HIGHER THAN THE HIMALAYAS AND DEEPER THAN THE SEAS
China has
announced a $46bn investment plan which will largely centre on an economic
corridor from Gwadar in Pakistan to Kashgar in the Chinese region of Xinjiang The
money China is planning to pour into Pakistan is more than twice the amount of
all foreign direct investment (FDI) Pakistan has received since 2008, and
considerably more than the entire assistance from the United States, Pakistan's
largest donor until now, since 2002.
Pakistani officials say most projects will reach completion in
between one and three years, although some infrastructure projects could take
from 10 to 15 years. So the investment is not going to be spread too thin over
a longer period of time, as happened with the US assistance.
Experts say this will create jobs and spark economic activity
in Pakistan which over the last three decades has become a cranky, rent-seeking
military power torn by armed insurgencies and a failing system of service
delivery.between Gwadar and Kashgar, the corridor passes through areas
that are within striking range of Pakistan's Taliban insurgents. Until recently
they controlled territory along Pakistan's north-western border with
Afghanistan, and hosted the largest concentration of Uighur militants outside
China. They still have a presence in the border region, though their
sanctuaries have been disrupted by a Pakistani military operation that began
last June.
Prime Minister Nawaz
Sharif, on a request by Chinese Foreign Minister Wang Yi, gave the go-ahead to
the interior ministry to raise a high-profile force with the help of the
military and provide foolproof security to the Chinese working on the economic
corridor project.

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