You can continue weaving your fantasies about CPEC loans when NO senior official in Parliament will reveal the nature of these loans to parliament or to the people who will be left holding the baby.
Personally I say more power to you and those that think like you, its a sure fire recipe for the bankruptcy of Pakistan or/and Pakistan offering up its sovereignty over large parts of its territory. India will find it a lot easier to deal with Pakistan's overlords, since you lot will just be a piece on India-China chessboard.
East India company went for the same play-book and eventually gobbled up India. It took congress 150 years of concerted non-violent struggle to get them out
'Chinese-only colony' in Pakistan to house 5 lakh workers
The proposed city will be a financial district that Beijing is planning to set up in the Pakistan's port city of Gwadar to house Chinese workforce.
BusinessToday.In Last Updated: August 21, 2018 | 15:40 IST
Pic Courtesy: CPIC
- Taking its partnership with China a notch further, Pakistan is reportedly building a city to house half a million Chinese nationals at a cost of $150 million in port city of Gwadar. The planned city is a part of ambitious China-Pakistan Economic Corridor (CPEC) which aims to improve connectivity between the two countries.
According to a report in The Economic Times, only Chinese citizens will live in this gated zone, thereby paving way for China's colony within Pakistan. The proposed city will be a financial district that Beijing is planning to set up in the Pakistan's port city to house Chinese workforce.
China-Pak Investment Corporation has bought the 3.6-million square foot International Port City and will build a gated community for the anticipated 5,00,000 Chinese professionals who will be located by 2022, the report said.
The CPEC is Pakistan's most important national project that aims to revive the country's sputtering economy. Both Islamabad and Beijing have worked together on this 'flagship' project under the ambitious Belt and Road initiative (BRI) to develop railway infrastructure, pipelines, highways and maritime links. This is part of China's larger plan to gain influence in the region. Over 20 CPEC projects worth over $27 billion are currently being implemented all across Pakistan.
China already has exclusive townships for its citizens in Africa and Central Asia.
The first agreement between the two countries was signed in 2014, as per which China would invest in projects worth over $46 billion under the CPEC framework; the amount could grow up to $62 billion in a few years. In the name of CPEC, China has been consistently helping its 'all-weather friend' with financial loans.
Pakistan received $4.5 billion worth of loans from China in the fiscal year 2017-18 in addition to a $1.5 billion trade finance facility. In the preceding year, China had extended loans worth $3.9 billion to Pakistan. This year, China aims to pump in $2 billion to help Islamabad meet its foreign currency needs of which over $1 billion have already been disbursed.
In the last fiscal, Pakistan managed to obtain roughly $10 billion dollars to service the foreign debt. The CPEC repayments will start from 2020, and by 2024 Islamabad will have to pay Beijing $4.5 billion annually. This, in addition to the $22 billion capital goods import required in next three years for completion of these projects.
https://www.businesstoday.in/curren...ional-port-city-cpec-gwadar/story/281497.html
Lmao, so I prove your dumb figures wrong with actual projects and interest rates and the best you could do was not even answer that and instead give me another round of meaning-less words, words will remain words without backing. You want to believe that, that is fine.
Also, funny how this article tries to convince us that this is a colonization effort because they're producing a gated housing for the Chinese professionals currently risking their lives in Pakistan to help with the CPEC projects. Very funny way to spin off gated housing as a 'city' too! Please tell me which city exactly costs $150 million, lmao. Even the Raqqa city in Syria only hosted around 150,000 people and recently after being bombed and destroyed, it's been estimated that it will cost $1 billion to rebuild!
But you know what, no need to worry, since you believe that Pakistan will lose territory and be a satellite state, India should not worry at all, it serves their purpose of disintegrating Pakistan, in fact India should be thanking China and promoting the project so this can happen at the earliest
Also, for your kind information, during developmental works of Karakoram Highway in 2011 post-earthquake, Chinese soldiers were also deployed in Gilgit Baltistan to protect the Chinese workers, wondering when was the allegations back then, hmm.
Keep being butthurt!
