China, a controlled economy, won’t give Pakistan direct money, warns economist

Islamabad – Abid Suleri, a renowned economist, has said that China can’t give direct money to Pakistan but the country will have to identify some projects for Chinese investment.

“Saudi Arabia is a kingdom and the kings can do what the kings do, they can give you a blank cheque,” the economist said. However, he said that China is a controlled economy and it won’t give Pakistan direct money.

“They will invest through some projects, agreements or some economic instruments,” Suleri added. “China needs an economic instrument where they can put money.”

Just a day earlier Prime Minister Imran Khan came back to Islamabad after concluding his first official visit to China. China will provide Pakistan economic aid but more talks will take place to sort out the details, a senior Chinese diplomat told Reuters, after PM Khan met Chinese Premier Li Keqiang on Saturday.

Abid Suleri said that it was decided during PM Imran Khan’s visit to Beijing that Pakistan will identify some projects in the industry and agriculture sector. China could agree to provide Pakistan technology for projects or fund them, he added.

Suleri said that Prime Minister Imran Khan didn’t go China to seek a loan. “The PTI used to criticize CEPC when it was in government so it was necessary to give a policy message that the new government is also serious about implementing CPEC like the previous government.”

"Monitoring Desk"

RELATED POSTS

2
Peace In Afghanistan and CPEC to help generate opportunities for the youth: Speaker NA
PM Imran Khan praises Chinese support, says China has been helpful in many areas
0.7 Million jobs likely under CPEC by 2030
Power generation capacity of Port Qasim power plant equivalent to 10 percent of national power generation capacity
CPEC energy projects undergoing rapid construction
China confirms pledging financial assistance to Pakistan
NHA plans construction of sections of CPEC Western Route, project to complete by end of 2019
CPHGC’s Unit 1 successfully synchronized with Pakistan national grid
Chinese Embassy clarifies CPEC debt article
Chinese industrial group to establish ceramics unit in Faisalabad
Chinese Embassy provides details on the latest progress of CPEC
Work on the New Gwadar International Airport, vocational training center and friendship hospital to begin in the first quarter of 2019
Six Pakistani entrepreneurs graduate from UNCTAD, Alibaba’s fellowship
China donates Rs6m more to families of martyred cops
Pakistan coming on track by enhanced export, trade volume with neighboring countries

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us