CPEC income to be more than Pakistan budget: Minister

[Sliver]

This is the real game.

The moment china gets access to warm water,
the first hit will be on US dollar.

how? please explain.

 

[BetterPakistan]

I did not know that the exchange rate is determined by the number of functioning berths in deep sea ports. After all, he is the Provincial Minister for Education. He must be an edumacated person to hold that post.

I guess he is trying to say that Current Account Deficit will turn into Current Account Surplus and our budget is about $50 bn so if our current account surplus reaches that point than value of pkr will increase but its quite risky so I guess Pak government won't go for such move instead they will print more money to maintain value of PKR in such a scenario.

 

[DarX]

He further said that after completely functioning of Gwadar deep sea port and CPEC, US dollar would be available at Pk Rs 1.75, as saying, due to 67 berths at Dubai Port, US dollar was available at UAE Dirham 3.31. “Value of US dollar will decline at amazing level as 120 berths of Gwadar deep sea port and CPEC route completely start functioning,” he said.


https://pakobserver.net/cpec-income-pakistan-budget-minister/

Haha.. Would someone please tell the honorable minister that if the PKR exchange rate were to fall to 1.75 to 1 USD, it would kill whatever little exports Pakistan is able deliver currently?

 

[Mr ambassador]

how? please explain.

Sir , can you imagine what impacts will be on the US economy ''IF'' china demands to get her trillions of dollars debits in Yuan currency instead of dollars from you ? .

The US will rush to collect Yuan from the world market to repay her debit as naturally it will increase its value with falling dollar.


Dollar will collapse but china will not do at this time. China still needs ten years more to feed this sweet poison (loans )


Yuan will replace petro-dollar.

 

[VCheng]

I guess he is trying to say that Current Account Deficit will turn into Current Account Surplus and our budget is about $50 bn so if our current account surplus reaches that point than value of pkr will increase but its quite risky so I guess Pak government won't go for such move instead they will print more money to maintain value of PKR in such a scenario.

I think what he said was only josh-e-khitabat.

Sir , can you imagine what impacts will be on the US economy ''IF'' china demands to get her trillions of dollars debits in Yuan currency instead of dollars from you ? .

The US will rush to collect Yuan from the world market to repay her debit as naturally it will increase its value with falling dollar.


Dollar will collapse but china will not do at this time. China still needs ten years more to feed this sweet poison (loans )


Yuan will replace petro-dollar.

The dollar already died seven times last year. It is DEAD, I tell you, already.

 

[Mr ambassador]

I think what he said was only josh-e-khitabat.



The dollar already died seven times last year. It is DEAD, I tell you, already.

No sir , dollar is still ruling world markets.


Dollar currency can be dead within hours IF Arab rulers use brain cells.

 

[武成王]

Hmm, an authoritative newspaper will announce the 8th death of dollar tomorrow morning.

 

[Sliver]

Sir , can you imagine what impacts will be on the US economy ''IF'' china demands to get her trillions of dollars debits in Yuan currency instead of dollars from you ? .

The US will rush to collect Yuan from the world market to repay her debit as naturally it will increase its value with falling dollar.


Dollar will collapse but china will not do at this time. China still needs ten years more to feed this sweet poison (loans )


Yuan will replace petro-dollar.

1) when the "loans" are issued- the mode of payment is determined at that time - you cannot change the conditions of loans in a one sided way
2) dollar will collapse - the Yuan is not fully convertible as of now. if at al, the gwadar port area will be one of the first experiments where the chinese will try a semi convertible yuan. in effect, the conversion costs that outside world pays for Yuan is determined by market forces whereas the conversion costs within mainland china is determined by chinese premier bank - not an ideal situation for any currency that wishes to get into the global currency basket.
3) Yuan will replace petro-dollar: the Yuan can replace anything and anywhere the parties agree. there is currently a currency swap agreement between pakistan and China to the tune of $500 million (I think - not sure on the number, but very sure on the agreement does exist) so whervere possible any entities are free to work with Yuan or Pakistani currency. however, to "replace" USD is to make all other countries also to retire the USD as global currency - not going to happen anytime soon, certainly not going to happen "The moment china gets access to warm water".
4 Chinese loans are sweet poison - then how come Pakistan has loans from China?

The dollar already died seven times last year. It is DEAD, I tell you, already.

in this forum it dies every day mate.

 

[Trango Towers]

This is the real game.

The moment china gets access to warm water,
the first hit will be on US dollar.

It's ports dont freeze?

 

[BetterPakistan]

I think what he said was only josh-e-khitabat.

Even Gen Kiyani during the initialization of CPEC at his times stated that annual revenue will touch $60 bn dollar. This has been stated again & again but the real thing is how it is managed.

CPEC toll and other revenues could be in billion of dollars yearly but we have to manage this project effectively cause it can be like our oil fortune.

 

[VCheng]

Even Gen Kiyani during the initialization of CPEC at his times stated that annual revenue will touch $60 bn dollar. This has been stated again & again but the real thing is how it is managed.

CPEC toll and other revenues could be in billion of dollars yearly but we have to manage this project effectively cause it can be like our oil fortune.

I was referring to the 1.75:1 exchange rate to the dollar.

 

[BetterPakistan]

I was referring to the 1.75:1 exchange rate to the dollar.

its totally impossible.

Even if such a chance come our govt will not let that happen. It will destroy our economy

 

[Sharpshooter12]

He said that Dubai port has 67 berths and added that ships anchored in deep sea instead at dock of Dubai port as anchoring of ships at berths was not available at Dubai port. “Instead, Gwadar deep sea port having 120 berths provided with facility to ships to be anchored at berths due to its deep sea,” he said. He said that US dollar was available at UAE Dirham 3.31 due to international importance of Dubai port and added that Gwadar port was going to become more important than Dubai port.

First of all WTF minister, what kind of analogy are you trying to draw here.

But even if we accept this twisted logic of his, China will be receiving 91% of the revenue generated through Gwadar for the next 40 years so even by his logic it is not PKR that will appreciate but rather the Renminbi.

After all, he is the Provincial Minister for Education.

Higher education sir, he's minister of Higher education

 

[VCheng]

its totally impossible.

Even if such a chance come our govt will not let that happen. It will destroy our economy

But, as I was corrected, he be da High Minishter faar Ejjukayshun:

Higher education sir, he's minister of Higher education

He must be correct.

 

[Adam WANG SHANGHAI MEGA]

So what a

What are u trying to say?

And if these are ur conditions for investment. Why dint you guys do some assessment before signing CPEC


Anything is possible with our politicians.

But worrying part he is trying to lie in front
front of general public on most important CPEC



Already comparing with dubai huh? Ur only customer will be China. Who else would be reading via Gwadar Port?

As I said gov money from CHINA central gov may give little attention to profits even losing money they CCP can handle it,I think you and I can agree that the 60billions USD from CHINA gov shows sino-pak good relationship,AND i support this CPEC between two govs....
and,if possible,I would like personally donate 200 000 yuans to PAKISTAN and yet
zero yuan to North Korea coz they do not respect anyone whatever good deeds you provide!
But for private investors,do not count them for none proft deeds,they can not afford losing money,even JACK MA has to eventually report to his shareholders!

CHINA high ways

and naked soil road in my hometown of ANHUI

you tell me where you want to invest to your money build a company if you are a business man?
You are not asking private company to build roads and railways themselves right?
COZ if they doing this they would be bankrupt!