China to capture Pak markets at expense of local enterprises: Report
26 Feb, 2022
ANI 12 Feb 2022, 00:03 GMT+10
Beijing [China], February 11 (ANI): The humongous
difference between China and Pakistan's economies and the Sino-Pak ties
equip the Chinese to explore and capture the Pakistani market at the
cost of the local enterprises.
Pakistan Prime Minister Imran khan's recent visit to China and the
display of political resolve by the Chinese to push the second phase of
China Pakistan Economic Corridor (CPEC) is seen as "intrusive and
exploitative", reported Islam Khabar.
Pakistan's economy is stagnant and the Imran Khan government is
eyeing to increase the Foreign Direct Investment (FDI) in every way
possible. His recent China visit has raised several questions on whether
China has provided the much-needed funds that Pakistan needs.
However, both the governments are tight-lipped on this and one
commentator observed that Khan had gone "seeking a loan, not a medal" to
Balochistan remains unstable with growing resistance by the locals
since China entered the region and started construction of a port at
The Balochistan Liberation Army (BLA) is opposed to Chinese
investment including at the port of Gwadar, which it sees as in league
with the Pakistan army in colonizing and exploiting the region's rich
mineral and energy resources.
BLA continues to carry out terrorist attacks in the province, with
recent attacks on security posts in Pakistan that resulted in the death
of seven Pakistani soldiers and 13 terrorists.
Chinese investors, on the other hand, are also wary of the Chinese
workers in Pakistan as several casualties have happened in the past.
These investors, despite the recent promises done between Pakistan
and China for a further push to CPEC, have safety concerns while
investing in Pakistan which has seen many terrorist attacks on
The recent terror attacks can be interpreted by the Chinese as the
Pakistani government's failure to neutralize such threats, reported
A former President of the Federation of Pakistan Chamber of Commerce
and Industry (FPCCI) shared his anxieties over the resurgence of
increasingly lethal 'nationalist' outfits in Balochistan who discourage
"We have never been proficient in handling commercial affairs with
our partners, but the ruling party has breached all records. It has
alienated everyone, resulting in costlier deals. We can deal with
American hostility as we know what to expect. China is a different ball
game. We only know it as a friend. I sincerely hope that we are not
exposed to what it means otherwise.", a senior corporate lawyer said,
reported the newspaper. (ANI)