Sie sind auf Seite 1von 3

China Pakistan Economic Corridor at what cost?

Is this a really good Economic package for Pakistan?


Will it hurt Pakistani exporting goods manufacturers in future?
Governing party of Pakistan PML(N) knows that any energy plan which could bring
electricity is an easy sell to the people of Pakistan and they are using this to give
China an excess to Goader port. PML(N) Government might not even know how this
will hurt Pakistan exporting goods manufacturers in future.
First of all we the people of Pakistan should know NOTHING IS FREE and anyone who
is investing his money in any project is looking for his own benefit. So dont think
China is helping Pakistan because we are friends.
Is this really a good deal for Pakistan? Mr. Ahsan Iqbal is calling this a deal of the
century. This is a much better deal for China but not for Pakistan. Pakistan is giving
China $35 billion business to Chinese companies and investors plus a big trade
route forever and China is giving Pakistan $11 billion loan in return.
By Mr. Ahsan Iqbal $35 billion will be invested in Energy Sector, which will be built
by Chinese Companies. In simple words we are giving $35 billion business to
Chinese companies to generate electricity and he didnt explain that what will be
the cost of that electricity? Also there will be $11 billion loan and again he didnt
explain that how much interest we have to pay. Pakistan already has a big financial
death. Why are we keep adding in that death?
Chinese main economy depends on manufacturing and exporting their goods and
they want their economy to keep growing and bringing their cost of exports down.
China is looking different ways to achieve their goal. Chinese economy will suffer if
their manufacturing will slow down, which is declining right now. They need this
trade route to our Goader port so they can bring their cost of manufacturing down.
China is giving an investment package of $46 billion to Pakistan which most of
Pakistani experts believe will never be fully materialized. About this project, most
development statements which come from Pakistan Government are just a way to
get around. Majority of Pakistan economists think that it will not help Pakistans
trade because China doesnt import much from Pakistan. However right now China
has trade imbalance of 50% with Pakistan.
If Pakistan is giving $35 billion business to China, as fare trade China should give
same dollar amount business to companies of Pakistan. Government of Pakistan will
not do this, because it will have very less chance of any commissions or kickbacks
for Politicians.
More likely every Government of Pakistan has done those development projects
which they can get commissions and kickbacks. The politicians who are not happy

with this China-Pakistan corridor and as soon as they will get some part from $46
billion project, they will stop complaining.
By PML(N) Government this project is the project of the century and turning point
for Pakistan. Let me remind you that PML(N) has always said the same kind of
statements for all their previous failed projects. 1- Qarz Utaro Mulk Sawaro, 2- Yellow
Taxi, 3- Sastee Rooti and so on.
People of Pakistan need jobs that are good paying white collar jobs for our educated
people. Students those who are finishing their degrees are very disappointed in
future of finding jobs. This government needs to change its economic planning team
and get help from experts those who can help in creating new jobs.

Here is one example of our city Sialkot:


This Chinses trade route will dimension most of Pakistans hard earned foreign
exchange by our exporting goods manufacturer. This route will kill jobs and destroy
export sector. Our exporters already have very tough competition with China in the
worlds market as of right now.
Sialkot is the only big industrial city of Pakistan which was never connected with any
major Motorway because Sialkot always had a week leadership and politician.
Sialkot is second largest city of Pakistan in manufacturing and exporting goods for
more than 100 years. Sialkot is exporting goods since 1918 and now supplying
goods to almost every country of the world, directly or indirectly.
Sialkot exports are around 1600 Million annually and it is strengthening our national
economy, also it has more than 10,000 manufacturing companies. Sialkot provides
employments to more than 700,000 people directly or indirectly.
Sialkot is the world's largest producer of hand-sewed footballs, with local factories
manufacturing 60 million footballs a year, amounting to roughly 70% of world
production.
The worlds biggest brands sourcing a large portion of their supplies of goods from
Sialkot are Adidas, Nike, Puma, Select, Lotto, Umbro, Mitre, Micassa, Diadora,
Wilsons and Decathlon. Sialkot supplies footballs from this export-oriented city and
hub of cottage industry of the country.
Sialkots surgical instruments are exported to United States, Germany, United
Kingdom, France, Italy, Dubai, Japan, and Netherlands and 20% to rest of the world.
Sialkots other big exporting sector is Leather garments and this sector is bringing
an important foreign exchange for Pakistan. It is earning 217 Million, employed more
than 12,000 employees and 217 unite of big and small factories.

Sialkots manufacturing industry includes:


Sporting Goods: All Cricket sporting goods, All Hockey sporting goods, Polo Sticks,
Footballs, etc.
Sportswear: Track suits, Boxing, Cycling, Shorts, T-shirts, Wind breakers, Judo/Karate
kits, Casual wear, Stockings, etc.
Leather Garments: Leather jackets, Leather gloves, Leather belts, etc.
Surgical Instruments: All kind of surgical instruments.
All of Sialkot manufacturing industry has very tough competition with China and if
we will give China this easy and free trade route then most of Pakistan exporting
industry will suffer. At the end Pakistan will suffer.
Do the people of Pakistan need this electricity with the cost of killing Export
Manufacturers, Jobs and hard earned Foreign Exchange?
When Mr. President Bill Clinton made free trade deal with China, most of politicians
didnt understand the long term economic effects, that it will hurt American Jobs
and helped China the most. Now American are beginning to realize and trying to
reverse that deal. America is a strong country. It can come back and make changes
to help American economy but Pakistans industry cant survive if this deal will go
through.
Exporters of Pakistan should be very concerned and raise their voices before its too
late.
Mark our words!
The Wisdom of Possibilities

Das könnte Ihnen auch gefallen