CPEC and Chinese aid to Pakistan

Massive Chinese financing comes to further three CPEC projects

Unequivocally, China Pakistan economic corridor is a real game changer for Pakistan. Only three projects of the China-Pakistan Economic Corridor acquired 90% of the whole Chinese financing of $1.8 billion in the last year.

CPEC

In the starting of the former fiscal year 2017-18, Pakistan made an estimate of getting $1.6 billion in Chinese loans and agrees for about one and a half dozen projects. This outlay run over the target, but only three projects got about 90 per cent, revealed the statistics put together by the Ministry of Finance and Economic Affairs. For More Details: Sea Cargo to Pakistan at the Cheapest Rates

Economic inflows into Chinese-backed projects points out that there is, by a very small margin, any productive development on the western passage that makes its way through Pakistan’s hinterlands and on Gwadar schemes.

Out and out, seven infrastructure projects come in for the loans of $1.8 billion and four of them were associated with CPEC, which is the segment of a strategic Chinese Belt and Road Initiative.

The three projects that were provided with $1.6 billion included, Thakot-Havelian motorway, Sukkur-Multan motorway and Orange Line Metro project, Lahore. The fourth CPEC project that got Chinese aid was the Cross-Border Optical Fibre that received $16.5 million in the last fiscal year.

Back in the days, cramped provinces have found fault with ignoring them in CPEC development, claiming that the most important consideration is being specified to projects that are either part of the eastern alignment or situated in Punjab like the Orange Line Metro project.

Gwadar Port

At odds with Pakistan’s estimates of $333 million, the Sukkur-Multan project at the eastern alignment received $904 million or half of the total loans came by in the last fiscal year.

In the same way, the Thakot-Havelian segment of the eastern passage came in for $318.2 million in loans against the official calculations of $197 million. Contrary to this, Orange Line Metro project, Lahore gained $359 million.

CPEC starts bearing fruit for people

On time winding up of these two huge road projects is pretty vital for the interconnection of China’s hinterlands with Gwadar Port. CPEC has been marked as the skipper project of the $1-trillion Belt and Road Initiative that will, in the long run, tie up 64 countries of Asia and Europe through the criss-cross of roads and seaports.

In the last fiscal year, China granted $4.5 billion in loans Cargo to Pakistan. These loans comprised of $2.2 billion as commercial loans, $1.8 billion under CPEC and $500 million in deposit from State Administration of Foreign Exchange (SAFE).

Pakistan’s dependence on China has increased over the past few years. China has also been granting loans for balance of payments support.

Other projects that got Chinese economic help include Neelum-Jhelum hydroelectric power project ($96.8 million), Pakistan Remote Sensing Satellite ($8.64 million) and Chashma Nuclear Power Plants 3 and 4 ($65.5 million).

Pakistan has now decided to start action

Pakistan expected to get loans for two Gwadar projects including the Gwadar International Airport and Pakistan-China Vocational Institute Gwadar. But, Pakistan was unable to get those loans from China.

Cargo Container

Another project mapped out to give safe and clean drinking water to the Gwadar city also did not get any Chinese aid. Similarly, few other projects got no aid from China causing a disturbance in their way. But, Pakistan has decided to finance these project itself.

Hopefully, this could bring ease in the way of these under construction projects. 

CPEC has Opened a new Cargo Route in Between two Great Nations

CPEC

Rail, Road and Sea Cargo will definitely get boost by this HUB


Sea and direct Train Cargo service between China and Pakistan will give boost in economy of Pakistan

Trade is the most important factor in the progress of any country. If the production of any country has its access to the international markets then it pays back with a huge amount of revenue in the form of foreign currency to the economy of country. Trade depends on suitable and feasible routes that interlink two countries or markets. CPEC has given the opportunity to Pakistan to raise its economy by trading with different countries by using this sea, train and road route that not only connects Pakistan and China but beyond china border.

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CPEC New Cargo Route

CPEC though not directly connected with the entire world, but possibilities are there that this route will become a business and CARGO HUB of recent future. Pakistan may get the fruits of this important CARGO ROUTE to improve its economy overall and departmental improvements have already been noticed especially in road Cargo sector and Rail Traffic in this connection. CPEC is based on Gwadar Port and different routes emerge from the port to the different parts of the world including Pak China Rail Route. This route is best for cargo or transportation things from China to Pakistan Cargo and vice versa.

A Cargo Train has already started its journey from China to Pakistan

Pak China Rail Freight

China and Pakistan direct rail route is in progress to cargo different commodities from China to Pakistan. Approximately 500 tonnes of Cargo is on move from the remote areas of China through rail route and will reach Karachi Port and Gwadar port by ships. Work on new railway track is in progress in Pakistan from Gwadar to different important markets of the country. New Locomotives have been purchased to Cargo in between two countries.

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The silk route is of great importance in Cargo connection

Silk Route

Road route is also important in Pak Cargo goods from China to Pakistan. By this route local business will connect with the world markets. The new SILK ROUTE has opened new gates for the economy of both countries. It provides the most cost efficient Cargo route between two countries. Different containers with oil and other commodities are on their way by using SILK ROUTE. New 3000km road network is in progress in both countries to get the best of SILK ROUTE. This step definitely will help to give boost in economy of both countries.

Gwadar port will give Cargo Operations for China

Gwadar Port

Though there is no direct sea links in between Pakistan and China, but Gwadar Port will become the major source of trade in between the remote areas of the region with China. By using this port, China will rejoin its remote areas that are out of its own vicinity and separated by the Karakorum Chain of mountains. Pakistan has provided a great opportunity to China to reach its remote provinces by using silk route and Gwadar port. No doubt that there is no linkage between this route and any international market directly but this port will give the opportunity and can use as the middle man in the main business of China with rest of the world. Pakistan will get its share by giving this opportunity of business to China. This will definitely improve the economy of Pakistan. To get fast cargo shipping, CPEC is the best source.