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DAILY NEWS LETTER, 09-February-2017.



Losing Our Identity!

The Era of 2016-2017 brought too much chanting about China, by pondering over recent activities regarding the interest shown by such a friend over acquisitions and constructions made in Pakistan, first and foremost CPEC which will be incorporating China in Pakistan from Gwadar to Kashgar crossing Kashmir having (railways, Airports, roads, and security infrastructures) which means too much Chinese presence including (Chinese nationals, Armed Forces, Politicians & others) being an investment of $57billion and rising.
Moving further, the institutions demanding attention is Pakistan’s and foremost Karachi’s core institutions such as steel, cement, energy and textile sectors, the backbone of Pakistan’s $270 billion economy.
Rs15 billion interest free loan under CPEC where China has agreed to finance Eastbay Expressway connecting Gwadar Port and its free zone directly to highway this will be a 19 kilometer highway and the expected time for its completion is about two and a half year this expressway will be a 6-lane thoroughfare with a 2-way railways track
China has also agreed to construct Gwadar Airport with a 100 percent grant, first ever in the history for which design would be prepared jointly including Rs1 billion which will also be provided by China for vocational training institute in Gwadar, which would train around 600 students per annum.
Moving on, the energy sector here “Karachi Electric” has been acquired by Shanghai Electric Power for $1.8 billion, and it seems that Chinese have got deep pockets as China’s steel giant Baosteel Group is in talks for over a 30-year lease for state-run Pakistan steel mills. Along with major investment by Chinese-led consortium recently took strategic stake in Pakistan Stock Exchange.
Recently we have witnessed that Sindh Chief Minister has signed an agreement during the 6th JCC through which a Chinese company would work here for purifying 390 million gallons water per day.    
Another ground breaking news regarding Chinese instruments for cleanliness arrive in Karachi.  The cleanliness in East and South districts of Karachi is soon to be started and in this regard the relevant machines and other relevant items from China have arrived at Karachi port. The consignment consists of six containers of the Chinese company having machines, dustbins and a large quantity of plastic and steel dustbins for household and commercial purposes.
In addition, more assignments of the Chinese company are expected to arrive at the city by next week.
The above discussed facts and figures along with other Chinese investment is shown in a table below to provide a short glimpse of Chinese involvement,
 
So, the question under heat is all these mammoth interests for what? Just for CPEC which is only another investment from Chinese perspective and only the origin for a massive plan for 6 economic corridors one belt, one Road (OBOR): Six economic corridors spanning Asia, Europe and Africa, these 6 economic corridors are being;

  • Corridor 1 (China Pakistan Economic Corridor)
  • Corridor 2 (China-Central, Asia West-Asia Economic Corridor)
  •  Corridor 3 (New Eurisan land Bridge)
  • Corridor 4 (China-Mongolia-Russia Economic Corridor
  • Corridor 5 (China-Indochina Peninsula Economic Corridor)
  • Corridor 6 (Bangladesh-China-India-Myanmar Economic Corridor)

So, Pakistan is not the only one, there are many other countries engaged in line for economic corridors, this so much interest shown by China handling major and strategic institutions of Pakistan mainly in Karachi as discussed above poses a sense of fear regarding total control of it, this much Chinese involvement leading us to the tag of “Pakistan made in China” and subsequently there is a massive vulnerability not in short term but over a strategic longer time period say (10 to 20 years) of losing our institutions identities as “Pakistani controlled”.


Ramiz Imtiaz
Linkers Realty
For any query contact +92-335-1369927 | 021-35639700-2


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