Sino-Pak projects: From Shanghai to Gwadar

[Edevelop]

By APP
Published: September 10, 2014

China is also planning to invest $50 billion in a number of projects including coal, solar and wind energy till 2017 under the Early Harvest Programme. PHOTO: FILE

LAHORE:China is planning to replicate the model of Shanghai Free Trade Zone (SFTZ) in Gwadar, said Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi as he highlighted various investment projects on Tuesday.

The official said that China is also planning to invest $50 billion into a number of projects including coal, solar and wind energy till 2017 under the Early Harvest Programme.

He added that these would enable Gwadar to create a nexus among Pakistan, Iran, China and Central Asian States that would ultimately generate billions of dollars in revenues along with several job opportunities.

“The SFTZ is a perfect model to be implemented at Gwadar. It was first used as a testing ground for a number of economic and social reforms in China and it proved very helpful in scaling up the country’s economic growth,” said Afridi.

The zone, he said, incorporated numerous relaxations in different sectors, under the FTZ’s new capital registration system — foreign investors were no longer required to contribute 15% capital within three months and full capital within two years of the establishment of a foreign invested enterprise (FIE).

The ‘one-stop application processing platform’ was introduced at the zone, he said, which meant that applicants may obtain all the necessary documents for the company establishment under one roof.

The Chinese assistance in the development of this port is essential in positively impacting the country’s economy.

Sino-Pak projects: From Shanghai to Gwadar – The Express Tribune

 

[asq]

wow. right on.

 

[Viper0011.]

By APP
Published: September 10, 2014
China is also planning to invest $50 billion in a number of projects including coal, solar and wind energy till 2017 under the Early Harvest Programme. PHOTO: FILE

LAHORE:China is planning to replicate the model of Shanghai Free Trade Zone (SFTZ) in Gwadar, said Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi as he highlighted various investment projects on Tuesday.

The zone, he said, incorporated numerous relaxations in different sectors, under the FTZ’s new capital registration system — foreign investors were no longer required to contribute 15% capital within three months and full capital within two years of the establishment of a foreign invested enterprise (FIE).

First @ cb4 thank you for always keeping track of these super important such positive developments. Great job.

Second, this entire system right here, if developed even half way, will turn Pakistan into one of the fastest growing economies and within a few years. This is why I've been saying all along to PLEASE let your system complete its turn and let the people who brought all these investors in, finish their terms.
The current team in power, has brought the investors through their reforms and attractive investment options like this article explain. NO ONE is giving money directly to the rulers or to their off shore bank accounts, that was a few years ago. ALL international institutions have gotten smarter about Pakistan and they audit the flow of the money now. ALL projects being done by the West have Transparency International's audit as part of each project so those days are over when the money used to flow to ghost government accounts. You don't want this opportunity to pass by and Pakistan gets behind again!!

 

[dawn_news]

First @ cb4 thank you for always keeping track of these super important such positive developments. Great job.

Second, this entire system right here, if developed even half way, will turn Pakistan into one of the fastest growing economies and within a few years. This is why I've been saying all along to PLEASE let your system complete its turn and let the people who brought all these investors in, finish their terms.
The current team in power, has brought the investors through their reforms and attractive investment options like this article explain. NO ONE is giving money directly to the rulers or to their off shore bank accounts, that was a few years ago. ALL international institutions have gotten smarter about Pakistan and they audit the flow of the money now. ALL projects being done by the West have Transparency International's audit as part of each project so those days are over when the money used to flow to ghost government accounts. You don't want this opportunity to pass by and Pakistan gets behind again!!

But expect someone like Imran Khan to find fault even in China investment. When whole world knows they never transfer money directly.

Will few Nawaz factories get benefit out of it by providing raw material? Yes most likely, but at least we will see actual work on ground.

 

[Kaniska]

I think Pakistan as a nation as lot of potential that needs to be tapped on...But someone can tap onto it, You have to stablize your nation. Political turmoil is not a healthy sign for any potential investor even if he is your close friend and brother....Your political party and Army has to move on rather than always trying to checkmate with each other..Once the election is over, every one should accept the result and concentrate on building the nation and economy....China has huge capital to invest and Pakistan has many untapped potential that needs to be explored...So be smart...do not engage yourself with unnecessary religion based politics across the world as long as it does not benefit your nation development..

 

[DESERT FIGHTER]

I think Pakistan as a nation as lot of potential that needs to be tapped on...But someone can tap onto it, You have to stablize your nation. Political turmoil is not a healthy sign for any potential investor even if he is your close friend and brother....Your political party and Army has to move on rather than always trying to checkmate with each other..Once the election is over, every one should accept the result and concentrate on building the nation and economy....China has huge capital to invest and Pakistan has many untapped potential that needs to be explored...So be smart...do not engage yourself with unnecessary religion based politics across the world as long as it does not benefit your nation development..

i agree with the rest of your post.. but army has nothing to do with the political fuk ups ... nawaz sharif has a habbit of turning good situations into a sh.t storm... n imran khan is a thick headed immature politicians... qadri is a mullah out for blood..

 

[Viper0011.]

Will few Nawaz factories get benefit out of it by providing raw material? Yes most likely, but at least we will see actual work on ground.

You know, that happens everywhere in the world. But here is the catch, 30 or 50 Billion dollars worth of investment will bring in HUGE economic growth, literally many, many MILLIONS will be employed and with long term careers, not to mention once this infrastructure is build, you'll need hotels, restaurants, gas stations, hospitals, supportive businesses and homes around these highways where trucks will be traveling from and to China, maintenance of highways, and all. This would jump start the entire country's economy like a vertical take off. And the economic growth will definitely take away the extremism effect as people will get busy with real jobs and careers instead of being without work, frustrated and joining these crazy organizations that then turn these people into Talibastards.

Every project usually has 10-20% deviation / cushion and risk associated to its costs. Frankly speaking if something takes 33 Billions, instead of 30 Billions (with 3 billion going to over runs, waste and corruption) but 10 million people now have actual careers and the growth goes from 4 to 6.5% of the GDP......do I really care about the 10-20% waste or whatever you want to call it? I think common sense says to forget it and let millions have careers and the country grow much more stronger.

If at that time, you realize someone abused the funds or did corruption, you go take them to the court. But you can't try to stop the investment from coming in because you "imagine" there will be corruption in the future. Its like someone thinking that they might die in a car accident one day and wasting their entire life by never sitting inside a car....

 

[dawn_news]

You know, that happens everywhere in the world. But here is the catch, 30 or 50 Billion dollars worth of investment will bring in HUGE economic growth, literally many, many MILLIONS will be employed and with long term careers, not to mentioned once this infrastructure is build, you'll need hotels, restaurants, gas stations, hospitals, supportive businesses and homes around these highways where trucks will be traveling from and to China, maintenance of highways, and all. This would jump start the entire country's economy like a vertical take off. And the economic growth will definitely take away the extremism effect as people will get busy with real jobs and careers instead of being without work, frustrated and joining these crazy organizations that then turn these people into Talibastards.

Every project usually has 10-20% deviation / cushion and risk associated to its costs. Frankly speaking if something takes 33 Billion, instead of 30 Billion (with 3 billion going to over runs, waste and corruption) but 10 million people now have actual careers and the growth goes from 4 to 6.5% of the GDP......do I really care about the 10-20% waste or whatever you want to call it? I think common sense says to forget it and let millions have careers and the country grow much more stronger.

If at that time, you realize someone abused the funds or did corruption, you go take them to the court. But you can't try to stop the investment from coming in because you "imagine" there will be corruption in the future. Its like someone thinking that they might die in a car accident one day and wasting their entire life by never sitting inside a car....

People like Qadri and IK do not understand scale of this investment, i mean Indians are thrilled because Japan will invest $34 billion in next 5 years. While China is investing $40-50 billion in next 5 years and Pak gdp is 7 times smaller then India. Not to forget unlike India, in Pak only China will invest anywhere near that amount. This is perfect oportunity to change face of Gwader and with it Pakistan.

China investment is secured despite IK sheganians but other countries now will turn away if political crisis does not end.

 

[Kaniska]

People like Qadri and IK do not understand scale of this investment, i mean Indians are thrilled because Japan will invest $34 billion in next 5 years. While China is investing $40-50 billion in next 5 years and Pak gdp is 7 times smaller then India. Not to forget unlike India, in Pak only China will invest anywhere near that amount. This is perfect oportunity to change face of Gwader and with it Pakistan.

China investment is secured despite IK sheganians but other countries now will turn away if political crisis does not end.

Spot on..for Pakistan economy, 50 Billion is like windfall and huge...So it is upto Pakistan about how fast you can provide a platform to be invested otherwise, China will not wait for you for every to invest their money..They may find alternate nations in Africa....So be aggressive and provide environment to your nation for investment.

 

[ghoul]

The fact that China is willing to invest such a huge sum is a victory on part of Sharif. Sharif has been good for economy thus far. As for IK, just make a new parliament and declare the existing D-Chowk a large mental asylum, where he can spend the rest of his life.

 

[NKVD]

$50 billion! OMG!

Modi so called $42b investment claim aka LOAN by Japan goes down the drain.

@Chak Bamu looks like troll invition kindly check