Comment by Riaz Haq on July 7, 2023 at 7:06pm

Chinese companies help in improving social sector


https://www.thenews.com.pk/print/1086783-chinese-companies-help-in-...

Islamabad: Chinese companies have enhanced their role in social development of Pakistan, while addressing the country’s economic and development issues. The companies are an integral part of CPEC. They are the torch bearer of this flagship project of BRI. They are not only helping Pakistan overcome its infrastructure problems but also investing in social development, skills, and environmental protection in Pakistan. All Chinese companies are investing in social development, but only a few have been selected for discussion, a report carried by Gwadar Pro. The Chinese companies not only helped to create thousands of jobs but also invested in building the capacity of hundreds of engineers and staff members.

According to available data, Huaneng Shandong Rui Group, which built the Sahiwal coal power invested in 622 employees for building their capacity and sharpen their skills. Further segregation of data shows that 245 engineers were trained following the need for required skills at plants. Port Qasim also contributed to building the capacity of engineers and staff members. Data shows that 2,600 employees benefited from the capacity-building and skill development opportunities offered by the Port Qasim plant. It trained 600 engineers and 2,000 general staff members.

It is a huge number, especially in the engineering category. It will help Pakistan; as Pakistan has a shortage of qualified and trained engineers. These companies also assisted Pakistan during floods and COVID-19. Second, the Chinese Overseas Port Holding Company (COPHC) is another Chines company, which is investing in social development. The major contribution of COPHC is in the sectors of education, waste management, environmental protection, and the provision of food.

Comment by Riaz Haq on July 30, 2023 at 5:30pm

The mega undertaking (China-Pakistan Economic Corridor or CPEC) has created nearly 200,000 direct local jobs, built more than 1,400 kilometers (870 miles) of highways and roads, and added 8,000 megawatts of electricity to the national grid, ending years of blackouts caused by power outages in the country of 230 million people.


https://www.voanews.com/a/top-china-official-visits-pakistan-markin...


Chinese Foreign Ministry spokesman Wang Wenbin told reporters in Beijing earlier this month that CPEC projects "are flourishing all across Pakistan," making a "tangible contribution" to the national development of the country and to regional connectivity.

But critics say many projects have suffered delays, including several much-touted industrial zones that were supposed to help Pakistan enhance its exports to earn much-needed foreign exchange.

The country's declining dollar reserves have prevented Islamabad from paying Chinese power producers, leading to strains in many ties.

Pakistan owes more than $1.26 billion (350 billion rupees) to Chinese power plants. The amount keeps growing, and China has been reluctant to defer or restructure the payment and CPEC debts. All the Chinese loans – both government and commercial banks – makeup nearly 30% of Islamabad's external debt.

Some critics blame CPEC investments for contributing to Pakistan's economic troubles. The government fended off the risk of an imminent default by securing a short-term $3 billion International Monetary Fund bailout agreement this month.

Security threats to its citizens and interests in Pakistan have also been a cause of concern for China. Militant attacks have killed several Chinese nationals in recent years, prompting Beijing to press Islamabad to ensure security measures for CPEC projects.

Diplomatic sources told VOA that China has lately directed its diplomats and citizens working on CPEC programs to strictly limit their movements and avoid visiting certain Pakistani cities for security reasons.

"They [Chinese] believe this security issue is becoming an impediment in taking CPEC forward," Senator Mushahid Hussain, the chairman of the defense committee of the upper house of the Pakistani parliament, told VOA in an interview earlier this month.

"Recurring expressions of concern about the safety and security of Chinese citizens and investors in Pakistan by top Chinese leaders indicate that Pakistan's promises of 'foolproof security' for Chinese working in Pakistan have yet to be fulfilled," said Hussain, who represents Prime Minister Shehbaz Sharif's ruling party in the Senate.

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