China Announces Hydropower Megaprojects In Pakistan

published 28.07.2020 11:25

For Beijing, the strengthening of ties with Pakistan doesn’t only serve political goals but ensures a steady output for Chinese made products.

According to Samiullah Tariq, head of research at Pakistan Kuwait Investment Company, the completed facilities are “low hanging fruits like coal and LNG power projects.

Pakistan’s prime minister Imran Khan, however, quickly sought to renegotiate the terms of its loans due to the connection with the previous regime.

Pakistan is an exemption that China is willing to tolerate due to the south Asian country’s weaknesses and dependence on its giant neighbor.

Investing in Pakistan ensures an export market for surplus Chinese products due to industrial overcapacity.

by Raja Hamid from technologytimes.pk

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