China reveals its cards for investing $20 billion in Pakistan

[Bilal.]

Peking Roast Duck is better.

Guys what the hell, stay on topic. You are making me hungry

No more food talks. Please!!!

 

[Chinese-Dragon]

Peking Roast Duck is better.

I have to disagree with you on this one buddy.

For me, nothing beats Cantonese Roast Duck.

It just has so much more juice and fat than the rather "lean" Peking Roast Duck. Just my opinion of course.

 

[jha]

Pakistan should grab this opportunity with both hands. $20 Bill. is big deal.

 

[DESERT FIGHTER]

In that case, I'm sure China wouldn't mind hiring Pakistani workers, Pakistani engineers and transferring profits to Pakistan?

Do you think they get labour etc from china?

 

[kbd-raaf]

Do you think they get labour etc from china?

That's what they've done in Africa.

 

[twocents]

Chinese have not brought their workforce in the past. They only bring Engineers and managment staff to Pakistan. This has been the case, when they were developing the telecom infrastructure in Pakistan.

On top of this investment, the transit will cost up to 20 billion as well.

With up to 40 billion being injected into our economy, and the energy crisis being permanently fixed, it will further draw in Chinese and international investment.

Pakistan should, hand over, all major projects to China to build and run, including, upgrading our obselete railway infrastructure.

As for the highlighted part, are you talking about a rail link between Gwardar port and Kashgar in Xinjiang? As far as I know China is also going to provide 100% financing ($18 billion) for the project.

 

[Sugarcane]

Even Chines company charge little higher price than others competitors still it's win for Pakistan as we don't have to worry about finding investors who agree to give us soft loans (which is impossible in current law and order situation). And track record of politicians is that it's mostly open tender projects which are full of scams and are always delayed and at the end we loose everything but get nothing. In case of Chinese at-least they deliver. Good decision by govt. go ahead and complete these projects ASAP, we need cheap energy and water reservoirs. I fully support PML-N on this.

 

[xyxmt]

Its a good offer since Pakistan currently lacks fund to complete any of these projects, but Pakistani govt should be sincere with Pakistan for once and try to get as much from Chinese as possible, Chinese are not just offering this because they are friendly towards Pakistan and Pakistan shouldn't just agree to everything Chinese are offering...try to squeeze as much as you can.

 

[RescueRanger]

 

[Kompromat]

As for the highlighted part, are you talking about a rail link between Gwardar port and Kashgar in Xinjiang? As far as I know China is also going to provide 100% financing ($18 billion) for the project.

Yes that is the project i am talking about. Added inflation and other infrastructure that might have to be built may stretch the costs to 20 billion. Lastly, Chinese firms are aggressively seeking to invest in our Thar coal reserves.

 

[Kompromat]

What the Indian trolls on this thread fail to realize, is that we are taking on almost all the financial risk.

Same with our loans to many other countries. If they can't pay the loan back for whatever reason, we are the ones who lose out.

And it's not like we could "take back" the infrastructure in the event of non-payment right? So basically they get to keep the stuff and we lose billions.

Investment is all about risk and reward. We've been playing the investment game for a long time.

In any case, China has BY FAR the most experience in building infrastructure in the developing world. Every nationality represented on this thread has Chinese involvement in their infrastructure sector, the reason is because they know we'll get the job done.

No Chinese investment has gone sour in Pakistan, the only country i can speak at the behalf of. Inshallah, no investment shall go in vain. We have more to lose from distrust with our most trusted friend.

 

[notorious_eagle]

That's highly unlikely, but I think it is still a good deal for Pakistan. A bird in the hand is worth two in the bush!

Past dealings would suggest other wise. Chinese companies operating inside Pakistan use local companies and labourers extensively.

 

[cirr]

Time is everything.

Get it done as soon as possible, And get it done at the lowest cost and highest quality。

The rest is just sourgrape。

 

[AhsanAmin]

1. Chinese are ready to invest right away. Time is a factor since cost of these projects will sharply increase with time and 'opportunity cost' to our country in terms of 'not having utilized our resources' will also continue to accumulate. Companies from most other countries would be reluctant to invest here due to bad law and order condition in our country.

2. We need to get a very fair pricing. No international tenders should not mean skewed pricing. We might be taking many benefits other than simple 'design and construction' of the projects and we have to account for them in our pricing.

3. Quality of work on the projects has to conform to international standards in terms of sound engineering techniques, good materials, minimum threat to our environment among other factors. There has to be good monitoring of the quality of work and this has to be assured in the agreement in very tactful and polite way without doubting anybody's honesty(and we do not expect that from our Chinese friends) but we know that there is always a small possibility of making cheap money in huge infrastructure projects. These projects are vital for the country and cannot be redone again.

4. We should try to get soft terms for repayment of loans in terms of both interest rates and loan duration. Since Chinese firms would be one of the major beneficiaries, their governement might be willing for very easy terms on loans.

5. We should request Chinese firms to encourage extensive particiapation of Pakistani engineers and related firms in the design of projects and all other technical matters where we may not have extensive technical expertise already in the country.

6. And of course, we will have to make sure that our Chinese friends who come here to work with us, are totally safe from any kind of threat that would deter them from working here, or coming back to Pakistan for other projects later. They must be provided comprehensive security arrangements.

 

[Gentelman]

I don't know whether it is a positive news or a negative one lol..

Are Chinese investing $22 billion in Pakistan OR they are talking about 'preferential and easy loans'? Confusing...

I wonder how much $22 billion is?

Saudis alone are investing $385 billion in their transportation, education, housing sectors...and it is a country of 35 million...

$22 billions are 2× of your military budget of 2013-14……:p