China to provide 'multiple forms of bailout packages' to Pakistan: official

[UKBengali]

China has the largest reserves. Only a fool would decline Chinese investment. Of course the modalities have to be worked out, but everyone knows where the cash is.

It is funny the West lectures us about the dangers of trading and cooperating with "evil" China when the biggest lenders are Western nations and institutes themselves. Today many nations have put all of their eggs in one basket which is the Western basket.



Who says that other nations aren't interested in Chinese FDI? China is already investing in many other nations around the world. Pakistan is just one nation.

Secondly you are putting your eggs in one basket. The Western nations all have a similar business model. In fact the whole system is essentially collectively one. America dictates this economic system. If the Americans say A it is A. All other Western nations follow the dictation. That is hardly an independent system.

BD is not putting all it's eggs on the Western system.
It's export to non-Western countries is rising quicker than to the West.
Pakistan clearly has one option and that is China - bad for Pakistani independence over the long run.

 

[N.Siddiqui]

Agreed, but do you think it is an India specific phenomenon ???

Ironically a Pakistani should be the last one pointing fingers on India w.r.t money laundering. When Pakistan ltself is in FATF list. LOL

The point should be why India isn't in the list...with much bigger money laundering volume, many in Panama list.

 

[Tom M]

1 litter petrol Karachi $0.7
1 litter petrol Mumbai $1.1
1 litter petrol Chitagong $1.04
1 litter petrol Tokyo $1.39
1 litter petrol Paris $1.7

Ironically the major component of these prices are indirect taxes in all the above mentioned countries/cities except Karachi (which I'm not sure). The money thus collected go into the national treasury which is used in running the country.

Had your country properly managed the tax regime like this. The Pak government wouldn't had to run around desperately as they are doing now. Very bad, very sad.

 

[Abdussamad]

I am just so happy after CPEC cooperation between China and Pakistan. Who could have thought that Pakistan would ever get out of American grip after the WoT fiasco. It is a fvcking miracle if we think about it. No more American shoddy aid which compromises national interests. No more US bidding. No more drone strikes and humiliation. Just pure trade and mutual economic benefit between China and Pakistan. I am all for it. This is unreal and a welcome change for Pakistan. We couldn't have wished for a better economic and defence partner than China.

We are on the verge of another IMF bailout. Rupee was devalued yet again just a couple of days ago as part of the pre-conditions for an IMF bailout. So what makes you think we are no longer under the thumb of the US? In what universe are you living?

 

[Muhammad Omar]

This is bloody awesome news.

LOL be ready for more debt-trap lecturing from Rapistan, USA and the West.

But but East India Company

 

[Tom M]

The point should be why India isn't in the list...with much bigger money laundering volume, many in Panama list.

Because members and office bearers of FATF are not fools.

And India has already punished and are in the process of investigating similar cases with 100% transparency which is fully available for any foreign agency scrutinies. Our government don't stone wall the details of our loans, debts or FDI's from anyone.

 

[UKBengali]

We are on the verge of another IMF bailout. Rupee was devalued yet again just a couple of days ago as part of the pre-conditions for an IMF bailout. So what makes you think we are no longer under the thumb of the US? In what universe are you living?

Unfortunately some Pakistanis do not realise that Chinese and Pakistani interests will not always align.
Nothing comes for free in this world.

So what makes you think other countries are not investing? Saudis are. Qatari are Turkish are and the list goes on. The reason China gets mentioned a lot is because of foreign propaganda and counter propaganda. China is world's leading economy and if they are investing it means they mean business so wake up Pakistan is an important country from one side or an other. There are perks of being a military power and strategically located you will not understand these.

In this world you make money by trade and you will be always reliant on your customers.

If tomorrow all the buyers of US products ditch whole US economy will collapse in days.

China is investing many times more than all other countries put together.

 

[rak_987]

Because members and office bearers of FATF are not fools.

And India has already punished and are in the process of investigating similar cases with 100% transparency which is fully available for any foreign agency scrutinies. Our government don't stone wall the details of our loans, debts or FDI's from anyone.

What action Indian Govt. took on Indians named in the panama leaks like Amitabh Bachchan and others.

Rofl one indian scam is total of Bangladesh and Pakistan corruption put together. Investigating cases with 100% transparency...
Not only your govt. but your media also stonewall information to hide your corruption e.g. Vyapam scam.

 

[N.Siddiqui]

Because members and office bearers of FATF are not fools.

And India has already punished and are in the process of investigating similar cases with 100% transparency which is fully available for any foreign agency scrutinies. Our government don't stone wall the details of our loans, debts or FDI's from anyone.

More than that FATF is a political thing to strangulate countries...why Iran and N. Korea is in the FATF black list, don't think much money laundering is done through these countries.

You tow the US, West line you are in the good books...Pakistan dilly dallying the IMF package and getting strategically closer to China, the west Pariah state, will cost more pain for Pakistan...need to get ready for that, just like the current Turkey situation...

 

[Tom M]

We are on the verge of another IMF bailout. Rupee was devalued yet again just a couple of days ago as part of the pre-conditions for an IMF bailout. So what makes you think we are no longer under the thumb of the US? In what universe are you living?

Mark my words. However difficult the situation may be. Pakistan will not go with IMF bailout package this time.

 

[UKBengali]

1 liter of petrol in Karachi costs $ 0.7
1 liter of petrol in Mumbai costs $1.1

Living standard in Pakistan is much better than India. @Tom M

1 liter of petrol in Bangladesh costs $ 1.04
@UKBengali

Agree that Pakistan still has higher living standards than BD but the gap will close to zero within the next 5 years.

 

[rak_987]

Unfortunately some Pakistanis do not realise that Chinese and Pakistani interests will not always align.
Nothing comes for free in this world.



China is investing many times more than all other countries put together.

No country's interests align 100%. Atleast Chinese are not stealing computers from Pakistani embassy. Stonewalling ambassador designation like Bangladesh for an year now. Most of all they don't take diktats or act as a proxy like India's Eastern neighbour. Funny thing is that nation's poster commenting on a country which has completely destroyed its ties with.

@N.Siddiqui

FATF is G7 tool with whom Pakistan does'nt have any major ties to begin with. We don;t have any tech transfer or other crucial sharing. Plus the multilateral agencies that have been pumping money in Pakistan areall Chinese like AIIB. Sri Lanka is also on FATF grey list, it can put more scrutiny but can't block funding of multilateral organizations.

 

[JohnWick]

Agree that Pakistan still has higher living standards than BD but the gap will close to zero within the next 5 years.

It not gonna happen...

 

[UKBengali]

It not gonna happen...

Pakistan per capita is forecast to barely rise while BD will rise by 6% a year over next 5 years.

 

[JohnWick]

Pakistan per capita is forecast to barely rise while BD will rise by 6% a year over next 5 years.

Not worth it.