PakAlumni Worldwide: The Global Social Network

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CPEC: Separating Facts From Fiction (Urdu)

Is China using China Pakistan Economic Corridor (CPEC) to colonize Pakistan just as the British East India company colonized India centuries earlier?

Will Pakistan be caught in a massive Chinese debt trap and eventually become China's colony? What are the terms of Chinese financing and investments in CPEC projects in Pakistan?

Are Pakistanis required to pay exorbitant interest rates on infrastructure loans and unreasonably high return on equity on power plant investments?

Is there an IBM-like organized campaign of fear, uncertainty and doubt (FUD) being waged by CPEC's detractors to convince Pakistanis that it's a zero sum game in which China's gain is Pakistan's loss?

Is there no possibility of win-win in CPEC for both China and Pakistan?

Azad Labon Ke Saath host Faraz Darvesh discusses these questions in Urdu with Riaz Haq (www.riazhaq.com)

https://youtu.be/YZzea9OsC2k

Related Links:

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Campaign of Fear, Uncertainty and Doubt Against CPEC

CPEC Financing: Is China Ripping Off Pakistan?

CPEC Transforming Least Developed Parts of Pakistan

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Riaz Haq's YouTube Channel

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Views: 112

Comment by Riaz Haq on June 8, 2018 at 7:35am

Xinhua Headlines: Economic corridor changes Pakistan's business, economic landscape
Source: Xinhua| 2018-06-08 13:35:15|Editor: Lu Hui

http://www.xinhuanet.com/english/2018-06/08/c_137239583.htm


ISLAMABAD, June 8 (Xinhua) -- Five years after its launch, the China-Pakistan Economic Corridor (CPEC) has achieved magnificent results that help lay a solid infrastructure foundation for Pakistan's economic development.

Under the long-term and systematic framework of CPEC, several projects in areas of energy, transportation infrastructure and port construction have been completed.
---

Pakistan's Ministry of Energy said that the completed CPEC power projects have brought a great change in the energy sector by bringing the power cut hours to zero form 12-14 hours a day in 70 percent of the country.

Two coal-fired power projects equipped with the latest state-of-the-art environment-friendly technology -- the 1,320-megawatt Sahiwal coal-fired power project in the country's Punjab and the Port Qasim coal-fired power plant with the same capacity in southern port city Karachi -- have already started production.

The two projects are expected to generate 18 billion KWh of electricity together annually, which can cater for the needs of eight million local families.

The CPEC power projects not only have eased daily lives of Pakistanis but are also creating hundreds of thousands of jobs by helping restart the industries that were closed due to power shortage.

Besides the coal-fired power plants, CPEC also provides new energy to Pakistan so as to diversify the country's energy sources to maintain its energy security. Part of the Quaid-e-Azam Solar Park is functional and three wind power farms are also supplying electricity in southern Sindh province, while two such projects will also start their commercial operations later this year.

Pakistan's Ministry of Planning, Development and Reforms said that energy projects under CPEC will double the energy-thirsty country's current capacity of electricity production after their completion.

Yasir Rehman, an anchor from the official Pakistan Television, said that the developed infrastructure under CPEC is bringing stimulus to the Pakistani economy, creating jobs and improving business by starting a constructive process.

"Uninterrupted power supply is helping industries increase production, creating an ideal atmosphere for Pakistan's economy," said Rehman, adding that with the functionalized Gwadar port, CPEC will benefit every common Pakistani.

Gwadar, the ending point of CPEC, which was once an ignored small sluggish fishing town located at the Arabian Sea in Pakistan's southwest Balochistan Province, is now witnessing a wave of development projects which are creating new opportunities for employment and business.

Gwadar port, with the fully functional port terminal, regular cargo service, free zone, business center, is a symbol of future development and prosperity of Pakistan.

According to China Overseas Ports Holding Company (COPHC), the port's operator, some 20 companies in different businesses have already joined the Gwadar free zone with direct investment of 3 billion Chinese yuan (over 460 million U.S. dollars).

Gwadar's local people are feeling the development impetus triggered by the rapidly developing port, construction of new roads, establishment and upgrading of educational institutions and hospitals, construction of a new international airport and installation of water purification plants.

Thousands of people, from laborers to businessmen, have migrated from across the country to Gwadar to grab emerging opportunities for business and employment since the launch of CPEC.

In the meantime, CPEC has also brought major improvements and overhauls to Pakistan's transportation infrastructure by upgrading and reconstructing already existing roads and building new superhighways.

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