CPEC all about China, not Pakistan’s prosperity: Najam Sethi

[czar]

Contrary to the claims made by Pakistan Prime Minister Nawaz Sharif that China Pakistan Economic Corridor (CPEC) is a game changer for the economy of a country, senior Pakistani Journalist Najam Sethi noted that the project is all about boosting the position of Beijing and its currency.

Presenting his critical review of the project, Sethi said that today China is competing globally to make the Yuan an alternate currency to the Dollar and its One Belt One Road (OBOR), in which CPEC is a project, is to play a major role in this.

Sethi explained that Pakistan is not receiving any foreign investment as it is viewed as a relatively volatile country surrounded by conflict ridden regions.

Islamabad has conflict on border with India, Afghanistan as well Iran but China is ready to risk the instability and invest because of the influence it enjoys over the country.
“Firstly they think Pakistan cannot sustain without China and in terms of the military hardware and protection on Foreign policy especially against India that China provides. (This is something) Pakistan can’t loose,” said Sethi on a Television show on Geo News.

Since, China realises that Pakistan is completely dependent on it for military and national security so, its policy is whatever regime is in power, it will work with them, the journalist noted, adding that this approach in turn makes its investments in CPEC secure irrespective of the fact that who is in power.

Another way of keeping its stronghold on the project, Sethi says is through increasing rates.

http://www.financialexpress.com/wor...tans-prosperity-senior-pak-journalist/678815/


Interesting revelations by Sethi.

 

[Syed1]

So now corrupt Sethi has also become an astute economic analyst?



Who the hell this guy thinks he is? I loved it when he got humiliated by his "home" crowd with Go Nawaz Go chants. Epic bayisti.

 

[hafeezrocks]

The Latest fad nowadays is to give your expertise views against CPEC and how it will result in Pakistan getting trapped under cluthes of China.

Before only the Indians were doing it, now some of our own has caught the same disease.

 

[PakLFC]

He knows nothing about CPEC although he could be right. The government needs to come out and tell the public what we are giving away in return for all that investment. I don't want Baluchistan to become Chinastan with million's of Chinese people invading the province.

 

[90MPH]

The project should be boosting both countries. It shouldn't be seen as boosting only one and not the other.

Just hope though the Pak leaders have been shrewd enough to make sure it's a long term deal that pays dividends in the future.