The CPEC that is China Pakistan Economic Corridor is one of the
the game-changer project lead by China which was started for the making of
economic prosperity to the impoverished Pakistan. There was the Chinese
investment plan for the economic Corridor from Kashgar through Gilgit-
Baltistan ending at Gwadar. There was a military- political consensus on the
CPEC. However, in their exuberance to launch the ambitious project, Pakistan
government failed to go through process clearly. They did not found the factor
that billions the Chinese were going to pump into Pakistan was about
20% of Pakistan’s $270 billion dollar economy which may hold the Pakistan in
captivity in the next upcoming years. Besides, 2030 Pakistan would also have to
pay back $90 billion and this would be an additional burden on the Pakistan. UP Latest news in Hindi
One of the project Bhasha - Diamer Dam Project in Which Both
the World Bank and the Asian Development Bank had refused to fund this project
without NOC from India, but as it was expected Pakistan refused for approaching
India. As usual Pakistan turned to their true friend China in 2015, for financial
help and China agreed to back up the Dam project. However China wanted its
profit from this deal. There were some conditions about maintenance costs
ownership, and collateral security.These conditions were unacceptable to
Pakistan. This turn of events marked the first hole in the CPEC, same thing has
been seen two years ago. In November 2017,Pakistan announced the withdrawal of
Bhasha Diamer Dam project from the ambit of CPEC, causing quite a stir in the
Pakistan political scenario.
However there are many benefits of China from CPEC project it can be seen as In 2015 President of China Xi Jinping announced the mega project
CPEC proposal fully sponsored by China when he visited Pakistan, a total which
was increased later. The mega- project covering energy and infrastructure
development which has the potential to lift up the downing economy of Pakistan.
The project is an important link to their 'Belt Road Initiative.'
The most important achievement of China,to get geo strategic and
economic benefits by reaching Gwadar Port. The development of Gwadar and the
infrastructure projects of road and rail linkages across the country, are the
glamorous aspects of the projects.Latest news Kanpur in Hindi
Also some other important aim of China are to establish a security
and proper communication across the Pakistan for making its supremacy. The
fibre optic network that is passing from the disputed area between the Pakistan
and China shows the main aim of China. The CPEC is a transmission carrier of
China that will enable China for smooth flow of its products and making
pressure and showing its power to another countries of the world. Also China is
focusing on establishing control over Pakistan’s agricultural land for their
benefits, thousand acres of land wil be leased out to the Chinese companies for
the cultivation and agricultural practices.
Not only this Pakistan government has given huge tax
concessions across the CPEC projects as compensation for working in a trouble
zone. Moreover it can be seen clearly that Pakistan has given its economy and
Country running remote in the hand of China, It is the reason that some
Pakistani parliamentarians fear that CPEC could mark the arrival of another
'East India Company', which ultimately engulfed the Indian Sub-Continent. Raebareli current news in hindi
