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Pak Media Scared That China Will Take Over Pakistan If Pak Govt. Can't Repay The CPEC Loan 2018

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Pak Media Scared That China Will Take Over Pakistan If Pak Govt. Can't Repay The CPEC Loan 2018
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Published on 2018-03-09
Uploaded by Modi Days

Pak media discussing how China can take over the projects and possibly some lands of Pakistan if Pakistan can't pay back the loan they took as part of China–Pakistan Economic Corridor also known as CPEC. Pak media saying china did the same thing to Sri Lanka by taking over the Hambantota Port when Sri Lankan Government could not able to pay back a loan they took from the Chinese govt. . Pak media saying many international economic reports have said that Pakistan will have difficulty to pay back this huge debt when they already have precious deb to pay back to international financial organizations like the International Monetary Fund also known as IMF and World Bank. Pak media saying China made the CPEC project for Chinese benefits and Pakistan have to take their benefit out of it or this whole project will be one sided. According to pak media when CPEC first introduced it cost around 50 billion dollars and now it has cross 60 billion which increased the loan amount that pak govt. have to pay back to the Chinese government. Pak media saying that 75 percent of the projects is just to build power plants which will be coal generated power and rest will be focus on infrastructure like the roads for transportation. Pak media saying that Pakistani government keeping projects of China Pakistan Economic Corridor a secret thus the total cost and where it will be build and what are the projects are open to speculation. Pak media also saying that the interest on the CPEC loan is around 6 percent and above that pak government have to current the Chinese Firms a 6 percent Return On Investment or ROI.
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