Pakistan's repayments on CPEC to peak at $5b in 2022: chief economist

[ashok mourya]

Use the ships capacity to calculate tax, when it comes to delivery oil.

But bro,gwadar is a special economic zone and tax free.Technically you can't tax Chinese goods for at least 40 years.

 

[Laozi]

But bro,gwadar is a special economic zone and tax free.Technically you can't tax Chinese goods for at least 40 years.

Taxing is besides the point

Pakistan has even forgone her revenues



"On April 20, Pakistan’s minister for ports and shipping announced that his ministry has given a Chinese firm a forty-year lease for the strategic Port of Gwadar.

The lessee, state-owned China Overseas Port Holding Company, has been building out the port’s infrastructure since 2013. Under its new long-term contract, it will retain over 90 percent of revenue from Gwadar’s marine operations, plus 85 percent of the revenue from the management of an adjacent free zone. It will also benefit from the deep tax exemptions that Pakistan has granted to Chinese companies for projects related to the China Pakistan Economic Corridor (CPEC), a network of transportation infrastructure stretching from the Arabian Sea to the Chinese border."

Source: http://maritime-executive.com/article/pakistan-gives-china-a-40-year-lease-for-gwadar-port

 

[Morpheus]

But bro,gwadar is a special economic zone and tax free.Technically you can't tax Chinese goods for at least 40 years.

Tax exempt for Chinese destined good only, we can still tax goods for other countries. Right now we just have to wait and see, the corridor is partial completed right now. Once its completed, we will see the proper rates, and tax rules.

 

[Fledgingwings]

Sood se niklen ge to kuch bane ga.

 

[Samlee]

But bro,gwadar is a special economic zone and tax free.Technically you can't tax Chinese goods for at least 40 years.

We Can't Tax The Port and Free Zones But Who Said We Can't Tax The Highway and Railway Route

Remember It's Transit Fees Not Port Charges

 

[oprih]

My advice to my indian brothers who's anuses are burning due to extreme jealousy is to keep crying.

 

[danger007]

Oh hello who are you?so much worried about our country. we want, we will get that's all don't you waste your precious indian mind on our CPEC projects gaining and losing ok mind your own business

Thread opened by pak member, you are obsessed with posters..

 

[STEVEN囧]

We Can't Tax The Port and Free Zones But Who Said We Can't Tax The Highway and Railway Route

Remember It's Transit Fees Not Port Charges

Yep,you make the point...Investment is business.China and Pakistan is not idiot...Business must be mutual benefit or else it is just a flash in the pan...20 years ago,when foregin company started to invest in China,Chinese government gave them favorable policy like tax exemption for many years,cheaper land and recruit,etc.But we got management model,technical engineers and workers as well as facilitated employment and benign competition.
Sometimes the economy development is like share market which needs the capital inflow and confidence.Now Pakistan economy environment is better and better.In the near future,more and more countries will invest here.Pakistan and China is open-minded and far-sighted on this point.

 

[DJ_Viper]

Good fantasy thinking, never has been in history any country became rich due to trade route, in that case panama would have become the richest but that did not happen. Countries do not become prosperous due to labour but due to technology, the chinese are still not considered as forefront in technology and are not even considered in advanced technologies(copying is not considered as R&D).

Re-read my post again. If you still don't comprehend, re-read my post again.

The US's economic boom in the modern history really started from 1960's and beyond. Primarily due to Mr. Algore's father starting the initiative to build connected highways (and like his dad, he came up with the Internet's commercial concept of creating the "information super highway"). Take a look at the results of both, the real highways built during the 60's, and the information super highway (the internet) built in the 90's. Try to understand what both of these have brought to the US and to the entire globe. The economic importance of this route for Pakistan might dawn on you.

Just to get your logic straight. Panama is a country with less than 4 million population. Pakistan has a 200 million population and another 300 million from the Chinese side that will use this trade route for goods shipping and receiving. If Panama started to use the same sized population that would use the Panama canal, it would grow significantly within a few years. But 4 million is nothing compared to Pakistan or China or India's population. So your analysis have to have some real logic behind your posts.

 

[Vigneshwara]

Re-read my post again. If you still don't comprehend, re-read my post again.

The US's economic boom in the modern history really started from 1960's and beyond. Primarily due to Mr. Algore's father starting the initiative to build connected highways (and like his dad, he came up with the Internet's commercial concept of creating the "information super highway"). Take a look at the results of both, the real highways built during the 60's, and the information super highway (the internet) built in the 90's. Try to understand what both of these have brought to the US and to the entire globe. The economic importance of this route for Pakistan might dawn on you.

Just to get your logic straight. Panama is a country with less than 4 million population. Pakistan has a 200 million population and another 300 million from the Chinese side that will use this trade route for goods shipping and receiving. If Panama started to use the same sized population that would use the Panama canal, it would grow significantly within a few years. But 4 million is nothing compared to Pakistan or China or India's population. So your analysis have to have some real logic behind your posts.

If 4 million could not become rich with such a huge volume of trade how will 200 million benefit, road transport is the most expensive form of transportation and its profit ratio would be less.

 

[Stuttgart001]

If 4 million could not become rich with such a huge volume of trade how will 200 million benefit, road transport is the most expensive form of transportation and its profit ratio would be less.

You'd better be the leader of India .
It is the best wish of Chinese.

 

[Narcissist]

LOL

What a gay. CPEC Will save us!

Get real... this is classic overpromising. Don't expect it to be super cheap either. Ie i don't know how true this $5B a year max thing is.

 

[Roybot]

Panama Canal provides much less people goods and services. It generates about $ 5-8 billion a year in just ship tolls and its not a port, just a route. Gawader would be a port, which comes with an international trade network going to China and the Central Russian states (plus 200 million of Pakistani consumers). So getting $ 10-15 billion a year from this route and associated port isn't a big deal.

!

For the first 40 years, 90 percent of all the revenue from Gwadar port and the SEZ will go to the Chinese operator. How much revenue do you think Gwadar port and the SEZ is going to generate for Pakistan to make 10-15 Billion dollar at least !

Gwadar port will have to generate a profit of 100 Billion dollars every year, for Pakistani government to get 10 Billion dollars . Just for reference, the Port of Shanghai and the Port of Singapore, the world's most busiest ports, make a profit of 1-1.5 Billion dollars a year

We Can't Tax The Port and Free Zones But Who Said We Can't Tax The Highway and Railway Route

Remember It's Transit Fees Not Port Charges

Channel tunnel generates an annual profit of 750million-1 Billion dollars. Total toll tax collected from trucks in all of Germany is roughly 3 Billion dollars.

Once again just how much traffic are you guys expecting on CPEC, and just how much toll do you plan on charging them, to be able to pay as much as 5 Billion dollars in a year!

 

[Kabira]

But bro,gwadar is a special economic zone and tax free.Technically you can't tax Chinese goods for at least 40 years.

Couple of things to keep in mind. Most of $5b figure include profit from power plants etc Loan is small component of CPEC.

 

[Maxpane]

power plants loan isnt for pakistan but for companies who operate them. am i righ?