My take on China investment in Pakistan .. China invests US$ 45bn – Pakistan sells out. In a recent visit to China Pakistan PM Nawaz Sherif signed the investment agreement worth US$45bn in the field of Infra , power and Gwadar port, lets look at the cost of these investment in terms of soverginity of Pakistan. Nature of investment – Probably first time in history one nation is investing in another nation without any help of native nation or any international monetary organization help, means china shall be forking out entire amount of US$45bn from its forex kitty (which is anyway huge and this amount does not make any difference to them) which is unprecedented in modern history, this kind of investment generally take place in war ravaged countries like Iraq and Afghnaistan, sadly Pakistan accept this as desperate measure as it is reeling from severe electricity crisis and infra situation is even worse. Area of investment Power – China shall set up the power plant in Pakistan with 100% ownership means in next 5 years Pakistan entire establishment shall be at the mercy of China for all electricity requirements. These power plant shall be coal based power plant and with strict time limit to complete the projects , environment concern shall be no concern as Pakistan has behave in most brazen manner in recent past. China record is even worse and these projects shall be a eye opener for the world for abuse of environmental laws. Most striking feature is that China shall supply the coal from China for these projects and project price shall escalate means more loot from China in Pakistan. I am surprised with this as Baluchistan has huge coal reserved and any power plant must use those reserves only. Above investment means China shall control the Pakistan in big way even the life of common people. Infra – China shall develop the road and logistic facility in Pakistan again with no help from Pakistan or IMF or World bank.. Means in future all Pakistani using highways have to shell out money to Chinese to travel in Pakistan. Gwadar Port – This is the investment India must be very worried and we must prepare our counter strategy for this. Gwador is very crucial port already in possession of China since 2007..(after the enhance revamped) now to supply the coal into Pakistan and most important for the Oil supply to China from Iran this port shall be used. Gwador location makes it most important port in this region as it is close to Iran and strait of homuz which is gateway to sea trade in central Asia presently China is getting oil after travelling 1600kms from central Asia and making this journey vulnerable to pirates, with this port enhancement China shall be the biggest beneficiary as oil distance shall be reduced. China and Iran shall established a refinery in Gwador which will strengthen the ties between the two devils Iran and China and this could spell trouble for India in future as Iran does not enjoy good relation with GCC and closer economic cooperation between China and Iran is alarm bell for India, though India also does business with Iran but after these projects are over Iran need of doing business shall reduce drastically and this is where the problem lies. In nutshell we have enough reason to put our best foot forward for our projects and we must adopt aggressive foreign policy against Pakistan and strategic tie ups against China and implement it. I do hope our regional politician realised that their politics shall be alive if nation is on progress path not the way TMC behaving in west Bengal. Follow me on twitter @gaurpuneet
Posted on: Thu, 27 Nov 2014 09:15:16 +0000
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