

 

[Norwegian]

read the article again, I know you PTIers hate reading but try it anyway its the easiest thing

Don't be a fool! No foreign country invests billions of dollars without any kind of return or favor!

 

[xyxmt]

Don't be a fool! No foreign country invests billions of dollars without any kind of return or favor!

no foreign country loans you that much either
Article clearly says signed projects and MOUs worth 42 billions, you can sign MOU worth 2 trillion no one is going to stop you.
major part of it maybe a paper project, but few projects will be done in time for NS to be our next great Prime minister again
if that happens then Kaddu ka halwa everyday for everyone

 

[pursuit of happiness]

China on Saturday promised neighbouring Pakistan investment worth $42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.

View attachment 149103
Pakistan's Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and memorandums mostly centred on the energy sector as he met Chinese President Xi Jinping in Beijing.

Pakistan, a close ally of China, suffers from chronic electricity shortages and Islamabad has long sought investment in coal-fired power stations which it sees as a solution to the problem.

Other countries have balked from such investments, sometimes on environmental grounds.

The new agreements pave the way for Chinese state-owned companies to help build at least four new power stations in Pakistan, while the deals also cover the supply and mining of coal, the prime minister's press office said.

"The deals being signed between China and Pakistan are worth $42 billion. The whole investment is being made by China," said Amir Zamir, spokesman for Pakistan's ministry of planning and development.


"There is no loan or aid for the energy projects, but pure investment by the Chinese," he told AFP.

Pakistan has for decades been China's closest ally in South Asia, and Beijing is a major trading partner and key supplier of military technology to Islamabad.

Pakistan borders the far-western Chinese region of Xinjiang, which has seen a series of clashes and attacks on civilians that have left more than 200 dead in the past year.

Beijing blames some of the region's violence on an organised terrorist group it calls the East Turkestan Islamic Movement (ETIM) seeking independence for the region, home to the mostly-Muslim Uighur minority.

Many analysts doubt that any large scale organisation of the kind exists, while rights groups blame the violence on what they call the repression of Uighur language and culture by Beijing.

Sharif told Xi that Pakistan would "resolutely fight the East Turkestan Islamic Movement terrorist force," China's foreign ministry said in a statement following the meeting in Beijing.

"We stand behind China on all the core issues like Taiwan and Tibet to human rights, the fight against the ETIM," Sharif added within earshot of journalists.

Xi was forced to cancel a planned trip to Pakistan in September due to anti-government protests in Islamabad.

But the Chinese president visited Pakistan's arch-rival India the same month, signing a raft of deals.

Sharif acknowledged that "somehow the circumstances led to the postponement of the visit," adding to Xi: "I believe you will be visiting Pakistan very soon."

--
link please

 

[Norwegian]

no foreign country loans you that much either
major part of it maybe a paper project, but few projects will be done in time for NS to be our next great Prime minister again
if that happens then Kaddu ka halwa everyday for everyone

LOL. So NS signs billion dollar deal with China, built a few fancy motorways here and there and installs coal fueled power generators mostly in Punjab, and woops he wins next elections? What kind of a fool but a blind patwari would follow that kind of a logic? If people voted Nawaz for building roads and generators, they should have voted Bahria Town's Malik Riaz because he is 1000x more competent in this field of construction than Noora!

 

[xyxmt]

LOL. So NS signs billion dollar deal with China, built a few fancy motorways here and there and installs coal fueled power generators mostly in Punjab, and woops he wins next elections? What kind of a fool but a blind patwari would follow that kind of a logic? If people voted Nawaz for building roads and generators, they should have voted Bahria Town's Malik Riaz because he is 1000x more competent in this field of construction than Noora!

shows the capacity of your country, thats your human capital, still proud of being PAkistani?

 

[Norwegian]

shows the capacity of your country

People didn't vote for PMLN or his people would have rallied against IK dharna all over the country. Why are patwaris so silent on the ground if they really voted for pMLN?

 

[xyxmt]

People didn't vote for PMLN or his people would have rallied against IK dharna all over the country. Why are patwaris so silent on the ground if they really voted for pMLN?

what should Patwaris do? they are in govt, do you want them to do a dharna also...against themself?
they are winners so they dont need to "Ro Nawaz Ro", hence its "Ro Imran Ro"

 

[Norwegian]

what should Patwaris do? they are in govt, do you want them to do a dharna also...against themself?
they are winners so they dont need to "Ro Nawaz Ro", hence its "Ro Imran Ro"

Total BS. Back in 2013 when anti-government forces were protesting against Erdogan's government, he popularly initiated counter-protests which were effective enough to demonstrate real people's power in Turkey:

Turkey PM says ‘duty’ to oust protesters as clashes rage – The Express Tribune

What went wrong with Noora? Is he scared he does not have real street support unlike IK?

 

[xyxmt]

Total BS. Back in 2013 when anti-government forces were protesting against Erdogan's government, he popularly initiated counter-protests which were effective enough to demonstrate real people's power in Turkey:
View attachment 152256
Turkey PM says ‘duty’ to oust protesters as clashes rage – The Express Tribune

What went wrong with Noora? Is he scared he does not have real street support unlike IK?

Do a poll on PDF how many supports PTI and how many support PMLN.
PTI is no threat to PMLN as yet. At the initial stage of Dharna (with TUQ) it look like a threat but your lame leader lost that opportunity as he always does. PMLN kept saying they have accepted 5 out of 6 demands and Imran kept denying it because he wants to be the PM so bad...two days ago in some speech he admitted that PMLN had accepted their 5 demands then. he is such a lier.

then 5 minutes later he was telling his Pakistanis "mere Pakistanio hamesha sach bolna"

I would have all the respect for Imran if he insisted on police and judicial reforms instead of pushing for his opportunity to be the PM

 

[Icewolf]

Even if it is a loan it will bring good investment to Pakistan

 

[Asian.Century]

BEIJING, Nov.7 (APP): Minister for Planning, Development and Reform Ahsan Iqbal on Friday said that Pakistan and China would sign $45 billion agreements during the ongoing visit of Prime Minister Muhammad Nawaz Sharif to China.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pakistan, China to sign $45 Bn agreements: Ahsan Iqbal

 

[INDIC]

BEIJING, Nov.7 (APP): Minister for Planning, Development and Reform Ahsan Iqbal on Friday said that Pakistan and China would sign $45 billion agreements during the ongoing visit of Prime Minister Muhammad Nawaz Sharif to China.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pakistan, China to sign $45 Bn agreements: Ahsan Iqbal

I am reading of this tens of billions of Chinese investment in Pakistan since many year even during Zardari's time, when is the money coming.

 

[JohnyD]

Chinese investment in Pakistan means - Chinese Machinery for projects, Chinese People for Projects, Chinese Banks for funding the projects ...Pakistan will get something which will be indebted to China for many decades to come... I think, Pakistan being close ally of China, deserves some real investment in China in fields of human capital and industrial development.!

 

[dil_dil]

ISLAMABAD: The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday.

The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif during a visit to China earlier this month.

At the time, officials provided few details of the projects or the financing for the deal, dubbed the China-Pak Economic Corridor (CPEC).

The deal further cements ties between Pakistan and China at a time when Pakistan is nervous about waning US support as troops pull out of Afghanistan. Pakistan and China, both nuclear-armed nations, consider each other close friends.

Their ties are underpinned by common wariness of India and a desire to hedge against US influence in South Asia.

Documents seen by Reuters show that China has promised to invest around $33.8 billion in various energy projects and $11.8 billion in infrastructure projects.

Two members of Pakistan’s planning commission, the focal ministry for the CPEC, and a senior official at the ministry of water and power shared the details of the projects.

The deal says the Chinese government and banks, including China Development Bank, and the Industrial and Commercial Bank of China Ltd (ICBC), one of China’s ‘Big Four’ state-owned commercial banks, will loan funds to Chinese companies, who will invest in the projects as commercial ventures.

“Pakistan will not be taking on any more debt through these projects,” said Minister for Water and Power Khawaja Asif.

Major Chinese companies investing in Pakistan’s energy sector will include China’s Three Gorges Corp, which built the world’s biggest hydro power scheme, and China Power International Development Ltd.

Sharif signed more than 20 agreements during his trip to China earlier this month, including $622 million for projects related to the deepwater, strategically important Gwadar port, which China is developing.

The port is close to the Strait of Hormuz, a key oil shipping lane. It could open up an energy and trade corridor from the Gulf across Pakistan to western China that could be used by the Chinese Navy – potentially upsetting rival India.

Pakistan sees the latest round of Chinese investments as key to its efforts to solve power shortages that have crippled its economy.

Blackouts lasting more than half a day in some areas have sparked violent protests and undermined an economy already beset by high unemployment, widespread poverty, crime and sectarian and insurgent violence.

Under the CPEC agreement, $15.5 billion worth of coal, wind, solar and hydro energy projects will come online by 2017 and add 10,400 megawatts of energy to the national grid, officials said.

An additional 6,120 megawatts will be added to the national grid at a cost of $18.2 billion by 2021.

“In total we will add 16,000 MW of electricity through coal, wind, solar and hydel plants in the next seven years and reduce power shortage by 4,000 to 7,000 megawatts,” said Asif.

“This will take care of a growing demand for power by a growing economy.”

The CPEC deal also includes $5.9 billion for road projects and $3.7 billion for railway projects, all to be developed by 2017.

A $44 million optical fibre cable between China and Pakistan is due to be built.

China commits $45.6 billion for economic corridor with Pakistan – The Express Tribune