1. Now, Pakistan MPs are worried that the China-Pakistan Economic Corridor will benefit India!

Now, Pakistan MPs are worried that the China-Pakistan Economic Corridor will benefit India!

India is opposed to the proposed China-Pakistan Economic Corridor (CPEC) which will run through Pakistan-Occupied Kashmir, but what is interesting is that Pakistan itself fears that the corridor may end up benefiting India!

By: | Updated: November 18, 2016 11:03 AM
China-Pakistan, China-Pakistan Economic Corridor , Economic corridor of china pakistan Pakistan MPs have expressed skepticism that the CPEC may be used by China to boost its trade ties with India. (Reuters photo)

India is opposed to the proposed China-Pakistan Economic Corridor (CPEC) which will run through Pakistan-Occupied Kashmir, but what is interesting is that Pakistan itself fears that the corridor may end up benefiting India! According to a report in the Dawn, Pakistan MPs have expressed skepticism that the CPEC may be used by China to boost its trade ties with India. The report said that some lawmakers at the Senate Standing Committee on Planning and Development felt that China was building the corridor to “explore new vistas of trade with different countries”. This included India and other countries in Europe and Central Asia.

The report went on to add that Syed Tahir Hussain Mashhadi, the Chairman of the committee, was of the view that China will use the corridor to give an economic boost to its 8 underdeveloped provinces. This, he said, would be possible with the advantage that improved road and railway connectivity will provide. “China will definitely use the CPEC to expand trade with India because one who invests always watches one’s interests first,” Mashhadi was quoted as saying.

Also read: CPEC flip-flops show Pakistan is a high-risk country for investors: Pak media

Incidentally, earlier this month, Dawn’s editorial had criticised the CPEC, calling it a “poorly planned” project. The “constant changes” in the power projects to be constructed under CPEC send a signal to the investors that Pakistan is a “high-risk” country and dampen their “enthusiasm”, the editorial said. The editorial cited reports that two more project under CPEC may have been hit due to “reservation” about the use of imported coal. The projects include a 660MW power project, which has been shunted, and the other project in which sponsors have been asked to find foreign financing and shift to local coal. While these changes have put a “question mark” over the entire project, the government of Pakistan is all set to commission an imported LNG-based 1200 MW power plant, the editorial said.

Last week, Pakistan PM Nawaz Sharif inaugurated the start of operational activities at the coastal town of Gwadar in southwestern Balochistan province. The revamped Gwadar port is a strategic deep seaport in the $46 billion China-Pakistan Economic Corridor. With the inauguration, the port became operational in Pakistan’s restive Balochistan.

  1. A
    A G
    Mar 17, 2017 at 1:55 pm
    There is no question of India using the CPEC and thus giving it a financial boost as well accept the illegal occupation of the POK by stanis and the Chinese now. stani MPs should light their' Hoookas ' and relax. The w CPEC is not at all financially viable and the Chinese soldiers and the Khudai Fauzdars know that they are no match to the fury of home bred Talibans and their ilk. Nato convoys paid a very heavy price - ask them their experiences and then pipe dream.- yes it is true that the official machinery was then fully supporting the marauding talibans - even then the imponderables are casting their shadows on this entire project ill conceived ' a la Tuhglak'
    Reply
    1. A
      A G
      Mar 17, 2017 at 2:00 pm
      this project is doomed to failure and shall create serious problems which our worthy neighbour can easily do without\alexander - nom de plume
      Reply
      1. Pritesh Prabhu
        Nov 18, 2016 at 5:31 pm
        CPEC is indian pearl in the dark. Chinese trade will move to Indian ss via pak
        Reply
        1. R
          Ruchen
          Nov 18, 2016 at 7:47 am
          I have a good and bad feel about the CPEC project. Good because it will give something requiring constant attention from PGovt as it shifts attention back to POK/ Baluchistan, traversing both restive areas and Hope of Development.Bad as I can never trust China, A Communist Govt, having the trappings of a Capitalist economy . Expansionist and a Domineering style of leadership.Now put the two together..
          Reply

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