Pakistan turns down cheaper loan offer from Japan

[Dalit]

listen you Indian Canadian troll your days are numbered, if not @Oscar then some other competent mod will ban you for trolling Pakistanis.

You think we are all stupid here? Who are you calling an Indian? Look in the mirror. You will see one.

 

[MultaniGuy]

Fvck you too.

I'm your worst nightmare. Like I said, don't think we aren't watching you. We know who you are.

Only an a$$hole would oppose Chinese cooperation with Pakistan. We can count them on one hand.

Thank you for your support.

The idiot thinks I am an Indian when I am not.

Retard you are reading someone else posts, never opposed Chinese cooperation. Looks like you are also sock account of Iqbal. Other day fucking Indian was pretending to be Saudi Arabuan and now this.

Listen you idiot, maybe you are the Indian around here trolling Pakistanis.

I am not an Indian. Prove that I am an Indian.

Only an idiot would oppose Pakistani-Chinese relationship.

it is your days which are numbered.

China calls Pakistan their "Israel." I see nothing wrong in that.

@waz please take care of @Kabira.

Thanks.

 

[Dalit]

Retard you are reading someone else posts, never opposed Chinese cooperation. Looks like you are also sock account of Iqbal. Other day fucking Indian was pretending to be Saudi Arabuan and now this.

LOL we are onto you. I have been watching you for quite some time now.

 

[MultaniGuy]

LOL we are onto you. I have been watching you for quite some time now.

Perhaps this @Kabira is the Indian here.

 

[Kabira]

LOL we are onto you. I have been watching you for quite some time now.

this exposed your another sock account, should have kept your mouth shut. Now your one liner stupid posts similar to Iqbal make sense.

 

[MultaniGuy]

this exposed your another sock account, should have kept your mouth shut. Now your one liner stupid posts similar to Iqbal make sense.

I do not know @Dalit.

Me and @Dalit are different people.

@waz please take care of @Kabira. He is trolling us.

 

[Khanate]

Japan should not be competing with China for projects in Pakistan. Japan won't succeed.

It's just good business. China understands this better than anyone.

 

[MultaniGuy]

It's just good business. China understands than better than anyone.

Yes we should entertain Japanese businessmen. Remember Pakistan first.

but at the same time the Japanese should not do any projects that compete with CPEC. CPEC is a huge project you know.

 

[Khanate]

but at the same time the Japanese should not do any projects that compete with CPEC. CPEC is a huge project you know.

CPEC is open to all Japan included.

 

[MultaniGuy]

CPEC is open to all Japan included.

Yes Japan can be a part of CPEC, but should not compete against it.

 

[Khanate]

Yes Japan can be a part of CPEC, but should not compete against it.

Why?

Its Japan's money. Let them decide how they spend it. If they want to spend it in Pakistan, I won't stop them. Competition is good for business.

 

[My-Analogous]

Pakistan turns down cheaper loan offer from Japan
By Zafar Bhutta
Published: February 18, 2018
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Pakistan has invited Japanese companies and investors to explore the option of investing in the $4-billion electricity distribution market with particular focus on modern technological solutions for service delivery to consumers. PHOTO: REUTERS

ISLAMABAD: Pakistan has turned down a loan offer from Japan for infrastructure projects at cheaper rates compared to Chinese lending for the economic corridor, arguing the country’s loan portfolio has already gone up sharply and it needs no more credit for such projects.

Talking to The Express Tribune, a senior government official revealed that the Japanese government had earlier approached Pakistan with interest in joining the $57-billion China-Pakistan Economic Corridor (CPEC).

Japan wanted to pour capital into a tunnel being built as part of CPEC, but China resisted the move, leading Pakistan to refuse the offer.




Later, Japan came up with an offer of cheap loans for building infrastructure projects in Pakistan. Japan was seeking to provide credit at rates lower than those being charged by China on its loans for CPEC projects.

At present, China is extending loans to Pakistan at London Interbank Offered Rate (Libor) plus 2-2.5%. This time too, according to the government official, Pakistan declined to accept the Japanese offer and asked it to invest in the country rather than providing cheaper credit.

“The government has decided it will not seek any more loans for infrastructure projects, instead the country will encourage investment from different countries,” he said.

Though many countries have expressed the desire to join CPEC, but nobody has so far been able to be part of this Chinese initiative.

Under CPEC, Pakistan and China have been developing scores of power projects that are expected to inject over 10,000 megawatts this year into Pakistan’s power system which currently produces around 17,000MW.

Pakistan has invited Japanese companies and investors to explore the option of investing in the $4-billion electricity distribution market with particular focus on modern technological solutions for service delivery to consumers. Since the demand and supply gap will be bridged with the completion of new power projects, the emphasis is fast shifting towards electricity supply to end-consumers with service delivery of international standards.

The government is looking to engage the private sector for better service delivery. As the power distribution network and associated gadgets could not catch up with technological advancements and state-owned distribution companies could not find enough investments, opportunities have grown for public-private partnerships in the area. In this regard, the government is considering attractive incentives including a high rate of return on investments.

While appreciating the existing cooperation with Japan, especially in the power sector, the government is also seeking Japanese assistance in building capacity of human resources at different levels in the power sector.

In this regard, the Power Division has been directed to work in close liaison with the Japanese embassy.

Published in The Express Tribune, February 18th, 2018.

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Read more: Business , CPEC , economy

We should start something like CPEC with Japan and that will balance the situation and as far as i know Chinese they don't objects things when it come to trade and if we go CPEC without harming china then they don't have any objection. Pakistan need more countries to invest. Japan also made big investments in China past few years back

 

[Count Dracula]

We should start something like CPEC with Japan and that will balance the situation and as far as i know Chinese they don't objects things when it come to trade

True words brother. China wont object to whom Pakistan chooses to do trade or business with inside Pakistan. Do you even hear yourself?

 

[My-Analogous]

True words brother. China wont object to whom Pakistan chooses to do trade or business with inside Pakistan. Do you even hear yourself?

English please

 

[Count Dracula]

English please

kya galat likh liya, btw is it true Pakistan senate has approved chinese as an official language?