Quote:
Originally Posted by Wera
Assalamoalaikum my question is
Is this true that in mega project CPEC only Chinese labours are allowed to work.? If yes then why not Pakistani labours are allowed to work.?
My 2nd question is
Is Pakistan also financing CPEC ..?if yes then plz give detail information ...
Plz seniors answer my questions I will be very grateful to you
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Not true. Pakistani engineers ,workers etc are working in those projects. They are working in both ways i.e directly and indirectly.
In one sense you can say that Pakistan is financing in it because According to official statistics, 20% of CPEC is debt-based finance, while 80% of CPEC are investments in Joint Ventures (JV) enterprise between Pakistan and China, with the project contributing to 40,000 jobs for local Pakistanis and 80,000 jobs for Chinese.
And, paksitan will not be giving back money for any development done for that 80 percent of project. And for other 20 percent they have devised interest based strategy. But still Pakistan is in a win-win situation. And the projects that Pakistan can start and develop indirectly which don't come in the domain of belt and road initiative are very important too. Boost in tourism is one of the examples in this regard.
There is just one main issue of brain drain that remains ,but still government is putting in lot of effort to stop this thing from happening. That was a well devised partnership initiated between Pakistan and China. But we will have to wait for some years to see how it really impacts socio-economic setup of both countries ,specially Pakistan.