Pakistan is now slowly realising that its friendship with China which Pakistan claims is higher than mountains and deeper than oceans, the same China has quietly duped Pakistan in the name of providing security and economic prosperity by their project CPEC. The 46 Billion dollar investment by China in China Pak Economic Corridor (CPEC) which will connect Khasgar town of mineral rich restive Xinxiang province of China with Gwador port of Pakistan located on Arabian sea, via rail and road routes passing through POK and Baluchistan province of Pakistan, a total distance of 3000 kms, is not such a big panacea which Pakistan has been tom toming about. This entire project basically benefits China with Pakistan getting some crumbs thrown at it with exorbitant costs.
China has duped pakistan on china pak economic corridor
1. CHINA HAS DUPED PAKISTAN ON CHINA PAK ECONOMIC CORRIDOR (CPEC)
(Article as given by Raghvana .No contribution of mine but useful for Competition)
Pakistan is now slowly realising that its friendship with China which Pakistan claims is higher
than mountains and deeper than oceans, the same China has quietly duped Pakistan in the
name of providing security and economicprosperity by their project CPEC. The 46 Billion
dollar investment by China in China Pak Economic Corridor (CPEC) which will connect Khasgar
town of mineral rich restive Xinxiang province of China with Gwadorport of Pakistan located
on Arabian sea, via rail and road routes passing through POKand Baluchistan province of
Pakistan, a total distance of 3000 kms, is not such a big panacea which Pakistan has been tom
toming about. This entire project basically benefits China with Pakistan getting some crumbs
thrown at it with exorbitant costs.
Out of the 46 Billion dollar that china is investing in Pakistan on CPEC only 11 billion dollars
are coming from the Chinese governmental funds .These 11 billion dollars will be invested in
construction of roads and rail links. In this also China will be repaid 80 % cost by Pakistan and
Chinese contribution is only 20%. In this construction work, bulkof construction force will be
of Chinese people including Chinese labour. In otherwords despite paying back80% of the
cost of construction the jobs will go to Chinese and not the Pakistanis during construction.
The role of Pakistan will be to provide security to this entire project for which Pakistani army
will provide the wherewithal whose cost again Pakistan will bear. So it is win win situation for
China and not Pakistan.
The worst is the balance of 35 billion dollars which are being invested by China for
construction of power houses in Pakistan, along this corridor. This entire money is coming
from Chinese private sector. In all the electricity produced in Pakistan by this project
Pakistani consumer will have to pay 27% extra cost which will go to the Chinese private sector
for the money they have invested in Pakistan. This investment is a total business proposition
and Chinese government does not come into it .they have only facilitated this deal. What is
even more funny is that all these power plants will be coal based. This coal will not be the
local one which is available cheap but will come from China with less ash and environment
pollution. In other words the powerproduced by these plants the cost of production will hit
the sky and to make it viable to be affordable to aam aadmi of Pakistan the government of
Pakistan will have to subsidise it in a big way. With Pakistan economy in doldrums how
Pakistan will do it? only they can answer. Here again it is win win situation for China but not
Pakistan.
What is even more intriguing is that China says that CPEC is not meant for any other country
and that this opening of land route from Gwador Port of Pakistan is to facilitate move of oil
and other resources from Gulf region to China which would be shorterso cheaper. A recent
analysis has shown that movement of oil from gulf by oil by Tankers via sea route to China
works out 11 times cheaper than the same moved from land route via Pakistan once CPEC is
ready. So why China is so keen on this CPEC and land route? Simple China is opening this
2. route at the cost of Pakistan so that should the America & India coalition block the Malacca
Straight entry into South China sea in the time of tension , which they can any day do it ,then
China will have an alternative route for oil imports via CPEC though more costly. Once again it
is a win win situation for China then for Pakistan.
What it boils down to is, that this CPEC is no panacea for Pakistan and it will not usher
Pakistan into acche din. Rather once this project is completed then Pakistan will have no
space to manure. It will be a colony of China and will be doing bidding of China for all times to
come. Looks like Pakistan read Pakistani army due to its anti India stance is leading Pakistan
to China camp from where it will not be possible for Pakistan to wriggle out. It is important
that the right thinking Pakistanis save the situation before it becomes too late.
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