Subscribe free to our newsletters via your
. Military Space News .




THE STANS
Pakistan PM heads to China, eyes big investment
by Staff Writers
Islamabad (AFP) July 02, 2013


Pakistan's Prime Minister Nawaz Sharif heads to China this week on his first foreign tour, eyeing high-impact Chinese infrastructure projects as an answer to economic malaise and an energy crisis.

Weak growth, inflation, dwindling foreign exchange reserves and power cuts of up to 20 hours a day ruining industry are some of the biggest problems that Sharif faces as head of government.

He made fixing Pakistan's woeful economy and energy crisis the mantra of his election campaign and since winning a comfortable majority in May, has sought to strengthen economic ties with Beijing, arguably Islamabad's closest ally.

During his July 4-8 visit, Sharif is due to meet Chinese President Xi Jinping, Premier Li Keqiang, financial and corporate leaders, and visit major industrial centres and special economic zones.

Before even being sworn into office, Sharif hosted Li as the first foreign head of government to visit since his election victory.

In June, Sharif asked state-owned China North Industries Corporation (NORINCO) to install solar power plants, look into mining and explore iron ore, and he discussed the building of underground train networks in Pakistan's largest cities.

Sharif said Saturday that plans to build a trade corridor from the Chinese border to the Arabian Sea would be a "game changer" that would bring development and prosperity to three billion people.

"Pakistan has to come out of its difficulties and we want to cooperate with each other on... infrastructure and in the field of energy," Sharif added.

Chinese investment is popular in Pakistan where Sharif, himself one of the richest businessmen in the country, won plaudits for pulling off high-impact infrastructure projects such as a high-speed motorway during his two previous tenures in office.

"A trade corridor really could be transformative in parts of our ailing economy and it is here that the technocrats and business acumen of the new government are going to be shaping future foreign policy for Pakistan," wrote newspaper The News on Monday.

China-Pakistan trade last year reached $12 billion and is targeted to rise to $15 billion in the next two to three years.

During his visit to Islamabad, Li said Beijing was ready to speed up work to upgrade the Karakoram Highway, a vital link to any future economic corridor into Pakistan from the Chinese border.

China this year acquired Pakistan's Gwadar port, which through an expanded Karakoram Highway could connect it to the Arabian Sea and Strait of Hormuz, a gateway for a third of the world's traded oil.

On Monday, China's foreign ministry spokeswoman Hua Chunying told reporters that Beijing attaches great importance to Sharif's visit and welcomed the agreement on an economic corridor.

"I believe that such a cooperation project will help both countries as well as the development of the whole region," she told reporters.

Analyst Andrew Small of the German Marshall Fund of the United States said Pakistan was hoping for "substantive agreements".

He said the most important areas were the economic corridor to Gwadar, particularly proposed new infrastructure links, an extension of cooperation on hydropower projects and nuclear cooperation, which he said looks like moving into the 1000MW range, China's first such reactors overseas.

"How much gets formally announced during the visit is another matter - especially when it comes to the still-sensitive questions around Sino-Pakistani civil-nuclear cooperation," he told AFP.

But China will also raise concerns about security.

Any route to Gwadar lies through the southwestern province of Baluchistan, which is plagued by separatist, sectarian and Taliban violence.

On June 22, gunmen shot dead 10 foreign climbers, three of them Chinese, at a base camp in the Himalayas, the worst attack on foreigners in the country for a decade.

The mountaineers were killed in a region not only supposedly safe but not too far from where some Chinese hydropower and infrastructure projects are underway, Small said.

Pakistani political analyst Hasan Askari said he expected the Chinese to step up demands on Islamabad to be more forthright in dealing with terrorism.

The Chinese are also concerned that the separatist East Turkestan Islamic Movement (ETIM), which wants an independent homeland for Xinjiang's Muslim Uighurs, is training "terrorists" in Pakistan.

"They (China) don't want Afghanistan to become a safe haven for ETIM after the US withdrawal in 2014, as it was in the 1990s, and they want Pakistan's help to ensure that this doesn't happen," said Small.

"The Chinese are very concerned about the prospects for Afghanistan and in the last 18 months or so, they have discussed it far more intensively with Pakistan than they did in the past."

.


Related Links
News From Across The Stans






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








THE STANS
Policeman, rebel killed as Indian Kashmir shuts down
Srinagar, India (AFP) July 01, 2013
A policeman and a rebel were killed in Indian Kashmir on Monday as the troubled region shut down to protest at the weekend shooting of two civilians by the army, a police chief said. The officer and the militant were killed during a gun battle in the southern village of Mandoora, 35 kilometres (22 miles) south of the main city of Srinagar, said Kashmir's police chief Abdul Gani Mir. "We ... read more


THE STANS
Israel gets sixth Iron Dome, awaits David's Sling

Raytheon awarded contract to keep Patriot capabilities ahead of evolving threats

Israel fast-tracks Arrow 3 over Iran nuclear fears

US Missile Shield Threatens Balance in Asia-Pacific Region

THE STANS
Raytheon delivers first NASAMS High Mobility Launcher to Norway

BAE tests cost-saving multiservice guided projectile

U.S. seeks to buy into Israeli missile programs

Enhanced Paveway II provides improved capability, performance

THE STANS
France seeks $1.5B MQ-9 Reaper deal

UAV interest grows in Middle East, but suppliers few

Researchers Use Video Game Tech to Steer Roaches on Autopilot

A new trophallactic strategy for multiple unmanned aerial vehicles flying in formation

THE STANS
Mutualink Unveils Man-Portable Multimedia Interoperable Ops Fusion Kit with Secure Tactical 4G LTE Bubble Capability

USAF Awards Lockheed Martin Contract for IT and Telecommunications Services

Northrop Grumman Provides Fuel Quantity Indicator For E-3D AWACS

Canada Makes First Call On AEHF

THE STANS
Hints of 'messy quagmire' over Israeli arms sales

Kalashnikov to be airlifted to Moscow in new health scare

Germany orders Eagle V vehicles

MEADS Tactical BMC4I Software Demonstrates Interoperability in NATO Exercises

THE STANS
Israel seeks $5B in U.S. loans to buy arms

Finland charges three with bribery in Croatian arms deal

Lakota sale to Thailand gets green light

German cabinet approves 2013, 2014 budget plans

THE STANS
Philippines accuses China of military buildup at sea

US nudges China on sea disputes

Chinese media warns of 'counterstrike' in disputed Sea

Commentary: New world disorder

THE STANS
Ingested nanoparticle toxicity

Quantum engines must break down

Nanotechnology holds big potential for NMSU faculty

Sound waves precisely position nanowires




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement