Saturday, September 15, 2018

US-China Competition in Pakistan; CPEC's Future; RIP Kulsoom Nawaz

Are the United States and China really vying for influence in Pakistan as the American business publication Wall Street Journal claims? What is the big prize at stake? Does Pakistan hold the key to who wins the competition to claim the top spot as a global superpower?

How will the US-China competition affect Pakistan? Will Pakistan get IMF bailout or Chinese bailout? Will CPEC development slow down or accelerate? Will China invest in export oriented industries in Pakistan and buy more Pakistani products? How will PTI government led by Prime Minister Imran Khan handling the situation? Will they play their cards well to get maximum benefits for Pakistan?

What is the impact of Begum Kulsoom Nawaz's passing on Nawaz Sharif family? Is it more than a family's tragedy? What does it mean for Pakistani politics and Nawaz Sharif's future?

Viewpoint From Overseas host Misbah Azam discusses these questions with panelists Sabahat Ashraf (iFaqeer) and Riaz Haq (

Related Links:

Haq's Musings

South Asia Investor Review

Can Pakistan Avoid Recurring Balance of Payment Crisis?

Pakistan Economy Hobbled By Underinvestment

Pakistan's IT Exports Surging

China and US Battle For Influence in Pakistan

Pakistan-China-Russia Vs India-Japan-US

Chinese Yuan to Replace US $ as Reserve Currency?

Remittances From Overseas Pakistanis

Can Imran Khan Lead Pakistan to the Next Level?

China to Expand Manufacturing in Special Economic Zones


Riaz Haq said...

#Pakistan's army chief Gen Bajwa visits #Beijing after 'Silk Road' tension. He is most senior figure to visit staunch ally #China since the new government of Prime Minister Imran Khan took office in August. #CPEC #BRI

Pakistan has deepened ties with China in recent years as relations with the United States have frayed.

Bajwa may be hoping in Beijing to smooth out any Chinese alarm at comments last week by Pakistan’s commerce minister, Abdul Razak Dawood, who suggested suspending for a year projects in the China-Pakistan Economic Corridor (CPEC), the Pakistan leg of China’s Belt and Road Initiative that includes recreating the old Silk Road trading route.

Bajwa, the Chief of Army Staff (COAS), regularly holds meetings with world leaders due to the Pakistan armed forces’ outsize influence in the nuclear-armed nation, where the military controls security and dictates major foreign policy decisions.

“During the visit COAS will interact with various Chinese leaders including his counterpart,” Major General Asif Ghafoor, the military spokesman, tweeted late on Sunday.

Beijing has pledged to invest about $60 billion in Pakistan for infrastructure for the Belt and Road project.

Dawood, in an interview with the Financial Times, also suggested the CPEC contracts had been unfairly negotiated by the previous government and were too favorable to the Chinese. Later he said the comments were taken out of context, but did not dispute their veracity.

The critical comments were published just after China’s top diplomat, State Councillor and Foreign Minister Wang Yi, visited Pakistan and the two sides reaffirmed the mutual benefits of the Beijing-funded projects.

On Thursday, Pakistan’s government said it wanted CPEC to include more projects with a focus on socio-economic development, something which would align more with the populist agenda of Khan’s new administration.

Riaz Haq said...

Overseas Pakistanis sent home nearly $4 billion home in July and August, the first two months of FY 19.$3.966bn-in-remittances-in-two-month