Hiraa
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Lol andar kitna jal rahe ho, dekh raha hai humain.
(submarine, quadcoptor, escalation at LOC)
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Lol andar kitna jal rahe ho, dekh raha hai humain.
Srilankans are struggling over Chinese loans which are 10% of their GDP, how would our other neighbor survive when it loans against 25% of it's GDP?
.
Our not so all weather friend Japan would be financing Bullet train project between Mumbai Ahmadabad worth $12 Billion with interest rate of 0.1% and moratorium period of 15 yrs (No installment to be paid for first 15 yrs) on 50 yrs repayment period. Delhi Mumbai corridor is financed@0.2%.
They narrowly beat China in getting this project which means China's deal wasn't off the mark by a big margin.
I am not creating a conspiracy, but all weather friend could do muach better than 3% or 1.6%, especially if they will use these routes for their purpose too.
http://www.thehindubusinessline.com...tations-on-soft-loan-terms/article7980794.ece
Our not so all weather friend Japan would be financing Bullet train project between Mumbai Ahmadabad worth $12 Billion@interest rate of 0.1% and moratorium period of 15 yrs (No installment to be paid for first 15 yrs) on 50 yrs repayment period. Delhi Mumbai corridor is financed@0.2%.
They narrowly beat China in getting this project which means China's deal wasn't off the mark by a big margin.
I am not creating a conspiracy, but all weather friend could do muach better than 3% or 1.6%, especially if they will use these routes for their purpose too.
http://www.thehindubusinessline.com...tations-on-soft-loan-terms/article7980794.ece
Moreover, at what rate do you think China gave loans to Srilanka?? It's 2% as per their ambassador to Srilanka.
Moreover, at what rate do you think China gave loans to Srilanka?? It's 2% as per their ambassador to Srilanka.
Our not so all weather friend Japan would be financing Bullet train project between Mumbai Ahmadabad worth $12 Billion@interest rate of 0.1% and moratorium period of 15 yrs (No installment to be paid for first 15 yrs) on 50 yrs repayment period. Delhi Mumbai corridor is financed@0.2%.
They narrowly beat China in getting this project which means China's deal wasn't off the mark by a big margin.
I am not creating a conspiracy, but all weather friend could do muach better than 3% or 1.6%, especially if they will use these routes for their purpose too.
http://www.thehindubusinessline.com...tations-on-soft-loan-terms/article7980794.ece
Moreover, at what rate do you think China gave loans to Srilanka?? It's 2% as per their ambassador to Srilanka.
Our not so all weather friend Japan would be financing Bullet train project between Mumbai Ahmadabad worth $12 Billion@interest rate of 0.1% and moratorium period of 15 yrs (No installment to be paid for first 15 yrs) on 50 yrs repayment period. Delhi Mumbai corridor is financed@0.2%.
They narrowly beat China in getting this project which means China's deal wasn't off the mark by a big margin.
I am not creating a conspiracy, but all weather friend could do muach better than 3% or 1.6%, especially if they will use these routes for their purpose too.
http://www.thehindubusinessline.com...tations-on-soft-loan-terms/article7980794.ece
Moreover, at what rate do you think China gave loans to Srilanka?? It's 2% as per their ambassador to Srilanka.
New Recruit
Sri Lanka has a debt problem
Japan has also offered Pakistan to revive KCR at 0.1% mark up rate.
http://www.thenews.com.pk/Todays-News-13-25688-Japan-ready-for-a-big-$25-billion-loan-to-Pakistan
For 22 years, PRC was treated as a pariah state barred from any exposure to western technology, trade and commerce links. During this bleak period, Pakistan stood by China. For decades it was the only window for the recluse state, when Pakistan International Airlines (PIA) was the sole international air carrier operating to and from China to the outside world. Pakistan fought the case for PRC’s recognition at the United Nations and international forums and also facilitated the rapprochement between PRC and USA. Henry Kissinger’s clandestine visit to Beijing in 1971 was organised by Pakistan. This trip became the precursor of US President Richard Nixon’s historic visit to China, which finally thawed Sino-US relations/
An excellent article and a must read for all Pakistani members on pdf (who are can read and write: literacy 101)
Definitely we can see such politicians and media person's trying their best to create doubts in the minds of common man I always wonder Pakistani establishment's inability or unwillingness to act openly against such traitors.
New Recruit
Hi, First of ALL thank you for coming back from Mars & from imagining an Interest Rate of 25% to 1.5-3%.
Being a Indian you are against CPEC rather you are our enemy and against the existence of Pakistan ...so I'm not surprised with your nasty comments about an excellent article and an excellent author .It's not an excellent article and Mr. Hali is not an excellent writer, whatever you may think of his arguments. He's has a patronizing style that treats his readers as they are idiots. Most Pakistanis -- especially those that read the English-language press -- don't a primer about CPEC. In this article, he only makes his case more than half-way through the article. For a columnist, he manages to say very little while producing so many words.
Being a Indian (especially if you are a hindu bakt.. though you may deny that) you are against CPEC rather you are our enemy and against the existence of Pakistan ...so I'm not surprised with your nasty comments about an excellent article and an excellent author because lying and deception is in your nature. so GFTO.. and don't quote my posts...you are not even funny.. STFU
Is it? Srilankan debt was 36% of GDP in 2010 and shot up to 94% in 2015. They had to take 1.5 billion bailout from IMF in 2016 just to pay Chinese interest.
If China were really serious about 7000 MW shortfall, only 15 second generation nuclear reactors can produce this much electricity which is pollution free, affordable and at much lesser building cost. We are getting electricity from Kundankulam nuclear plant with Russian reactors@Rs 4.2/unit (that's after 15 yrs of project overruns and delays!). For Indian reactors at under construction in Gujarat and Rajastan, it's less than Rs.3/unit. No matter how hard i try, I can't wrap around this coal plant logic where Chinese firms are demanding Rs 12/unit rates for Sahiwal plant and chose to bow out.
This is our actual concern, Srilanka has unwillingly become a dock for Chinese ships, can't get out of it's clutches no matter how hard they try and will regret it don't know for how many decades, i hope you don't end up creating same sort of headache for us!!
Hi Please read this ... & You are welcome !
Approximately $11 billion worth of infrastructure projects being developed by the Pakistani government will be financed by concessionary loans, with composite interest rates of 1.6%, after Pakistan successfully lobbied the Chinese government to reduce interest rates from an initial 3%
The loans are subsidised by the government of China, and are to be dispersed by the Exim Bank of China and the China Development Bank. For comparison, loans for previous Pakistani infrastructure projects financed by the World Bank carried an interest rate between 5% and 8.5%, while interest rates on market loans approach 12%.
http://www.brecorder.com/market-data/stocks-a-bonds/0/1223449/
https://www.geo.tv/latest/6270-china-converts-230m-loan-for-gwadar-airport-into-grant
The loan money would be used to finance projects which are planned and executed by the Pakistani government. Portions of the approximately $6.6 billion Karachi–Lahore Motorway are already under construction.The $2.9 billion phase which will connect the city of Multan to the city of Sukkur over a distance of 392 kilometres has also been approved,with 90% of costs to be financed by the Chinese government at concessionary interest rates, while the remaining 10% is to be financed by the Public Sector Development Programme of the Pakistani government
In May 2016, the $2.9 billion loan were given final approvals required prior to disbursement of the funds were given by the Government of the People's Republic of China on May 4, 2016, and will be concessionary loans with an interest rate of 2.0%
http://tribune.com.pk/story/1096762/cpec-eastern-alignment-pakistan-china-ink-agreements-worth-4-2b/
Out of the $46 billion CPEC investment package, roughly $11.5 billion is reserved for the road and railways infrastructure. China has promised to give concessionary loans for four infrastructure projects. Two of these projects will get interest-free loans. The composite interest rate of the four projects is over 1.6%, while the interest rate of eastern alignment projects is over 2%.
The long-planned 27.1 km long $1.6 billion Orange Line of the Lahore Metro is regarded as a commercial project, and does not qualify for the Exim Bank's 1.6% interest rate. It will instead by financed at a 2.4% interest rate after China agreed to reduce interest rates from an originally planned rate of 3.4%
he $44 million Pakistan-China Fiber Optic Project, a 820 km long fibre optic wire connecting Pakistan and China, will be constructed using concessionary loans at an interest rate of 2%, rather than the 1.6% rate applied to other projects.
There have been some other loans which are not concessionary or are not to the govt but borrowed by the Consortiums to Form thr part of Equity & are on the higher side 5-6% & Plus... but those will be supposed to paid by these companies from the revenue they will earn from Build Own Operate Basis.
https://en.wikipedia.org/wiki/Pakistan_Port_Qasim_Power_Project#Financing_and_Tariff
I had a discussion with a fellow indian a while back and i know it is not a Honey filled Deal and could've been a lot better had we a better credit rating or economic outlook.. but taking into account ALL the parameters .... it is still a pretty good deal ! (ofcourse unless our politicians fudge it up due to incompetency or due to sabotage as highlighted in article above.