CPEC Financing: Is Pakistan Being Ripped Off By China?

[xyxmt]

you know you have done something right when every bad wisher and enemy is critizing it

 

[StraightShooter]

you know you have done something right when every bad wisher and enemy is critizing it

Not really.

What is happening is that Pakistan is cutting off the nose to spite the face?

Pakistan's hate for India has made it completely blind and put itself on a suicidal path to destroy India even it meant destroying itself in the process.

 

[SHAH820]

@Gufi @Kaptaan

As I said in my earlier post on this thread

China needs Pakistan to be fully dependent on China to ensure that China's strategic interests are protected in IOR. China needs a weak Pakistan which relies completely on and only on China.

China is going to takeover Pakistan's Defense, Infrastructure, Industries, Education and Agriculture sectors.

We have already seen Pakistan ineligible or moving away from Worldbank & IMF while China chipping in money to help that cause twice in the last one year itself and more such help would surely come in the near future. China has $3 Trillion reserves while Pakistan's external debt is just $75 billion. Most of that $75 billion is towards China and China would easily payoff the the remaining amount of non-Chinese debts of Pakistan to ensure all of Pakistan's debt is with China only.

Pakistan can capitalize on $100 bn Chinese agriculture sector

https://defence.pk/pdf/threads/pakistan-can-capitalize-on-100-bn-chinese-agriculture-sector.513080/

We have already seen the news that Pakistan is moving away from Worldbank and IMF as China steps in

https://defence.pk/pdf/threads/paki...r-world-bank-loans.512457/page-4#post-9769274

Pakistan may soon be ineligible for World Bank loans

https://tribune.com.pk/story/1481612/pakistan-may-soon-ineligible-world-bank-loans/

China bails out Pakistan with over $1bn in loans
Kiran Stacey, Farhan Bokhari & Henny Sender
Published 12:32 PM ET Tue, 25 April 2017 | Updated 1:13 PM ET Tue, 25 April 2017Financial Times

Aamir Quershi | AFP | Getty Images
A Chinese worker stands near trucks carrying goods during the opening of a trade project in Gwadar port, some 700 kms west of the Pakistani city of Karachi on November 13, 2016.
China has deepened its economic pull over its neighbour Pakistan over the past year, providing over $1bn in loans to help the South Asian country stave off a potential currency crisis.

State-backed Chinese banks have come to the nuclear-armed state's rescue on two separate occasions, officials have told the Financial Times, with $900m coming in 2016, followed by another $300m in the first three months of this year.

The loans demonstrate the perilous fragility of Pakistan's stocks of foreign currency, which have been depleted in the past few months as imports have risen while both exports and inbound remittances from Pakistanis abroad have fallen.

Beijing's financial help also underlines the increasingly close relationship between the two Asian neighbours amid strains between Pakistan and the US.

Beijing is preparing to invest at least $52bn in Pakistan to build a highway, energy pipelines, power generation and industrial parks from the western port of Gwadar on the Gulf to the Chinese border 3,000km to the north.

But despite its expected impact on Pakistan's competitiveness, the infrastructure project — named the China-Pakistan Economic Corridor — is set to further deplete the country's stocks of foreign currency, needed to pay the contractors and suppliers.

Figures from the State Bank of Pakistan show the country had $17.1bn of net reserves at the end of February, down from $18.9bn at the end of October and a peak of $25bn several years ago.

This has forced the country to seek emergency loans from outside sources to repay older loans made in foreign currencies.

Of the $1.2bn from the Chinese institutions, $600m came from the government-run China Development Bank and another $600m from the state-owned Industrial and Commercial Bank of China, the only mainland bank to have a branch in Pakistan. Policy banks such as CDB often act on behalf of the central bank.

One Pakistani official said: "China keeps a very close eye on our economic trends and they're happy to come to our help wherever needed."

But experts are also warning that Pakistan is likely to have to return to international institutions such as the IMF, to which it sought recourse in 2013, for further support.

"Technically speaking we should have gone back to the IMF in January, but ministers are likely to try and wait until after the election [for parliament planned for 2018]," said Vaqar Ahmed, deputy executive director of the Islamabad-based Sustainable Development Policy Institute.

One member of the ruling PML-N party confirmed to the Financial Times that ministers were loath to return to the IMF until after the election in an effort to limit the political fallout."

The IMF is a politically volatile issue in our country. If we go to the IMF to deal with our needs, that will send a very negative political signal and the opposition [parties] will use that against the government," the person said.

It was only last year that the country completed repaying the IMF debt incurred in 2013, a repayment that led policymakers in Pakistan and abroad to express optimism that the country was finally on the path to economic stability.

Christine Lagarde, the head of the IMF, called it a "moment of opportunity" for the country.


https://www.cnbc.com/2017/04/25/china-bails-out-pakistan-with-over-1bn-in-loans.html

oh my you also forgot that about 40% of pakistan agri goods are wasted due to no storage plants etc etc when china trying to import that agri goods and paying pakistan so what wrong in it ? it is more like china would be dependent on pakistan for agri goods not pakistan on china so checkmate.
now tell me india is dependent on all the other countries where india exports its agri goods ? pr it works only for pakistan

 

[EpiiC]

Will find out when CPEC is fully implemented..

 

[StraightShooter]

oh my you also forgot that about 40% of pakistan agri goods are wasted due to no storage plants etc etc when china trying to import that agri goods and paying pakistan so what wrong in it ? it is more like china would be dependent on pakistan for agri goods not pakistan on china so checkmate.
now tell me india is dependent on all the other countries where india exports its agri goods ? pr it works only for pakistan

You don't get it. An investment is always made to profit the investor. Chinese investments in Gwadar are well publicized as they are popular with normal Pakistanis as it is being projected as Sino-Pak alliance against India but the Chinese investments in agriculture sector as part of CPEC are not well publicized (even hidden) even though they make the substantial portion of CPEC.

Now think about this...

China is a Rice eating nation while Pakistan is Wheat (roti/naan/chapati) eating nation

Pakistan growing wheat means China has nothing to import

China can import rice if Pakistan cultivates rice instead of wheat.

Once China gets hold of the Pakistan's agriculture sector this transition from wheat to rice is bound to happen.

Remember, British India were growing cash crops like tobacco, cotton and sugar cane which were more profitable even as millions of Indians starved to death.

That's how the capitalist world works.

China has its eyes on Pakistan's agriculture sector as Pakistan like North Korea has better arable land that China needs to feed its growing population. Most of the Chinese land is cold frozen desert.

 

[SHAH820]

You don't get it. An investment is always made to profit the investor. Chinese investments in Gwadar are well publicized as they are popular with normal Pakistanis as it is being projected as Sino-Pak alliance against India but the Chinese investments in agriculture sector as part of CPEC are not well publicized (even hidden) even though they make the substantial portion of CPEC.

Now think about this...

China is a Rice eating nation while Pakistan is Wheat (roti/naan/chapati) eating nation

Pakistan growing wheat means China has nothing to import

China can import rice if Pakistan cultivates rice instead of wheat.

Once China gets hold of the Pakistan's agriculture sector this transition from wheat to rice is bound to happen.

Remember, British India were growing cash crops like tobacco, cotton and sugar cane which were more profitable even as millions of Indians starved to death.

That's how the capitalist world works.

China has its eyes on Pakistan's agriculture sector as Pakistan like North Korea has better arable land that China needs to feed its growing population. Most of the Chinese land is cold frozen desert.


View attachment 419517

lol you are forgetting about the fdi in india which is much higher then pakistan's so european nation are using you people and making you slaves huh? or as i says its only work for pakistan
they are fulfilling their needs with the help of pakistan they will buy new land not buying existing one and that money will go to pakistan via taxes toll charges custom charges etc etc
yep they are seeking their profit but pakistan getting money from it so it is no issue as we all know some thing is better then nothing
british came to india they attack and capture india make people their slave china not attacking pakistan or ruling over us they will work in pakistan under pakistani laws and any foreign company have to align with pakistani company ,about 30% share goes to pakistani company if they want to work inside pakistan so chances for making any EAST INDIA COMPANY is 0%

 

[Incog_nito]

I think now China might be interested in buying big assets and companies in Pakistan - especially from Govt. sector which is really good for all of us.

 

[SoulSpokesman]

My fellow Bharti Hindoo Straightshooter's posts on this thread remind me of that saying "the lady doth protest too much". Why should a Hindoo, who should be pleased at Pakistan's destruction, fulminate so much against CPEC if indeed it will end up ruining Pakistan. I suspect deep down he knows like every patriotic Pakistani like xyxymt etc here that CPEC is a gamechanger for Pakistan.

Regards

 

[Kabira]

You don't get it. An investment is always made to profit the investor. Chinese investments in Gwadar are well publicized as they are popular with normal Pakistanis as it is being projected as Sino-Pak alliance against India but the Chinese investments in agriculture sector as part of CPEC are not well publicized (even hidden) even though they make the substantial portion of CPEC.

Now think about this...

China is a Rice eating nation while Pakistan is Wheat (roti/naan/chapati) eating nation

Pakistan growing wheat means China has nothing to import

China can import rice if Pakistan cultivates rice instead of wheat.

Once China gets hold of the Pakistan's agriculture sector this transition from wheat to rice is bound to happen.

Remember, British India were growing cash crops like tobacco, cotton and sugar cane which were more profitable even as millions of Indians starved to death.

That's how the capitalist world works.

China has its eyes on Pakistan's agriculture sector as Pakistan like North Korea has better arable land that China needs to feed its growing population. Most of the Chinese land is cold frozen desert.


View attachment 419517

Pakistan still have millions of acres of uncultivated arable land which can be used by China with better management of water. If Pakistan was developed country then its lands will produce many times more crops with better tech. Still lots of potential in Pakistan agriculture.

 

[Acknowledge]

Not really.

What is happening is that Pakistan is cutting off the nose to spite the face?

Pakistan's hate for India has made it completely blind and put itself on a suicidal path to destroy India even it meant destroying itself in the process.

So whats new in this?
They made themselves a US outpost just so that they get alms and arms to be able to fight India. This is just continuity, more of the same. US of yesteryears is being swapped by China now. China will give alms and arms to Pakistan and in exchange Pakistan will serve as a semi-colony/protectorate of China.

 

[SHAH820]

So whats new in this?
They made themselves a US outpost just so that they get alms and arms to be able to fight India. This is just continuity, more of the same. US of yesteryears is being swapped by China now. China will give alms and arms to Pakistan and in exchange Pakistan will serve as a semi-colony/protectorate of China.

wow what a logic good you should get a oscar in stupidity.
now tell me all the investment in india and indian alignment with US is going to make india a NATO's slave or it only work for pakistan
or you have no knowledge about world affair and trade

 

[Acknowledge]

wow what a logic good you should get a oscar in stupidity.
now tell me all the investment in india and indian alignment with US is going to make india a NATO's slave or it only work for pakistan
or you have no knowledge about world affair and trade

If you cannot comprehend the difference between free trade investment and concessional investment done by the likes of China, then you are deliberately blind.

The powers that invest in such kinds - like US did to Pakistan in early 60's and then on, come with strings attached. They offer concessional loans or invest in guaranteed return projects, the projects if they fail then lead to situations when these powers ask for something in return to compensate. Typically they are also accompanied by more concessional loans in the defense sector which starts making the country both militarily as well as economically reliant on one patron country. Then they start making inroads and buying out key politicians and generals to maintain status quo and ensure nobody challenges their hold in that country. This doesn't play out in 1 year or even 10 years. This plays out over several decades.

If this sounds familiar - thats because it is. Pakistan has gone through this exact same route with US back in teh day. Idiots expect to the do the same thing over and over gain while expecting different results. Pakistan has always cut its own nose to spite India. Pakistan is clearly willing to pay any price to maintain parity or fight with India.

And frankly, India's collective reading of Pakistan is that Pakistan absolutely refuses to learn from history and adapt. That can be seen as how Pakistan has made the same mistake over and over again wrt India. Its symptomatic of the Pakistani behaviour.

Pakistan attacked India in 1965 and since then on has consistently tried to declare war on India by first sending in irregulars while thinking that India would not respond across the international border. This happened in 47, 65, 71, 99. Each time, your higher authorities have thought that 'this time', we have the Indians locked and they wont be able to respond. Each time they have been proved wrong when Indians went across the IB. While this assumption is valid as a theory the first time and even the second time to test for luck or coincidence. Pakistan's repeated use of this without yielding any results any time is instructive for us.

This merely shows a level of adamancy in Pakistani authorities (civil as well as military). They refuse to adapt and are bull headed. This is a tactical advantage but strategic fallacy. As has been evinced repeatedly - Pakistan is tactically brilliant but strategically dunce.

 

[GeraltofRivia]

You don't get it. An investment is always made to profit the investor. Chinese investments in Gwadar are well publicized as they are popular with normal Pakistanis as it is being projected as Sino-Pak alliance against India but the Chinese investments in agriculture sector as part of CPEC are not well publicized (even hidden) even though they make the substantial portion of CPEC.

Now think about this...

China is a Rice eating nation while Pakistan is Wheat (roti/naan/chapati) eating nation

Pakistan growing wheat means China has nothing to import

China can import rice if Pakistan cultivates rice instead of wheat.

Once China gets hold of the Pakistan's agriculture sector this transition from wheat to rice is bound to happen.

Remember, British India were growing cash crops like tobacco, cotton and sugar cane which were more profitable even as millions of Indians starved to death.

That's how the capitalist world works.

China has its eyes on Pakistan's agriculture sector as Pakistan like North Korea has better arable land that China needs to feed its growing population. Most of the Chinese land is cold frozen desert.


View attachment 419517

Um... just a very kind reminder pal, people in northern China consume more wheat flour than rice. so naturally there will be a lot demand for wheat from Pakistan. Also for your information, the typical food in northern China are:

and there are various type of noodles, like this one, all made of wheat flour as you can see...

 

[Rank]

You don't get it. An investment is always made to profit the investor. Chinese investments in Gwadar are well publicized as they are popular with normal Pakistanis as it is being projected as Sino-Pak alliance against India but the Chinese investments in agriculture sector as part of CPEC are not well publicized (even hidden) even though they make the substantial portion of CPEC.

Now think about this...

China is a Rice eating nation while Pakistan is Wheat (roti/naan/chapati) eating nation

Pakistan growing wheat means China has nothing to import

China can import rice if Pakistan cultivates rice instead of wheat.

Once China gets hold of the Pakistan's agriculture sector this transition from wheat to rice is bound to happen.

Remember, British India were growing cash crops like tobacco, cotton and sugar cane which were more profitable even as millions of Indians starved to death.

That's how the capitalist world works.

China has its eyes on Pakistan's agriculture sector as Pakistan like North Korea has better arable land that China needs to feed its growing population. Most of the Chinese land is cold frozen desert.


View attachment 419517

Stop using Indian centric Map on this forum. Use proper world map official "United Nation" recognized and disputed bordered layered map not your fucking Indian shit alien created maps .. this is not your fucking Indian bharat*****rickshaw forum

 

[DjSnake]

don't worry hindurtstanis, when china rips off pakistan, we'll come to you and unite to fight evil tyrant liu kang