China Finance
Pakistan – Development of relations between China and Infrastructure
Pakistan – Infrastructure Development relations in China
China is a country in modern development with good economic and political conditions. It is the largest company old with a key to modern culture and values. China has good relations with its neighbors like Pakistan and Russia. He is also working as much as possible solve the problem with India. Pakistan was one of the first countries to recognize China, and since then have very good relations with others. Any change in both countries has a good or bad as each other, and the region of Southeast Asia.
China, not only developed their own infrastructure, but also provides financial and material Pakistani army, which is very important for Pakistan to develop its infrastructure and because of its border and relations with India. Relations between China during the – Sixties India offers a good opportunity for Pakistan to get any help from China. Any change in Chinese politics and economic conditions have a major impact on Pakistan's economy, China is the main funder of the armed forces of Pakistan and development projects, such as ballistic missiles, JF-17 Thunder aircraft, Gwada Puerto etc. Any decrease the level of economic growth in China could reduce economic and military aid to Pakistan. Pakistan needs help China's development cooperation in economic projects such as trade, energy and infrastructure development like the port of Gwadar, etc.
Pakistan need for energy resources and nuclear power plants in China, Pakistan is facing an energy crisis in the country. China can provide such energy resources to solve the energy crisis in Pakistan for infrastructure development and economic aid. Chinese government burned some infrastructure development projects in Pakistan, which will benefit both countries in strengthening trade and water management. The percentage high development of China has a positive effect on the markets in Pakistan, delivering products cheaper than American and European manufacturers. Chinese products are popular in the Pakistani market, the options because of its price and different depending on the quality of people's needs.
Pakistan benefits mainly from China – Relations between Pakistan and agreements, but there are negative effects of this relationship in Pakistan's economy at the micro level. Pakistan local manufacturers can not compete with Chinese manufacturers with respect to price and quality that Chinese manufacturers produce products at a price low that local producers in Pakistan. Pakistan Some local manufacturers are shifting their operations because they can not continue to occur because that Chinese products are still cheaper in their markets. Government of Pakistan also provides facilities for traders who do business with China. For this reason, small manufacturers in Pakistan are being severely affected.
Pakistan has a very good relationship with your friend from all over China, which is positive for the security and peace in the region of Asia. China has very good relations with Russia and other countries may also place a positive impact in Pakistan, and Pakistan can resolve some of their problems with Russia and India with the help of Chinese diplomats. It is very important that Pakistan has that kind of friend who understands the needs and always provide sufficient information and assistance to help change the economic landscape in the country.
China is extremely supportive of the Gwadar port project in all areas such as management, construction and finance. Gwadar port is the great symbol of Sino – Pakistan friendly relations in the new century. Gwadar port project was planned long ago, in 1993, after completion feasibility studies. Chinese Premier Zhu Rongji visited Pakistan in May 2001 and under – written on Gwadar port project. On March 22, 2002 Deputy Prime Minister Chinese Wu Bangguo visited Pakistan and laid the groundwork for the project of Gwadar. These visits are very important to peace and development in this region after 9 / 11 attacks and U.S. military presence in the region.
Phase I of Gwadar Port project has been completed by the cost total of U.S. $ 248 million, of which China provided the largest U.S. $ 198 million portion. Chinese engineers and technicians worked day and night on this project and completed the first phase of three berths multipurpose port facilities, tugs and vessels of the government survey, etc. China has also invested 200 million dollars for the coastal road linking the port of Gwadar to Karachi. China continues its financial and technical support to other phases to be completed in the future with the cost of U.S. $ 526 million. These next steps will include the construction of nine more beds.
This project is very important and beneficial for Pakistan and China. Pakistan needs a other sea port of Karachi great distance, so that in times of hostility naval ships do not receive any type of lock. Pakistan also needs to develop Balochistan province, a business center, because it is very close to markets oil producers. China has a great interest in the turquoise Sea of Oman and China has no port in this region. Gwadar port may be very important and can serve the purpose for China, the two forces Armed and needs of oil resources.
Gwadar port is also important for China to create a necklace with its strategic ports Bangladesh, Sri Lanka, Burma and South China Sea to percent eighty of oil resources in China to these ports. This channel may be the line strategic defense of the management of oil from China and the flow of oil, which will give China a foot forward. This project is also consolidate the growing strategic relationship between Pakistan and China in the economic and technical. All Pakistanis warmly welcome the support China in the development of Gwadar port, I really want China relationship – Venezuela with strong American military presence close to everything.
It There were few incidents of terrorism against Chinese engineers working in the Gwadar port project, which took precious lives, but China continues to support the project without any delay. Pakistani people and government are very grateful to the Chinese government and people to continue to support projects and assistance Pakistan economy in all circumstances. China's support and assistance in the Gwadar port project is the strongest relationship being among China – Pakistan in the future.
China also played an important role in the development of infrastructure in the most difficult mountains in the border area of Pak – China has called "Silk Road" project and the Silk Road. This road network was an opportunity for trade and business between the two countries and because both have developed their infrastructure to create business areas. Pakistan now has over 500 foreign companies with more than 60 are Chinese. Chinese companies are working for development of infrastructure sectors such as telecommunications, energy, mining and information. Chinese companies are also working on projects such as dams profile, solar energy projects and oil. Pakistani government has also welcomed Chinese entrepreneurs who want to work for infrastructure development projects in Pakistan. In 2008, Pakistan has the highest level of activity in the infrastructure sector. Construction, housing, food, energy development projects and the design of a total estimated cost of 30 billion dollars. Priority projects include 969MW Nelum – powerhouse Jhelum and Diamer Basha dam with a capacity of 4,500 MW. These projects are under construction The Chinese consortium made up of the group and the machine company Gezhouba of Chinese exports. Pakistan and China have recently signed an agreement during the visit of the President Zardari to development projects with hydroelectric power estimated to cost U.S. $ 448 mn.
The transport sector in 2008 have benefited over U.S. $ 900mn of total project costs. That's because the National Roads Authority Pakistan plans to invest U.S. $ 5.3 billion in the sector transport. To enhance trade between Pakistan and China plan to other countries in the future, a project costing $ 6.5 billion launched which will connect the North with ports in the south. China also plays important role in these projects with an investment and technical assistance. China plans to use transport from south to north of Pakistan, binds directly to the Chinese territory.
Pakistan – China relations are at the origin with joint development of infrastructure projects, which will reduce the enormous costs of transportation for both countries. Infrastructure development is to have a backbone of economic development and trade between the two countries. Pakistan urgently needs the help and experience of his friend and neighbor China in the fields of energy, energy and infrastructure development. energy resources, energy and water pave the way for infrastructure and construction industry in Pakistan. It is time for Pakistan can play an important role in infrastructure border, which will help Pakistan to resolve its political crisis. China needs to analyze the division of funding for these projects in Pakistan so that the estimated amounts are used correctly and projects should be completed on time. It is very important for both China and Pakistan that infrastructure projects are well maintained, analyzed and monitored to ensure the rapid development of high profits.
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About the Author
Asad Zeeshan
Management Consultant
International MBA Courses (Europe)
MBA Finance (Pakistan)
+923454152834
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