Pakistan’s Risky Reliance on China Set to Grow

[hussain0216]

What for? ?? Lolz it just one project..

It's many different projects, everything from energy to infrastructure just under one handy title

 

[Viking 63]

Pakistan needs to curb its economic reliance on China, Iam not against CPEC but there are many question unanswered by the Govt!! IMF report is also quite damaging and not forget the reactions in Africa about the chines investments and of course Sri Lanka !!

 

[DESERT FIGHTER]

CPEC is just a propganda,from that whole Project,Pakistan would gain nothing.If National Economies are built on collecting toll tax and transit fees from users,then Egypt would have been a rich country,so would have been Panama.
CPEC is another lolly pop like Democracy.

CPEC is being propagated as some sort of biblical shyt that’s going to hit the fan and spread prosperity.. weird example I know...

But yes, Pak is going to get stuffed thanks to Noonichods ...

 

[Kakaspai]

It's many different projects, everything from energy to infrastructure just under one handy title

yes its one project costing 60 billion dollars

 

[Asimzranger]

journalist be like

 

[DESERT FIGHTER]

Exactly my point.

We should ignore what the author has written in the diplomat article since it is utter garbage.

By the end of the day Chinese are businessmen and they will extract a pound of flesh by hook or crook. Like any other businessman!

There is no free lunch.

It’s the responsibility of GOP to protect its interests not China or America.

 

[MultaniGuy]

CPEC is being propagated as some sort of biblical shyt that’s going to hit the fan and spread prosperity.. weird example I know...

But yes, Pak is going to get stuffed thanks to Noonichods ...

CPEC is a game changer though.

What for? ?? Lolz it just one project..

It is just not a one measly project. CPEC is a huge project.

 

[hussain0216]

By the end of the day Chinese are businessmen and they will extract a pound of flesh by hook or crook. Like any other businessman!

There is no free lunch.

It’s the responsibility of GOP to protect its interests not China or America.

This will be our biggest issue not whether Chinese are trustworthy or not

Will our worthless politicians be saavy enough to get a good deal or worse will they settle for a poor deal for Pakistan in exchange for personal payment

Our own idiot politicians are a bigger risk then the Chinese who as business men will want the best deal

 

[shahbaz baig]

wtf why do you people always argue without any solution..

i will come tomorrow and edit this comment. now i am tired. cya soon

 

[PAKISTANFOREVER]

What for? ?? Lolz it just one project..

Lol........lol........CPEC is anything but just "one project". It's more of an all encompassing, pervasive and continuous program that had no set time limit. It includes the Pakistani energy, industrial, economic, infrastructure, health, scientific and technological sectors. CPEC has already created many job/employment opportunities in Pakistan. Also, under the guise of CPEC, China has done a substantial amount of TOT of advanced high-tech weapons systems to Pakistan which will boost our indigenous defence industry. This is to protect Chinese assets all over Pakistan from enemies that are common to both of us.

 

[Trisonics]

It's always fascinating to see how Pakistanis uphold the so called honor when cornered. I believe the main reason Pakistan always gets into financial trouble is because it's citizens fail to
One- question their own countrymen and government on everything.
Two- Fail to make anyone understand why they think otherwise. Pakistanis, at least on this forum, just do not understand or know how to argue back with facts or even strong reasons for the stand they take. Shooting the messenger of course is the easy route, the message and the uneasiness it creates, is always harder to tackle.

CPEC will do well for Pakistan - something I strongly believe. However, if CPEC ever fails, it's not the project but Pakistan's incompetence that will be the cause.

 

[beijingwalker]

When was the last time that China squeezed Pakistan for money?

 

[Dalit]

Why is the anti-CPEC noise only coming from Rapistan and Trumpland?

I can only LOL at Rapistan and Trumpland. They don't have a fvcking clue how to deal with CPEC. It is a nightmare coming to fruition for these two enemies of Pakistan.

I swear, the Yanks thought they had Pakistan cornered. China just singlehandedly destroyed US thoughts to simthereens LOL

The Yanks are in devastating pain. The pain is so severe that it can be felt through the article. We are going to keep adding more salt.

It's always fascinating to see how Pakistanis uphold the so called honor when cornered. I believe the main reason Pakistan always gets into financial trouble is because it's citizens fail to
One- question their own countrymen and government on everything.
Two- Fail to make anyone understand why they think otherwise. Pakistanis, at least on this forum, just do not understand or know how to argue back with facts or even strong reasons for the stand they take. Shooting the messenger of course is the easy route, the message and the uneasiness it creates, is always harder to tackle.

CPEC will do well for Pakistan - something I strongly believe. However, if CPEC ever fails, it's not the project but Pakistan's incompetence that will be the cause.

Look at this Hindu cunt for an example. He is so concerned for Pakistan's economy LOL

This is the same guy who goes around threatening Pakistan in every other thread LOL How India is going to take care of Pakistan blah blah blah. Here he is lecturing Pakistanis about the grave dangers of CPEC and doing business with China. Did this fvcker just have change of heart?

Do you for one moment think we will take your rhetoric seriously? Rapistan and Trumpland have blown their chances. These two nations are an enemy of Pakistan.

You haven't even seen half of this cooperation. Just keep watching.

 

[N.Siddiqui]

People(anti CPEC) have short memories and are shortsighted and with a lot of hindsight as well.

It's a WIN WIN for both China and Pakistan...China reliance on Pakistan to reach the warm waters of Arabian sea is actually more here than vice versa....



...and people need to be updated with some CPEC pictorial, long description of CPEC is hard to understand.

Summary:

China is financing CPEC projects at rates that are comparable to similar projects elsewhere. Chinese loans for infrastructure projects such as rails, roads and ports are at rates (2% or less) below those (3.8%) offered by the Asian Development Bank and the the World Bank. The rate of return on power project investments under CPEC is 17%, somewhat higher than the 13.75 offered by much safer US state of Alabama.

Development of physical infrastructure, including electricity and gas infrastructure, is essential for economic and social development of a country such as Pakistan. China-Pakistan Economic Corridor financing needs to be seen in the context of the large and growing infrastructure gap in Asia that threatens social and economic progress.

An unrelenting campaign of fear, uncertainty and doubt (FUD) about China-Pakistan Economic Corridor (CPEC) has been unleashed in the media in recent weeks. This strategy harkens back to the aggressive marketing techniques used by the American computer giant IBM in the 1970s to fight competition. Part of the motivation of those engaged in FUD against CPEC appears to be to check China's rise and Pakistan's rise with its friend and neighbor to the north. As in IBM's case, the greatest fear of the perpetrators of FUD is that CPEC will succeed and lift Pakistan up along with rising China. Their aim is to preserve and protect the current world order created by the Western Powers led by the United States at the end of the second world war. Pakistani government should respond to the FUD campaign against CPEC by countering it with facts and data and increasing transparency in how CPEC projects are being financed, contracted and managed.

CPEC Finance Rates vs Benchmarks:

About two-thirds of Chinese CPEC funding is for power projects while one-third is for infrastructure projects like roads, rail lines and ports.

The Chinese soft loans for CPEC infrastructure projects carry an interest rate of just 1.6%, far lower than similar loans offered by the World Bank at rates of 3.8% or higher.

Chinese companies investing in Pakistan power sector are getting loans from Chinese banks at commercial interest rates. These loans will be repaid by the Chinese companies from their income from these investments, not by Pakistani taxpayers.

The rate of return guaranteed by Pakistan power regulators to the Chinese power companies is about 17%. Is it too high, as some claim? Let's compare it to the US market considered among the safest investments in the world.

 

[Imran Khan]

china did not harm us in last 70 years then why should not we trust china and go further close to them ? while USA in a snake always bite us .its far better for paksitan to minimize relations or no relations with USA .