Skip to main content

China Fights Back After Pakistan Claims Corruption Loss of $500 Million on Belt and Road Project

AFP/AMELIE HERENSTEIN /20 Feb 2019/

A Chinese corporation in a statement on Wednesday dismissed Islamabad’s accusation of corruption in connection to one of the largest transportation infrastructure projects in Pakistan under Beijing’s ambitious Belt and Road Initiative (BRI) as “groundless.”

China State Construction Engineering Corp (CSCEC) refuted media reports this month accusing Pakistani government officials from the former Pakistan Muslim League-Nawaz (PML-N) administration of misappropriating $500 million in the Sukkur-Multan Motorway project, considered the largest infrastructure operation in Punjab under the more than $60 billion China-Pakistan Economic Corridor (CPEC), a component of BRI, also known as the One Belt, One Road (OBOR) initiative.

Murad Saeed, the communication minister in Pakistan, leveled the CPEC-linked corruption accusations against the official, the Dawn daily notes.

Breitbart TV

The Most Corrupt Big City in America Has Dem. Leadership, Welcomes Illegals - Study

In a statement issued to the state-run Global Times on Wednesday, the Chinese company declared that all its business activities and all other operations are “fully in compliance with Pakistani laws and regulations,” adding:

[The motorway project] immensely benefits Pakistani people and symbolize China-Pakistan friendship. We are proud to participate in this project. The whole tendering and bidding process and award of the contract have been made in accordance with local laws and international practices.


The Chinese firm claimed the estimated 245-mile CPEC project is progressing along on schedule.

In December 2017, Pakistan “stunned” its all-weather ally China by temporarily stopping funding at least three CPEC road projects over corruption concerns, Dawnreported.

Near the end of that year, Pakistan, Nepal, and Myanmar pulled out of three major hydroelectricity BRI projects, citing “tough financing terms,” “financial irregularities,” and lack of interest, respectively, Voice of America (VOA) reported in December 2017.

In October 2018, Pakistani officials reportedly slashed the budget for a massive CPEC railway project by $2 billion as concerns over Pakistan’s debts to China intensified.

The Wall Street Journal determined in July 2018 that CPEC is fueling Pakistan’s financial woes.

U.S. armed forces and independent officials have described China’s BRI project as a threat to the United States, arguing that it is being used to undermine the security and economic architecture of the international order by expanding Beijing’s influence, promoting its socialist/communist ideology, and possibly masking its a military activities, assertions that Beijing denies.

Beijing’s BRI, also known as the modern-day “Silk Road,” is expected to be a massive network of land and sea transportation infrastructure connecting China to more than 60 countries in Asia, Europe, the Middle East, Africa, and even Latin America.

American officials have warned that China is using BRI as a vehicle to push its “predatory” lending practices, also known as “debt trap diplomacy,” intended to undermine the sovereignty of borrower countries.

Mushtaq Khan, an economist and former chief economic adviser at the State Bank of Pakistan, told Nikkei Asian Review in March 2018 that Islamabad’s debt to China is rising.

Khan argued, however, that China “cannot afford” to bankrupt Pakistan due in part to its importance to keep mutual rival India in check.

“China’s primary interest in Pakistan is geopolitical rather than strictly economic, and therefore, for China, repayment of the debt burden will be secondary to maintaining a good political and economic relationship with Pakistan,” he declared.

China has long been Pakistan’s ally, providing the cash-strapped country with economic loans and military equipment.

Some countries are beginning to reject China’s BRI, conceding that its promises are just too good to be true.

Bloomberg noted this past December:

After an unprecedented run of funding large-scale investments in projects from railways to highways in poorer countries across Asia, governments are adopting a far more cautious approach to China’s grand plans for what it regards as its backyard. From Malaysia to Sri Lanka, simmering voter anger over deals perceived as unfair or corrupt are prompting close examination, investigation and even suspension of projects until recently taken for granted.


In Pakistan, terrorists angered by Beijing’s investment have attacked the Chinese consulate and workers and projects linked to BRI.

AsiaNational SecurityBelt and Road Initiative (BRI)ChinaOne Belt One Road (OBOR)Pakistan

 






https://www.breitbart.com/asia/2019/02/20/china-fights-back-after-pakistan-claims-corruption-loss-500-million-belt-road-project/

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Historical relationship between Kurd and Baloch.

The Kurds are the ethnical group living in a region known as Kurdistan which is divided into Iraq, Syria, Turkey and Iran. They  are struggling for an independent region since decades and they are famous for their female guerrilla fighters.        On 25 September 2017, the referendum for an independent Kurdish region  was held in Iraq with a turn out of 72 %.   On this important occasion, the historical relation between Kurd and Baloch people is worth discussing.       When it comes to history, every nation tends to find its roots and origin. Same goes with the Baloch people. The Baloch people are always curious  about  finding their roots in history. Even if you  talk to a shepherd in Balochistan, he will be curious to talk about his  tribal or ethnical roots.      The Balochs have always conveyed the history to the next generations in different mediums like poems etc. No Baloch before 20th century had written books on  history  or origin of the Baloch nation .
        Balochs…