Skip to main content

Editorial: CPEC transparency

EditorialUpdated March 17, 2019

THE Special Committee of the Senate on the China Pakistan Economic Corridor has raised the demand for greater transparency in the execution of work under CPEC.

The government would be well advised to heed its words. The chair of the committee, Senator Sherry Rehman, said that ➡ her committee gets more information from the media than it does from the government, a state of affairs that is entirely unacceptable.

The ruling party, while it was in opposition under the previous government, used to regularly join in the chorus of demands for greater transparency on CPEC, and its representatives in parliament used to make the same demands at the time.

Now when they are in power they seem to have reverted to the same practice as their predecessor of keeping the country in the dark as large-scale work progresses under the CPEC banner.

ARTICLE CONTINUES AFTER AD

Only last week, for example, Planning Minister Khusro Bakhtiar announced a series of decisions taken by the cabinet committee on CPEC from which it was quite evident that major changes will be made to Pakistan’s policy environment in order to take the corridor project forward.

He mentioned that a series of projects in agriculture, education, health, poverty alleviation, water supply and vocational training is about to be finalised and will be shared with Chinese counterparts soon.

✔Apparently, Chinese experts have been consulted extensively in drawing up this list. Sadly though, Pakistan’s own parliament remains unaware of what is being planned and how the projects will be paid for.

In addition, the minister also revealed that plans to shift the financing of the massive railway upgradation project known as ML1, which is the largest under the CPEC umbrella at $8.2bn, have gone back to where the previous government had left them.

The then PML-N government intended to finance the project through a Chinese grant which would be repaid with interest from the government of Pakistan’s resources. The PTI, upon coming to power, said it would like to renegotiate these terms to Build-Operate-Transfer instead, so that the repayment burden does not fall on the government and the Chinese can be asked to finance the project with their resources and recover their investment by operating the railway line themselves for a specified period of time.

It seems like the Chinese have refused this offer. Naturally, the government now has to consider the terms of repayment carefully, given the size of the project, and figure out how to manage them at a time when it is going to the IMF for balance-of-payments support.

Under an IMF programme, the government’s economic priority would be to build foreign-exchange reserves and narrow the fiscal deficit, which could become a challenge if massive projects are launched with borrowed money.

The Senate committee is right to emphasise its stake in the enterprise, and the government should move to allay its concerns.

Published in Dawn, March 17th, 2019




https://www.dawn.com/news/1470126

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 yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please 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 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and