Friday, 8 May 2015

Gwadar A Game Changer For Pakistan


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.

No comments:

Post a Comment