Pakistan isn’t the only country that has failed to turn massive lending and construction by Chinese state companies into self-sustaining economic momentum—or that is pushing back against China. The International Monetary Fund (IMF) has been pushing Pakistan’s officials to raise taxes and power tariffs, effectively asking the Pakistani public to foot the bill for China’s rapacious practices.The United States and Western financial institutions should not help Pakistan’s ruling elites in their own and China’s predatory behavior. These numbers are way too large to have been missed as oversight or malfeasance of individuals within the companies and their Pakistani counterparts.Instead of reforming their country’s policies, Pakistan’s leaders, once again, But expecting the international community to repeatedly bail Pakistan out from one economic crisis after the other is unrealistic. The people of Pakistan deserve better.“Questions around Chinese government power and the growth of Chinese companies around the world have triggered a heightened awareness of who controls platforms and how they collect, store, or share data.”The long-struggling Afghanistan might go through a new surge of COVID-19 cases that could trigger a full-scale crisis -- unlike the first wave.Beijing is well positioned to continue growing its influence in Central Asia, though some challenges remain ahead.COVID-19 will likely have a range of significant effects on Indo-Pacific security and geopolitics in both the short and long-term.
A new report sheds light on the true costs of the China-Pakistan Economic Corridor for Pakistan.Then-Pakistani Prime Minister Nawaz Sharif, second from right, introduces then-Punjab Chief Minister Shahbaz Sharif, third from right, to Chinese Premier Li Keqiang, right, before a signing ceremony at the Great Hall of the People in Beijing July 5, 2013. Pakistan-China relations; Pakistani debt to China; COVID-19 In Asia C. July 24, 2020 How COVID-19 Will Reshape Indo-Pacific Security July 24, 2020 ‘Bad Luck’: Victoria Sees a …
Pakistan’s desire to maintain strategic relations with China has resulted in the $62 billion China-Pakistan Economic Corridor (CPEC), a set of infrastructure projects, being mired in insufficient transparency.The report reveals that the Huaneng Shandong Ruyi (Pak) Energy (HSR) or the Sahiwal and the Port Qasim Electric Power Company Limited (PQEPCL) coal plants under CPEC inflated their set-up costs.For Pakistan’s citizens, who are always told how China is their Successive civilian governments and Pakistan’s military have looked upon China as their principal backer against India.But it seems now that China is not in Pakistan to help its people but rather as a predatory economic actor.Given the close ties between CPEC and the all-powerful Pakistan military — the According to the committee’s report, “excess set-up costs of Rs. TRACTION345. Apr 15, 2020 01:05pm. Both countries signed agreements worth $28 billion to immediately kick-start early harvest projects, while projects worth $17 billion, which are in the pipeline, will follow as soon as the required studies, processes and formalities are completed. China’s chilling debt trap for Pakistan: How everything China invests goes back to it, along with a lot more Chinese investors borrow from China’s national banks to fund projects in Pakistan. Imagine the return the Chinese will generate on the $62 billion CPEC projects.