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One of China's top power sector bosses has said that China's interest in Pakistan is focused on sustainable development — not profit, Xinhua News Agency reported on Tuesday.
“We come to Pakistan not for the installation of our equipment and to gain profits. We pay more importance to improving the development of local high-end manufacturing industries so as to make the development sustainable," said Wang Binghua, the chairman of China Power International, a major stakeholder in the China Pakistan Economic Corridor (CPEC).
Mr. Binghua added, "We also try to group more local communities into our project to dispel their worries.”
He was speaking at Hub, Balochistan during the groundbreaking ceremony of a coal-fired power plant, one of the "priority projects" under CPEC. Mr Binghua's power enterprise is constructing and investing in the $2 billion project along with Pakistan’s Hub Power Company Ltd. The plant is expected to be operational in August 2019.
Read more: CPEC claims and doubts
He made promises of increased employment and training for graduates, saying the project will enroll Pakistani graduates.
"If they leave the Hub plant, they will likely get another opportunity in other plants. It will make this industry in Pakistan more sustainable,” said Mr. Binghua.
Mr. Binghua said the power plant will:
- generate about 9 billion kWh of electricity annually
- create 10,000 jobs for locals
- be operational in August 2019
The new Hub coal-fired power plant in Balochistan would benefit both the people and government after its completion in 2019 in mitigating the power outages and help move the wheel of the economy
Explore: CPEC — The devil is not in the details
Promises of Hub power plant
Mr Binghua said the Hub coal-fired plant will allow locals to enjoy cheaper electricity, adding that "about 4 million Pakistani families will benefit" when it is running.
“No country can rely on only one sort of energy," he said, adding that coal, gas, solar plants along with wind and bio-energy should be utilised in order to guarantee a country's energy security.
'Hub plant will be environment-friendly'
Mr. Binghua said his company is paying close attention to five areas for the Hub plant: safety, operation reliability, environment-friendly standard, economy and adjustability.
"I’m confident to say that we are providing an excellent and responsible service to Pakistan since all of the equipment to be used in the project is top class globally,” the Chinese entrepreneur said.
The SPIC chairman emphasised that although the Hub project is a coal-fired power plant, emission curbing will be used in the complex to meet "local or even stricter legislation" on coal-fired power plants.
He explained that sensing devices installed on top of chimneys on the Hub plant will detect data regarding chemicals such as sulphur-dioxide or nitric-oxide in waste gas. The data will then be sent to the local environmental department for evaluation.
He added that his company has plans to construct a cement factory nearby to utilise wasted dust produced by the power plant.
“I asked to open this plant to the Pakistani public after its completion so that the local people could experience for themselves the eco-friendliness of our coal fire plant," he said, expressing confidence in his company's efforts to make it safe.
Read more
On DawnNews
Comments (243) Closed
Mar 28, 2017 03:49pm
Coal fired power based upon imported coal?
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Mar 28, 2017 03:59pm
excellent news.
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Mar 28, 2017 04:40pm
Pakistan is the only country outside of China where collectively most Pakistanis adore China so much. I'm sure Chinese don't want to loose this grass root level love Pakistanis have for Chinese for few Billion.
Iron Brothers 4 Life!
Qilai!
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Mar 28, 2017 04:44pm
CPEC is a Chinese project designed to help Chinese exports to other countries and even to Pakistan to flood with its cheap goods through China. It is designed by Chinese engineer, being built by Chinese workers but financed by people of Pakistan by borrowing money from Chinese banks at very high interest rates. Whole thing is a big scandal.
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Mar 28, 2017 04:48pm
@M.Saeed are you ignorant?
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Mar 28, 2017 04:46pm
Any industry which create jobs in Pakistan is a good news. All we need is to safeguard our National interest not commissions.
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Mar 28, 2017 04:52pm
Good achievement....
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Mar 28, 2017 04:53pm
its only for strategic reason.
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Mar 28, 2017 04:53pm
@Fahim Who else done it for you since 77 years? It's a win win situation
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Mar 28, 2017 04:51pm
@Fahim Not sure i agree with this . Pakistan is going into this with eyes wide open. Chinese of course not doing philanthropy, no different from any other foreign investments anywhere in the world.
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Mar 28, 2017 04:56pm
Respectful salute to the Republic of China !
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Mar 28, 2017 04:58pm
@A gujjar Just Indian friends talking Negative. Yaar I was so happy for ISRO world record launch but people from India don't see that same for Pakistan, but there are special souls in India also who want Pakistan to progress to hope is alive!!!
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Mar 28, 2017 04:58pm
Good Luck Pakistan
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Mar 28, 2017 04:59pm
@Fahim Very Well said.
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Mar 28, 2017 05:02pm
Only trustworthy friend of Pakistan.
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Mar 28, 2017 05:03pm
@IMTIAZ ALI KHAN Very well said. I have the same opinion.
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Mar 28, 2017 05:05pm
I wish more CPEC skeptics would understand this; that China's interest is not profit driven, it is strategic driven and in alignment with the strategic interests of Pakistan.
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Mar 28, 2017 05:06pm
Chinese saying we are not focused on profit is a lie.Everyone in this world world works for profit and someone saying but i don't do it especially if he or she is a boss of big corporation is bluffing.
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Mar 28, 2017 05:06pm
It's more about an enduring and endearing relationship between two countries, unlike any two countries in the world.
You tend to have just one true sincere friend in life and it is also true talking about countries, rest is diplomacy, transactional relations if you have 50 countries with good diplomatic terms.
Long live Sino-Pak friendship.
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Mar 28, 2017 05:02pm
Coal fired power plant and talking about sustainability and profit...nice going and keep on making pakistanis fool.
If so, china should only setup Solar or nuclear power plants.
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Mar 28, 2017 05:12pm
When all countries are moving away from coal or fossil fuel power production, pakistan is taking them in.
Why can't chinese invest more on solar or nuclear and hydro electricity.
come 2030, all nations needs to comply with enviornment norms (pakistan has signed paris agreement)..
pressurize chinese to invest on SOlar or nuclear or wind power, that will be much more helpful, bringing old coal chinese plants and polishing them won't serve pak energy purpose in future.
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Mar 28, 2017 05:13pm
Disappointing statement for Indians.
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Mar 28, 2017 05:15pm
@Fahim Why Indians are so much worried about CPEC, must be something really good for Pakistan.
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Mar 28, 2017 05:15pm
Are the Chinese hiring the local Baluchis first? All I see Chinese workers around CPEC.
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Mar 28, 2017 05:11pm
@Nitin Saini They are - respected Sir. India China are power houses. I for one want to see them drinking water from the same stream. India will be a super power soon. People of Pakistan and India should act mature - Throw away the hatchet and work together for uplifting the quality of life.
Live long and Prosper.
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Mar 28, 2017 05:14pm
@M.Saeed local coal reserves will be used for coal energy projects from Tharparkar
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Mar 28, 2017 05:19pm
@Akram Not disappointing at all...He is a business man just like me..and trust me..we do not work for social service..its all about Profit..spcl when in my home country there are still more then a billion people waiting for the money i will make...
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Mar 28, 2017 05:19pm
CPEC, is definitely a profit for China. If you look at the map, ships dont have to go way around Sri Lanka, Myanmar, Malaysia, South Korea and finally China, which costs time and money. Gawadar port will be shortest route.
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Mar 28, 2017 05:21pm
Coal fired plat in today' s day and age ?? not convinced.
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Mar 28, 2017 05:22pm
@Nitin Saini You are commenting without knowing anything as most neighbors do. The CPEC investment in CPEC power related projects is a mix of Hydel, clean RLNG power, Nuclear power plants 1100MWx2, and 360MW and 1000 MW at Chashma, 3 nuclear power plants are up and running though earlier plants were not part of CPEC.
Then there is 2600 MW of wind power, 600 already installed. One 1000 MW solar power plant at Bahawalpur, many smaller plants. Hydro power like Karot, Sukhi Kinari, Neelum Jhelum, Bunji, Bhasha and many more. It takes more time to construct a dam. Also coal power plant is of super critical clean system installed, as written in the article.
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Mar 28, 2017 05:24pm
@Komal S - you have hit it on the dot.....
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Mar 28, 2017 05:26pm
@IMTIAZ ALI KHAN
When you stand/ or try to stand on your own legs ,not just India but world at large will support you.
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Mar 28, 2017 05:27pm
@Nitin Saini You only hear coal powered plant? and ignored the rest. did you know pakistan has one of the biggest coal reserves in the world? and what about the jobs and other benefits? more power is always welcome in a developing country.
So let positive remain positive. instead of jinxing it not to be.
clearly indians are against anything that goes in pakistans best interests.
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Mar 28, 2017 05:31pm
@Nitin Saini you're angry because your country could not fool Pakistanis. By the way, what about India's Rampal coal power plant in bangladesh which is going to harm Sundarban in a big way. Even United nations objected against it and advised Bangladeshi government so many times to back off from the project. But Indian sponsored current government is hell bent in allowing Indian company to go with the project. Do you know sundarban is a world heritage? Do you know this same Indian company was not allowed by the Indian government itself to make this power plant on Indian soil? Lecturing here on Chinese coal plant. What about Adani's Coal plant in australia against which Australians are protesting now? Even Australian cricketers have appealed to Adani group not to go with the plant.
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Mar 28, 2017 05:37pm
@Nitin Saini who is moving away from coal? I dont see anyone abandoning coal. Infact new research is done to minimize emissions and use the dust waste in other products like cement. Apart from that China is investing in 5 wind power projects, 2 solar ones, one tidal project and a bio energy project too.
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Mar 28, 2017 05:33pm
Wow, coming from the top Chinese guy, their love towards Pakistan is unparalleled in the history of mankind.
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Mar 28, 2017 05:39pm
That's the good gesture of China towards Pakistan,hope all provinces get equal share in their development. Our beautiful Karachi needs more development to come to its original beautiful city of the 50s,60s and 70s.
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Mar 28, 2017 05:34pm
The Hub coal fired plant is 'environmentally friendly'?? What is the use in checking the Sulphur di-oxide and other chemicals released in the air, no action will be taken as usual. When the whole world is transforming into renewable energy, Pakistan is going the other direction.
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Mar 28, 2017 05:35pm
@dynaimte go and do some research.
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Mar 28, 2017 05:41pm
@M.Saeed wrong from Tharp parker Sindh
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Mar 28, 2017 05:45pm
Finally Pakistanis can let out a sigh of relief after hearing Chairman Mr.Wang Binghua's comment. The news which appealed to me the most was his disclosure
of 10,000 jobs for the locals.I hope this creation of jobs for the locals also takes place in Sindh and other Provinces. CPEC Welcome to Pakistan.
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Mar 28, 2017 05:46pm
@javed so they are doing charity works for Pakistan.
Any foreign company works in other country should and must allot atleast 70% jobs to locals. But here things are opposite.
China means business like all other country, but here China is taking extra benefits.
Even Mumbai Ahmedabad bullet train project, japan asked only 30% of machinery from Japan. but here in case almost 100%machineries imported from china without import tax. Strange but true
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Mar 28, 2017 05:49pm
@Fahim All your comments are based on misinformation. For argument sake lets accept that what you are saying is correct which i know is not, then still people of pakistan are very happy that our closet friend china is going to benefit from this project. Our friendship with china is not a zero sum game and China has always supported pakistan politically, morally and now is supporting Pakistan in defence and military field. This is causing a lot of concern and jealousy to our well wishers in the neighbourhood as they can not dream of such support from anywhere. Our enemy which has tried to isolate Pakistan in last few years can not tolerate the help and support we are getting from our real friends.
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Mar 28, 2017 05:44pm
not for profit then why rs 17 per unit cost for electricity the higest in the world?
and loan at high interest compared to other commercial loan around the world
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Mar 28, 2017 05:49pm
@COAL IS DEATH The last time I checked about 65% of energy in India is produced by coal power. The reason for high particulate material in air in Delhi and elsewhere.
Delhi is ranked as number one in worst air quality and according to a recent report in TOI, every two minutes one person in India is dying because of air pollution.
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Mar 28, 2017 05:45pm
@Vectra Yes but this relationship between china and pakistan is strategic in nature.
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Mar 28, 2017 05:54pm
In India we have first hand experience of Coal fired power plants and how our environment is spoiled is infront of our eyes. Hence India is gradually moving towards Solar, Nuclear , Wind and Ocean power projects along with Hydro Power.
All the coal used in India is local coal.
Now what is being done in Pakistan with imported coal is definitely going to be expensive than hydro, nuclear and solar powers. Further, the soil in these areas will become unsuitable for cultivation within 10 to 15 years.
The burden, China and India are trying to get rid off, now Pakistan is taking on its head.
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Mar 28, 2017 05:54pm
@Joe Why are people in india so worried about pakistan all of a sudden? Please live with the fact that CPEC is here to stay, it is reality and pak-China friendship will increase with time. I know it is hard to stomach but that is a reality. Pakistan will progress inshaAllah and in time we shall have honest leadership. Pakistanis are as good as anybody else and we just need good and honest leadership. Relax and enjoy your life.
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Mar 28, 2017 05:56pm
@shawon Excellent stuff. Indians can not conceal their jealousy. Very sad to see that there is so much hatred for pakistan even among educated Indians.
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Mar 28, 2017 05:56pm
People who are saying Hub plant which is in Baluchistan will use Thar lignite, should know that lignite is uneconomical and highly volatile for transportation to such distances.
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Mar 28, 2017 06:01pm
He is kidding right? Coal based and coal fired plants supplying electricity at one of the highest rates in Asia and almost 3 to 4 times the rates available in China. Sure that may create a few hundred jobs. But what about the cost of the product to consumers? What about the cost of damages due to the resulting pollution? What about the cost on health of the population affected directly & indirectly by these plants?
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Mar 28, 2017 06:03pm
$70 billion bullet train between Mumbai&Ahmedabad just for 0.1% loan payable only after 15 years.
$100 billions for Delhi_Mumbai industrial corridor (just like CPEC) with 0.3% to 1% loan,payable after 10th year onwards.
When Japan can offer such bargainingly low interest rates then for God's sake why Pakistan running after China which benifits Pakistan more than China.
No never be jealous for CPEC, but nawaz Sharif would have bargained for better terms and conditions.
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Mar 28, 2017 06:02pm
@IMTIAZ ALI KHAN Good identity cover up
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Mar 28, 2017 06:11pm
There are still people and vested interests in Pakistan who are against Pakistan develop00ing and be strong - Pakistan had fair weather friend ever since independence but China has stood by Pakistan always. BY all means let us challenge CPEC ...etc but let us not denigrate it willy nilly.
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Mar 28, 2017 06:10pm
Hope China keeps its promises with the people of Pakistan. My advice is to check the data and ground work and not fall for sweet talk.
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Mar 28, 2017 06:10pm
A new east India company in making...
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Mar 28, 2017 06:06pm
@Vectra Its win win situation for Chineese only... They will be exporting from this route to the world as well as they will supply to Pakistan so that they earn from Pak as well as world. Unfortunately Pak will have to pay for inferior quality of goods which China is well know around the world and same time they will dump waste in country like Pak.
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Mar 28, 2017 06:13pm
No one is here for Charity, so don't believe in Chinese people or product. They comes with limited tenure and are adopted to give big surprises. it will be too late by the time country realized that debt has scaled up to that level that country has to leased the land &that's the aim of China.
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Mar 28, 2017 06:14pm
Biggest lie. What is the purpose of any business. To make profits. Otherwise there is no purpose of a business man to go to any place
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Mar 28, 2017 06:14pm
We value our friendship with China but at the same time my mind ponder over our relations with India. We could have been very good friends had the Indians not occupied Kashmir against the will of the Kashmiris and Pakistanis Muslims. With the Hindutva leaders gaining ground I see a future of further conflicts.
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Mar 28, 2017 06:11pm
@SANJEEVAN " Its win win situation for Chineese only." because they negotiate for the country's interest, contrary to those on the other side of the table.
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Mar 28, 2017 06:17pm
Any negative comments must be from Indians.- we are iron friends ! WE have tons of respect for Peoples republic of China. Pakistanis love china more than Chinese.......!
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Mar 28, 2017 06:18pm
@aleem "Why are people in india so worried about pakistan all of a sudden? " They are not. They're worried about India. That is fair, everyone should be worried about his/her country.
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Mar 28, 2017 06:20pm
We are very grateful Sir!
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Mar 28, 2017 06:21pm
@Pooch "Wow, coming from the top Chinese guy, their love towards Pakistan is unparalleled in the history of mankind." You're right, it is.
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Mar 28, 2017 06:22pm
@aleem You are so right. Why are the educated Indians behaving in such a manner?
It is very difficult to comprehend their jealousy for Pakistan?
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Mar 28, 2017 06:26pm
I fully believe our Iron friends of all weather.
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Mar 28, 2017 06:25pm
So why charge us Interest if you have no profit motive. Such hypocrisy to make the uneducated Pakistani population happy.
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Mar 28, 2017 06:31pm
Be causious about China while dealing with them...safe guard your intrest while playing with dragon.
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Mar 28, 2017 06:33pm
Wow that's awesome. Thank you China. PakCheen Dosti Zindabad
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Mar 28, 2017 06:34pm
@Vectra "Chinese saying we are not focused on profit is a lie." They know very well, their future goes through Pakistan. They can be accused of anything, but are certainly not stupid. They'll not cut the branch on which they're sitting.
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Mar 28, 2017 06:36pm
How many jobs CPEC has created for Chinese ?
How many Pakistanis are in the know of it from day one ?
Any study on this ?
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Mar 28, 2017 06:44pm
Pakistan has one of the largest coal deposits. I hope they buy the coal from here.
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Mar 28, 2017 06:46pm
Those who believe him , must try to get a 1 % discount on any Chinese owned shop.
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Mar 28, 2017 06:47pm
India should import power from Pakistan. This will be win-win-win. Chinese will be happy their investments are being monetized, Pakistan will get precious forex and India can be rid of pollution and other problems emanating from coal besides getting additional power at the flick of a switch.
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Mar 28, 2017 06:53pm
@srini I agree that coal powered plants are not a good news for the environment. Pollution free environment is one of the biggest challenges for the mankind. Thank you for your concerns.
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Mar 28, 2017 06:56pm
its beyond profit to ....
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Mar 28, 2017 06:58pm
my dearest indian bros please allow pakistan to shoulder the good and bad of CPEC !
enough of gyan . cpec will benefit pakistan and lets sincerely hope it benefits common man in neighborhood !
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Mar 28, 2017 06:59pm
CPEC can be a win for the world in the middle to long term.
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Mar 28, 2017 07:00pm
Thank you sir,
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Mar 28, 2017 07:07pm
@IMTIAZ ALI KHAN Not everyone thinks with long term strategic vision. In the long term with so many billions of investment and maintenance contracts China will be bound to Pakistan and will change its society and its people. In the long term CPEC is good for all people.
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Mar 28, 2017 07:03pm
@IMTIAZ ALI KHAN : It is not about love or affection. Relationship is based on economic benefit only. If profit is not the criteria then why Chinese company took Pakistani Govt to court & forced to change design of 3 power project ?
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Mar 28, 2017 07:09pm
@Random Indian I did not know wind pollution,climate change etc adhered to national boundaries, especially neighbouring borders
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Mar 28, 2017 07:14pm
Them who will bear the losses if profit is not the goal?
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Mar 28, 2017 07:15pm
It will be a mockery of the Pakistanis if the utterances of the Chinese CEO are taken seriously. Everybody knows what the Chinese are upto and they will only bleed the local economy.
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Mar 28, 2017 07:15pm
Indians are so concerned for Pakistan's well being. Don't worry, we Pakistanis will be fine with CPEC. Meanwhile please concentrate on building a wall along Pakistan's border
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Mar 28, 2017 07:16pm
@for God Sake Bullet Train between Ahmedabad-Mumbai?? Why India is going for such fancy, extravagant, show off projects, at a whopping 70 billion USD. Must be enough to overhaul the derelict, crumbling rail infra in India. According to many reports Indian railways need to overhaul its crumbling railway system as it is huge.
Also there are about 12 daily deaths on an average in Mumbai on railway tracks, on local and others. India has the highest number of traffic related deaths in the world, about 300,000 per year, though the per capita cars are one of the lowest.
Mumbai has a Metro train, another fancy small project no one uses. Everyone uses the Mumbai local. Need to come out of this extravagant ideas, start with the basics which benefits masses.
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Mar 28, 2017 07:17pm
" China's interest in Pakistan is focused on sustainable development — not profit "
said Wang Binghua, the chairman of China Power International, a major stakeholder in CPEC.
China wants to see Pakistan, it's Iron Clad strategic Ally, as an economically and financially stable and prosperous ally. In China's Grand Plans for itself and the area Pakistan needs to be a very strong country Militarily, economically and financially.
Now it is for our " Politician Geniuses " ? to get their act together, shun corruption at the top and grab onto China's helping hand and steer the country in the right path. UNITY will help us achieve our goal.
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Mar 28, 2017 07:19pm
Welcome china for investment in Pakistan in shape of installing the industries instead of just selling their problems to us
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Mar 28, 2017 07:14pm
Why people are so worried about chinese interest. China is investing money and so she will be benifited. The important thing is that when no country in the world was intereted in pakistan China helped us. We have power shortages and we should encourage any kind of project because it will not only end our electricity but also creates jobs. I personally think that pakistan should use its coal researves because all have used it since hundred years back. I don' understand indians why they are so worried for enviroment when they already emitting carbon dioxide and sulphur dioxide,i think they are jeolous because if yhey are friends of enviroment they should stop using coal fired power plants.
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Mar 28, 2017 07:23pm
The presentation if true will leave a very emotional legacy between Pakistan and China. I am sure, china govt is paying its full and honest attention to help Pakistan in every way possible for two readons;readons, ever lasting true depenadable and trustworthy relationship and security of her own interests, namely, direct and a secure in every possible way supplies of middle eastern energy. In conflict, India and western powers will not allow a drop of ME oil through Indian Ocean. On the other hand a short sea route and even that with Pakistan and Iran borders then through Pakistan land route is the best and safest imaginable supply route of oil to China.Therefore prosperous Pakistan is a security of china. Wise nations looks beyond tomorrow, unlike of PPP and other corrupt to the bone in Pakistan luck.I beleive every word of Chinese executive that is repoerted by dawn. CPEC is giving stomach pains to west and India, the reasons, I have stated in the above paragraph.
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Mar 28, 2017 07:26pm
As an engineer myself my best wishes for Pakistan and its people but coal industry is dying industry. World is moving towards Hydro power & Solar but these Chinese are fooling these uneducated ministers from Pakistan and showing them the sky. Coal mining is the THE MOST dangerous and labor intensive job ever. Chinese will pay huge amounts to their engineers and their expertise but the Pakistani labors will be doing all the hard work mining coal and risking their lives and will paid peanuts.
I hope my pakistani brothers take it in the right spirit. We wish Pakistan to be developed by 2025. For that Pakistan needs more schools, colleges, give high class education to produce more CEOs & hospitals to give good healthcare for poor people. But generating electricity from coal is bad idea.
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Mar 28, 2017 07:28pm
@Fahim unfortunately, Pakistan corrupt regimes have no other options to save country from certain disaster leading to unimaginable consequences of uncontrolled population growth, stagnated industrialisation and endemic corruption. Please remember "beggars can not be chosey".
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Mar 28, 2017 07:25pm
@Ahmed Ali : Pakistan Govt website on CPEC based energy project doesn't mention any nuclear power project or 2600 MW wind power project . The wind power project is only 300 MW & solar power project is 900 MW. Please check the details here :
http://cpec.gov.pk/energy
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Mar 28, 2017 07:28pm
@Baloch Do the local Balochis have graduate degree?
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Mar 28, 2017 07:32pm
Pakistan should read about China's investments in Sri Lanka. Gameplan is simple. Setup unviable ports, airports and power plants, with loans that have a high interest rate that can never be paid back. And once the country is unable to pay back, take back control of the land and assets for free. Imperialism 2.0 .
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Mar 28, 2017 07:35pm
@Raj_Indian Charity begins at home...65% of electricity produced in India is from coal. In Pakistan it is about 1%, even after new coal power plants it won't be more than 6%-8% that is produced from coal. So need to start putting your home in order.
As for other things written , check the international forums reports...India has more multi dimensional poverty than Pakistan, India has more adult illiterates than the rest of the world...so on and so forth. So start with the basics...look inward.
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Mar 28, 2017 07:29pm
@Mustty You need to relook at map again . Why they have to go South Korea ? Anyway shipping through ocean is 1/8th that the cost of shipping through land based route . And most of the Chinese manufacturing hub is based on eastern part of China which is more than 10,000 km away from Gwadar port .
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Mar 28, 2017 07:38pm
@JAMIL SOOMRO, NEW YORK CITY : A super critical technology based coal fired power plant ( 2 x 660 MW ) doesn't need 10,000 worker. Yes during erection phase ( construction period ) more than 10,000 people will be employed. However once plant start running , 600-700 people are sufficient to run that capacity plant .
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Mar 28, 2017 07:34pm
Pakistan and China belongs to a "Big Boys Club".
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Mar 28, 2017 07:40pm
@aleem Why pakistani people are worried about Yogi Adityanath or Narendra Modi ??
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Mar 28, 2017 07:41pm
I think for all those Pakistanis who are saying all bad things about CPEC once this project will complete and start making money for Pakistan (lot of money) they all should apologies to nation.
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Mar 28, 2017 07:38pm
First they give loan , then win the contract and bring chienese labor and then get the profit .... what is here for Pakistan?
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Mar 28, 2017 07:45pm
@Ahmed Ali " India has more adult illiterates than the rest of the world" This is because Indian has 1.25 billion population.
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Mar 28, 2017 07:47pm
@Fahim . You are basing your opinion on here say. Only 18 % of the workers will be Chinese including engineers, project mangers and technical personnel , the remaining 82% employees will be Pakistanis. Please don't spread baseless rumors about these projects. China is the only country which is willing to invest in Pakistan, the other countries are not investing a dime in Pakistan due to the negative propaganda against Pakistan. Just remember your eastern neighbor is trying very hard to isolate the country.
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Mar 28, 2017 07:48pm
@Ahmed Ali The high speed railway project cost is $ 15 billion, not $70 billion. India Govt is investing $125 billion in next 10 years for existing rail network improvement . ( this excludes japan funded high speed railway project .)
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Mar 28, 2017 07:46pm
@Random Indian : Mr Piyush Goyal , Energy Minister of India just tweeted yesterday . " India is now power surplus & coal surplus first time after 1947. Any state Govt can buy power from Govt any given time."
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Mar 28, 2017 07:53pm
in all this coal power generation with imported coal not even using local Thar coal deposits. in all this process government and Chinese forgot cheapest and environment friendly hydal dams, they take a little longer but are best for Pakistan in long run. They might not be good for kickback though!
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Mar 28, 2017 07:54pm
@desi you both are pissimistics and negative thinkers. Name one country that invest in Pakistan like chineses in last 77 years. Or , you are afraid that PMLN will take credit. I don't care who is in power in Pakistan as long something is being built here and benefitting Pakistan
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Mar 28, 2017 07:59pm
coal fire is eco~friendly? really!
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Mar 28, 2017 07:57pm
@tapish I appreciate your anguish and the pain you feel for us Pakistanis. I never realised that Indians have so much concern about our economy, well being and our future. We totally understand Indians so do not try to be clever.
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Mar 28, 2017 08:05pm
@Fahim What is your problem with China making money?
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Mar 28, 2017 08:05pm
@Fahim brother I pray that s0me day our politicians would do the same i.e. Borrow money and invest in Pakistan rather than filling their coffers in a foreign land.
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Mar 28, 2017 08:12pm
@Fahim
You have just flawed vision. More than this is siphoned out just by corruption???
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Mar 28, 2017 08:08pm
You cannot ban items and let the people of Pakistan pay a higher margins for mediocre products, we must start investing money in training people, enabling us to earn locally as well as export our goods like Chinese.
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Mar 28, 2017 08:11pm
I would not believe this man. The Chinese culture and mindset is about making money at any cost. If you haven't had business dealings, lived next to or interact with someone from mainland China then you are in no position to offer an opinion on the Chinese business dealings.
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Mar 28, 2017 08:16pm
@Baloch
Well implore BSO to let Bloch people to study first.
All I see and hear is meaningless useless talks and speeches totally irrelevant to the situation of today
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Mar 28, 2017 08:26pm
Long live Pak-China friendship.
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Mar 28, 2017 08:27pm
@shakil . Hydal projects are good if India doe snot stop the water flowing to Pakistan. Their current plan is stop the water. If that happens you wasted millions of dollars for nothing and many years of labor/hard work.
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Mar 28, 2017 08:34pm
China and Saudi Arab are our true friends.
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Mar 28, 2017 08:28pm
China is a good friend of Pakistan and a role model to be followed by others.
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Mar 28, 2017 08:35pm
After giving us the outdated technology and the plants which are closing in China are brought into our country Sir. Two newly installed plants turned dust in first run. Where we are heading and who will bear the losses when profit is not the motive.
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Mar 28, 2017 08:42pm
Where is the documentation and details of all CPEC projects. Keep it open and transparent. Then it will be black and white how many jobs it will create in Pakistan, how much growth, is it a loan or grant, if loan how much interest and so forth. No lip service
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Mar 28, 2017 08:41pm
We appreciate Chinese assistance and development in Pakistan. Together both countries will prosper and compliment one another.
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Mar 28, 2017 08:47pm
@Fahim your statement is what every indian says. Why dont you use your real name and stick to your forums.
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Mar 28, 2017 08:47pm
In Pakistan no good deed go unpunished. Pakistanis should learn the knowhow of big engineering projects and start initiating and managing their own projects. Pakistanis should be thankful to China for building their infrastructure and mitigate energy shortages.
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Mar 28, 2017 08:49pm
What a joke
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Mar 28, 2017 08:49pm
@Farhan .......Work hard to get something called state of the art technology from elsewhere, what is your contribution?
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Mar 28, 2017 08:52pm
@Fahim: 100% true
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Mar 28, 2017 08:56pm
@mangoman Not a few hundred jobs.That project alone will employ 10000 people.And no,this is not the most expensive price per kwh in asia that us false.The rs 17 per kwh price is unproven.
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Mar 28, 2017 08:53pm
@Nitin Saini Is that why 65% of electricity in India is supplied from coal??Even after all these coal projects will come online,It will be less than 28% of the total energy mix,so still much better than India.
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Mar 28, 2017 09:03pm
@M.Saeed Coal fired plant running on imported coal reduces ash output by more than 50% . However it will also increase cost of power since imported coal are costlier than local coal.
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Mar 28, 2017 09:06pm
They should then perhaps tear up the sovereign guarantees.
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Mar 28, 2017 09:10pm
"Our interest in Pakistan is not focused on profit, says China's top power sector boss"
There is not an iota of doubt about it sir. Some who are not happy with close Pakistan - China relationship is fanning the issue. Pakistanis are 110% sure about China's sincere efforts to help Pakistan. Long live Pakistan - China relationship.
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Mar 28, 2017 09:11pm
Excellent news..
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Mar 28, 2017 09:14pm
In international politics no one is a permanent friend of anyone. May be for 100 years or even 150 years one country could be friend but when their interest change they become not so good friend. China used to call India bhai bhai but when India reduced their forces on China border trusting China they attacked India in 1962. China has a serious problem of trust in International arena. Bottom line is they will be Pakistan's friend until they are making profit out of Pakistan.
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Mar 28, 2017 09:16pm
10,000 new jobs for local youths and cheap electricity for 4 million households. now that's a huge benefit. before anybody can raise any objection to Chinese investment please advise what alternative they have to create new jobs and power for so many no of families. it's a big blessing please be positive for its going to bring lot of benefits for our people. the biggest benefit which nobody is thinking of is peace. China will certainly expect that there is complete peace in the country in which they are investing so heavily. won't you think that this investment is going to prevent us foreign aggressions. when you start thinking positively you then realise its all good for us.
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Mar 28, 2017 09:17pm
@Fahim thank you
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Mar 28, 2017 09:21pm
Just learn from Shri Lanka example. They took loan from China to develop their ports and now china has controlling steak in all the ports that they have developed and Shri Lanka is just trying hard to make interest payment on those loans and guess who is using port to send their goods not Shri Lanka but China....watch out
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Mar 28, 2017 09:22pm
27% guaranteed return on investment is NOT profit, I do not know what is! Perhaps the Chinese have a different view on business as they have on world view.
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Mar 28, 2017 09:22pm
When China is moving away from coal power and installing these in Pakistan. Have our government think about environmental pollution?
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Mar 28, 2017 09:26pm
Coal power plants leave quite a lot of environmental impact. If anything they should have invested in solar power management systems which could give a long term employment systems. Balochistan can also be used for hydroponic farms as well which can definitely help Pakistan to compete in the international market. I am certain that solar power can help lower the electricity shortage for Pakistan and all we need is a competent government to actually invest in a project that actually works. This can definitely give opportunities to engineers and new graduates to seek work. Pakistan also signed the environment pact in Paris which kind of states that they will be lowering their dependency on fossil fuels which i think will not happen anytime soon.
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Mar 28, 2017 09:28pm
Please elaborate how the energy generated by the power plant will allow locals to enjoy cheaper electricity?
1) however,electricity generated by any power plant is transferred to National Grid from where, it is further distributed across the country. Now the question arises how will you distinguish the energy consumed by the locals was exactly from the Hub Power Plant?
2) As the NEPRA, Pakistan's electricity regulatory authority, decides tariff for DISCO's on parity basis, I don't think dual tariff system exists anywhere in the country except K-Electric.
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Mar 28, 2017 09:40pm
Wow .. Chinese companies are there for corporate social responsibility ?
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Mar 28, 2017 09:42pm
We Pakistanis strongly believe in the commitments of our friend China and its leadership. We have a number of enemies who can not see the rising development activities in Pakistan particularly under the CPEC. They are busy in creation of misunderstanding in the minds of common Pakistanis. As a counter blast the China can include two major hydro power projects namely the Bounji Dam and Skardu Dam both can produce 7100 MW and 15000 MW electricity respectively beside storing millions cft water.
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Mar 28, 2017 09:46pm
@Akram Sorry Akram in Democracy everybody has right to express their views.
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Mar 28, 2017 09:55pm
@Ahmed Ali : After completing all the power projects mentioned by you, can we get power for atleast 16 hours in a day? Am from remote Sindh...
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Mar 28, 2017 09:55pm
Even my friends look for profit when they loan me some money. You chinese must be saints to give us more love than our mothers. Enough with the act already.
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Mar 28, 2017 10:18pm
@Abdulkarim I said 'one of the highest', not 'the highest'. Btw, what kind of proof are you looking for the rates being Rd 17?
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Mar 28, 2017 10:26pm
Not focussed on profit ? Then please give an interest free loan for Pakistan's development. Current interest rates for Chinese loans are higher than even market rates. Also please provide electricity at lower rates. Pakistan is "helping" China in many ways against a common rival neighbor and China should respect that help and reward Pakistan in return. Friendship has to work both ways.
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Mar 28, 2017 10:36pm
@aleem rightly said bro
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Mar 28, 2017 10:35pm
China is a true friend of pakistan, rest all trash and we should support cpec for both countries growth
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Mar 28, 2017 10:43pm
@skeptical In last 10 years Indian Govt announced scheme to build UMPP ( Ultra Mega power plant ) . TATA is operating one UMPP ( 5 x 800 MW ) in Gujrat & Reliance is operating one UMPP ( 6 x 660 MW) in MP . These company were selected through bidding process i.e who can supply power at cheapest rate to Govt . These companies had quoted price of Rs 2/- to Rs 2.50. ( PKR 4 per Kwh ) .
Can Pakistan Govt ask chinese company to supply power at PKR 4 per kwh ??
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Mar 28, 2017 10:50pm
Nice to know that the project will generate 10000 jobs for locals. One of the biggest disadvantage for Pakistan is its huge population ,however this disadvantage can be coverted in a big advantage by ensuring productive employment for all. Best of luck...
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Mar 28, 2017 11:01pm
@S. A. M. Yes be positive , but don't trust someone blindly . " 10,000 new jobs for local youths and cheap electricity for 4 million households. now that's a huge benefit. "
There lies the difference . Having worked in 2x350MW coal fired plant for 6 years , let me tell you 10,000 job creation is highly exaggeration. Yes during construction of plant more than 10,000 people will work . But once the plant start commercial operation , 500-700 people is enough to run the entire plant .
When you talk about cheap electricity , how do you define it ? We used to sell power at Rs 2.80 per kwh in 2015 ( i.e PKR 4.5 per unit ) . What price you expect from CPEc based power generating companies ??
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Mar 28, 2017 11:01pm
Donald Trump is also allowing coal mining in the US.
Coal-powered plants are hazardous but it is good that Chinese government realizes this. However, I think it should also take control of environmental implications and not just leave it to the corrupt government of Pakistan. This will ensure sustainable development that will benefit people of Pakistan.
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Mar 28, 2017 11:13pm
Nothing comes for free
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Mar 28, 2017 11:22pm
sustained development for whom! china? you want to sell outdated coal based powerplants for double benifit of using your co. resources and also selling your coal. there was a news item, that china"s coal is surplus and no takers. pakissthan shud. develop its own coal fieds and desist from importing. actualy pak. can export to india, if they exploit its coal reserves!?
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Mar 28, 2017 11:38pm
Awesome. I am waiting for the day when.....(insh will definitely happen..amen)
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Mar 28, 2017 11:58pm
An extremely compelling statement,' " We pay more importance to improving the development of local high-end manufacturing industries so as to make the development sustainable," ' Hopefully TEAM Pakistan - China, along with astute businessman Mr. Wang Binghua who's taking the lead in this CPEC venture, will form long lasting opportunities and a bright future for many qualified Pakistani employees.
It's vital that Pakistan doesn't suffer from the same heavy environmental smog prevalent in China's major cities. Let's hope this technology of installing "sensing devises " at the HUB plant will prevent such types of air pollution.
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Mar 29, 2017 12:00am
@Fahim Every market is already flooded by Chinese goods
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Mar 29, 2017 12:08am
To benefit from the different power projects coming out of he CPEC, Pakistan has to to do its part accountably, otherwise the things could go unbalanced.
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Mar 29, 2017 12:17am
Very nice words from top man of China power sector that is the world's biggest in electricity generation. China surpassed America few years ago in production of power and is now comfortably producing 50 percent more power than the second largest producer in this sector in the world..
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Mar 29, 2017 12:22am
What about people of tharparkar, from their lands you get coal. Already many tharees are doing protest against illegal land occupation.
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Mar 29, 2017 12:36am
@IMTIAZ ALI KHAN I am sure there would be a think tank in Pakistan who would have thought this over and its going to be beneficial for Pakistan , Otherwise why Would Pakistan enter into this deal . Since this joint venture will attract investment in infrastructure projects and generate employment , its Good for Pakistan. All the best to Pakistan from an Indian.
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Mar 29, 2017 12:43am
China-Pakistan friendship forever.
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Mar 29, 2017 12:58am
Another point. When Western companies open up in China, the Chinese government demands the companies share their know-how and require the hiring of Chinese workers. Pakistan should take a similar approach.
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Mar 29, 2017 01:58am
@HaMAAD There is no cover up!!!! I openly love India and Pakistan. Rise above the past hate and you will understand how beautiful we are as humans. I'm a proud Pakistani from the Islamic Republic of Pakistan, who has love for India also and a lot of love perhaps more than many Indians also, just don't like the extremist indopak folks yaar. Rise above the past as I said before and say with me Jai Hind/Pakistan Zindabad! At the same time :) you know you heart has love than for all our people of IndoPak :)
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Mar 29, 2017 04:19am
@faraz @Nitin Saini You only hear coal powered plant? and ignored the rest. did you know pakistan has one of the biggest coal reserves in the world? and what about the jobs and other benefits? more power is always welcome in a developing country. So let positive remain positive. instead of jinxing it not to be. clearly indians are against anything that goes in pakistans best interests.
Please don't judge all Indians by one individual Indians' comment.It is his/her opinion,and quite rightly entitled to make however right or wrong it may be according to your opinion.You must counter that specific commentator not collective nation etc,etc.
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Mar 29, 2017 04:24am
How much of power generated will be used by the CPEC routes?
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Mar 29, 2017 04:40am
Yes, and we believe you..
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Mar 29, 2017 05:10am
@sat okay so you are suggesting pakistan should not do any trade with any country and money will come in abundance from countless resources. i want to know why our eastern neighbours so concerned about our well being when in reality the yankees don't lose a single opportunity to harm us. it's really because their agenda of pakistan has backfired and instead they appear to look big time losers. please continue with what you think you're good and yes we definitely are in no need of your advices.
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Mar 29, 2017 06:20am
@Mustty Depends on where you want to go in China. It is definitely cheaper to go by ships if any goods needs to go to East side. Maybe it would help on some western locations. Going by sea is 10x cheaper(or more). This is more strategic for China, from defense perspective and also emergency route in case of crisis.
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Mar 29, 2017 07:34am
@Global Peace Not for any social responsibility, but for complete market share capture!!!...
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Mar 29, 2017 07:42am
@Thiru Particulate matter pollution is definitely a local phenomenon. Winds do have an effect but the prevailing winds over Pakistan push towards the Arabian Sea. Global warming is a reality whether the power plant is located in your house or in Antarctica, so might as well let it be in Pakistan.
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Mar 29, 2017 08:40am
Very good thought, if implemented in a rite way, it wil help Pakistan economy. But I would like to see Pakistan invest more n more and get the benefits,rather than only Chinese Millionaire take most advantage of this. Good luck
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Mar 29, 2017 08:44am
@faraz I have even read and saw on a Pakistan news channels that Chinese r bringing ther own coal, thy r not using Pakistanis coal. Is it true.
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Mar 29, 2017 09:03am
China is our time-tested friend. We are much indebted to Beijing for its continuous and selfless support for the sustainable development of our country. We should not create doubts or suspicions contributing to estrangement of our Chinese people.
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Mar 29, 2017 09:06am
@Abdulkarim For country as big as india, this is not so easy to completely neglect coal, but we slowly moving towards solar and hydro .
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Mar 29, 2017 09:19am
Good One, at least there will be power production, gradually once the Pakistani coal is produced in quantities required, these plants can be converted to Pakistani Coal.
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Mar 29, 2017 09:58am
There is no company in the world who is not doing business for profit.
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Mar 29, 2017 10:20am
China doing charity? hehehehe. Why Pakistan need some or the other country to support? Don't you have your own experts? Even for power plan like for Coal if you depend on China, then god bless Pakistan.
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Mar 29, 2017 10:57am
We appreciate China's positive role in the region and look forward to bolstered economic and military cooperation. Pak-China Zindabad
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Mar 29, 2017 11:00am
Blatant Lies :) for a corporate investment.
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Mar 29, 2017 11:01am
@Fahim that's the most intellectually lazy and truth devoid comment here. Have you even researched what the corridor entails and the money Pakistan would earn just from transit and port and dry port storage fees alone? Read! Research! Then comment!
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Mar 29, 2017 11:03am
@Nitin Saini there are many huge solar projects in Pakistan. A little research would serve you guys well
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Mar 29, 2017 11:08am
Pakistani establishment has to be cautious for this CPEC investments; please do not compromise national sovereignty for commissions or damage to the environment. Too much of China nowadays, maybe its a way of countering American / Indian hegamony over the region, but please do not shut eyes to the actual scenario that is being witnessed with all things China.
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Mar 29, 2017 11:13am
@srini do some research. The coal isn't being imported. Pakistan is home to one of the largest supplies of coal (and other resources) in the world
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Mar 29, 2017 11:26am
@Fahim -- What happened to you people all those years? Why you never stood up and made "us" strong enough?
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Mar 29, 2017 11:30am
@Fahim short sight
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Mar 29, 2017 12:24pm
@Jamal Khawer Its not about respect..Will pakistan future power needs will be fulfilled by Coal plants? by 2020 pakistan will only get power sufficient enough to meet it need but no plan to cover future power need based on population growth and power consumption increase.
Investing on outdated tech is not good thing, its like u keep on buying old 15 year old bus which got banned in other countries but u roam it around freely.
Invest in Solar or Wind power, Sindh has a lot of potential for both..pakistan doesn't have enough coal production or quality of coal available, it has to import it..better go for solar or wind power.
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Mar 29, 2017 12:35pm
@faraz Biggest coal reserves are as follow
Russia - China - Austraila - India - germany - Ukraine - Kazakistan - Colombia and then canada..
Where is pakistan?
Pakistan is getting very good option but wasting CPEC by taking in old tech..remove coal plants..
don't make same mistakes that others do
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Mar 29, 2017 12:43pm
@Khan Whole world, even chinese..
what u are getting from chinese are their old decommisioned coal plants.
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Mar 29, 2017 12:48pm
India reduced coal % from 65% to 59% in 2016.
So india and even china is reducing coal based power production in % term on total electricuty produced..pakistan should move to solar and wind power in big way, avoid coal...coal based power plants won't help in long term.
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Mar 29, 2017 01:33pm
China can not give up their love for money . They always talk soothing for the consumption of locals and finally no Chinese business man establish industry for charity. They are trying their best in getting hi-end business in India but pushed out due to different reasons.
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Mar 29, 2017 01:43pm
Pakistan Uptill now was safe from the smog issues as faced in China and some other non western developed countries...now we will have cheap electricity at the cost of environment and health issues to be faced by ppl of Karachi
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Mar 29, 2017 01:50pm
@Komal S this is not a foreign investment...we the pakistani ppl will be paying back with interest...
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Mar 29, 2017 02:26pm
we know Mr china is sincere friend of pakistan in this world,s soil without any doubt .we have added more time our relationship higher than K-2 and longer than this earth,s distance.
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Mar 29, 2017 03:11pm
@Aa "we the pakistani ppl will be paying back with interest..." Do you expect someone else to pay your debts?
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Mar 29, 2017 03:17pm
The chinky friend is known for cheating and extracting his own pound of flesh all over the world. Hence best wishes for Pakistan.
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Mar 29, 2017 03:26pm
@Ahmed Ali great dear sir but what next? Power is not finished product (unless you're planning to export this power & generate enough revenue out of it to pay CPEC interest bills), Power is input which is needed for industries. Have you planned how to utilize these facilities of power, roads etc to generate output which will give you revenue in long run? that is the real question...
some of my indian friends talk about high cost of power but I think that is not such very big drawback. costly power is better than having no power.. provided you've use for power so generated
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Mar 29, 2017 04:16pm
Coal fired plants are getting stopped due to environmental norms. The only issue is China has lot of Boiler & Turbine OEMs - Harbin, DEC, Shanghai Electric. Their shops are getting closed due to lack of built up Thermal power plants. Please see the hidden agenda here.. :) Good Luck anyways!
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Mar 29, 2017 04:39pm
@Azad kashmir This comment looks like from a person living in a Fools Paradise.You my friend are a star. You do not want to work hard but just earn fees in transit. You are a joke my friend. We need industries, schools, universities and hospitals of our own to make a strong base for ourselves but these governements deny these basic rights to its citizens. I have done my research as i work in óne of the worlds biggest consultancy firm in Frankfurt, Germany. We are working on it. You seem to be a supporter of the Shrek ruling Pakistan.
If you can even cover the interest payment to Chinese banks just as you mentioned from trasit and toll fees even after 1 year would be a miracle.
Go get your basic right fulfilled and study hard only if you a a UPS or a generator.
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Mar 29, 2017 04:41pm
@Amin But this will be a Tsunami for our cottage industry.
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Mar 29, 2017 04:51pm
@aleem Ok.. So you the only one who is informed. All the information being kept by government as a secret. You cannot help the whole world by making billions as bribes for ur ownself and making ur own country from poor to poorest. Do you even have any idea about the interest rates and how we are going to pay???.. By sitting home ? Government needs to spend and give rights to its people by providing the right to health, educations, industries etc etc.. Not buying london flats and investing in tax free havens...
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Mar 29, 2017 04:53pm
@Ahmed Ali Only because they done want chinese navy anywhere near indian ocean.
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Mar 29, 2017 04:55pm
@Komal S Any idea about interest rates charged to us by Chinese banks when you compare chinese investments in other countries???? Any idea?
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Mar 29, 2017 05:33pm
@SID what you did was as per your circumstances and resources and if it gave you a good result it's good for you. let us try it out and even if it fails believe me we will never complain it to you. we would like our neighbours to at least refrain from making discouraging comments because we don't really like others to meddle into our internal matters. however we appreciate your concern.
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Mar 29, 2017 07:19pm
when brothers fight others benefit. Indians and Pakistanis don't even consider each other related anymore. Britishers succeeded in their divide and rule.
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Mar 29, 2017 07:19pm
@jaydeep Bhai Shukria for mohabbat yaar. Khan ka Salam Aap ko!
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Mar 29, 2017 07:21pm
What a joke!
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Mar 29, 2017 08:07pm
If the Chinese don't care about profiting from the CPEC then why are they charging such a ridculously high Interest & Rate of Return for the project? Please put your money where your mouth is by charging reasonable Interest & ROR.
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Mar 29, 2017 08:14pm
I'm a realist, and an educated one, I appreciate the guys vision, but its completely and utterly a fib to say the Chinese are only doing it for the good, and not profit. These big companies are worth BILLIONS not because they invest for other peoples good, but because its a win win, they also make a killing, that's business, and I'm good with that. I definitely is great news for the areas where these projects are being built, maybe it will force the kids to go and get a good education since jobs will come available, it will also eliminate the energy shortage to put it simply. Lets call it what it is, lets not over emphasize the reasons, at least not the ones that are hard to swallow.
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Mar 29, 2017 10:31pm
There is a say in my language..." the cat has taken an oath not to take fish, not to drink milk."
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Mar 29, 2017 11:49pm
@Baloch they have to build before hiring.
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Mar 30, 2017 12:17am
@IMTIAZ ALI KHAN I do, I would like to see a prosperous Pakistan
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Mar 30, 2017 08:25am
If somebody thinks China is doing charity, God bless...
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Mar 30, 2017 08:32am
End of the day everything is Profit and loss calculation...Citizens of respective country has to think in self sustainable direction...Foreigner are foreigners. All are business and political games.
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Mar 30, 2017 09:01am
a business not focussed on profit is of no use to anybody
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Mar 30, 2017 10:07am
I am a Chinese.
My pakistani partners told me that pakistan is big market for Chinese, haha...I told them that concept is wrong. In fact Pakistan is on almost 40th position of China Trading Partner. The Biggest trading partner for China is like as EU, USA, Japan and so so.
CPEC, actually is a bilateral benifit project. Pakistan can develop its economy. China can get a way to middle east. That is.
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Mar 30, 2017 10:27am
We know they are not selfish people.
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Mar 30, 2017 10:28am
of-course not...china is famous for doing Charity worldwide, why should it be any different in Pakistan
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Mar 30, 2017 10:31am
Thanks!
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Mar 30, 2017 11:08am
Time will tell.
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Mar 30, 2017 12:09pm
Not focused on Profit!!! then focused on what...?
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Mar 30, 2017 12:18pm
WoW, those big project MUST HAVE created huge job opportunity already in Pakistan. So much at stack for locals. Best Wishes from enemy nation INDIA
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Mar 30, 2017 12:20pm
@asif Ali Hope, is the greatest blessing human possess.
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Mar 30, 2017 12:21pm
@M.Saeed " There is a place in balouchistan with the name of " Chamalang" its has the 2nd largest caol mines in Pakistan and the best quality world has seen so far. many international firms went there to conduct the quality test and they were amazed to see the results, my source is my brother who assisted the international firms in this process. we will use our own coal for this power plant .
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Mar 30, 2017 12:55pm
yeah right
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Mar 30, 2017 01:54pm
They are not interested in profit but taken 17% profit guarantee from Pak govt?
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Mar 30, 2017 01:54pm
@faraz Sir sorry but Pakistan doesnt have the highest reserve. Not even in the top 10. Please check online
It really pains to see that in spite of the fact that new agencies like dawn are trying to bring the facts infront, still most people cant see the truth. The Chinese are not hiring any locals and that is proved beyond doubt, and its clear where they are heading to. But still people are overlooking the truth.
Does anyone has the details of the spending of CPEC and the terms and condition of the repayment? Answer is NO.
Even your think tanks are worried about it. I don’t know why you are in denial mode still
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Mar 30, 2017 02:15pm
If its not just profits we should be even more worried.
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Mar 30, 2017 03:57pm
@IMTIAZ ALI KHAN Both type of Souls on both sides. But beware of Chines
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Mar 30, 2017 07:37pm
If that is the case then why has Paksitan to "Guarantee" as profit if over Seventeen Percent in certain Sectors?
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Mar 30, 2017 08:00pm
@skumar "a business not focussed on profit is of no use to anybody" You can have benefits from a business without getting a profit immediately. You can acquire a position in a business of loss, to place yourself to get profit made on another business deal from that business that is running on loss. It seems complicated, but business people do it all the time. We understand what he means and agree.
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Mar 30, 2017 08:08pm
@Enkay "If that is the case then why has Paksitan to "Guarantee". Before an engagement bride and groom issue guarantees. Five years down the line, as love and family grows, both can't even recall the "guarantees" that were issued before the engagement. They know that they can't live a happy life, separated from each other, so one revert to the previous guarantee. Their mutual interest is the guarantee. Life works the same way in all aspect.
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Mar 30, 2017 09:22pm
@Mustty.... Gwadar to where?
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Mar 30, 2017 09:23pm
@Fahim Let me guess, everything is a "scandal" to you right? China is not Pakistan's daddy, they have their own national interests. It would be foolish to think they are not thinking of themselves when they invest in Pakistan for CPEC.
However, if them investing in Pakistan helps us out then so be it. Better than nothing. Remember - beggars can't be choosers.
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Mar 30, 2017 09:49pm
@Ali Naqvi.... Chamalang coal fields.... Great potential but zero development. Why is that? Too many vested and tribal interests? Let's see that being sorted out by the Chinese...
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Mar 30, 2017 09:53pm
@common & immaterial very sensible comment. Optimizing is the key to growth
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Mar 30, 2017 10:35pm
@M.Saeed all coal plants like this being built will eventually use domestic Thar Coal.
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Mar 30, 2017 10:42pm
@Aurora the Pakistan government estimates 700, 000 jobs to be created by CPEC in Pakistan. One Official Chinese newspaper estimated 2 million.
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Mar 31, 2017 07:21am
@SID Forget PkR 4, even if they can get it at PkR 8, it would be a great achievement for the government.
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