Monday, December 16, 2019

China finds alternate to CPEC in Iran

Featured

Democrats to prosecute Trump on two counts: Trump says its political madness

Chairman of the Judicial Committee, Jerry Nadler, unveiled, on Tuesday, the indictments against US President Donald Trump. Nadler said -...

Greta Thunberg: “Change will come, whether you like it or not”

Greta Thunberg announced in a first Twitter message that she had managed to sneak into the Spanish capital -...

London Bridge attack raises questions on justice system in UK

The second terrorist attack on London Bridge in just two and a half years raises questions  about the justice...
Adil Ghaffar
Adil Ghaffar
Experienced Chief Executive Officer with a demonstrated history of working in the financial services' industry. Skilled in Negotiation, Business Planning, Microsoft Word, Accounting, and Team Building. Strong business development professional with an ACA focused in Accounting and Finance from institute of chartered accountants of Pakistan. Contact: [email protected]

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain said China has decided to invest $410 billion in different sectors of the Iranian economy.

The repercussions of the Chinese decision to invest in energy, infrastructure, and manufacturing would be felt globally and it will add to tensions between Washington and Beijing, he said. The move will secure the Chinese economy, strengthen the Iranian economy, increase its influence at the regional and global levels and escalate the insecurity among Arab nations.

Talking to the business community, the veteran business leader said that China was uneasy over slow progress on CPEC and the cold attitude of our government to please IMF which prompted them to look for alternatives. Moreover, China is dependent on energy supplies from the countries which are considered part of American block which is a threat to its security.

He said that the power equation in the Middle East will be changed and Iran can effectively play its role in various countries including Pakistan, Yemen, Iraq, Syria, Lebanon, and Afghanistan.

The former minister noted that investment in Iran was considered an alternative to CPEC and Beijing believes that it would be immune of American, Indian and Arab influence.  He said that close ties can stabilize the Iranian economy as China can buy its entire oil and gas production even if production is doubled while new gas pipeline could also be laid down.

Chinese leadership can also establish a naval base at Iranian port of Chahbahar in which India has invested heavily, he noted. He said that Pakistan could have attracted the investment by avoiding cold attitude and continuity in cordial relations with the important neighbour.

Read also: Mian Zahid: Stagnant exports have damaged crumbling economy

Adil Ghaffar
Adil Ghaffar
Experienced Chief Executive Officer with a demonstrated history of working in the financial services' industry. Skilled in Negotiation, Business Planning, Microsoft Word, Accounting, and Team Building. Strong business development professional with an ACA focused in Accounting and Finance from institute of chartered accountants of Pakistan. Contact: [email protected]

Latest News

Terrifying footage of Philippine earthquake measuring 6.8 on the Richter scale

The pioneers of social media circulated a number of snapshots of the earthquake that struck the southern Philippine on...

14-year old Florida boy brutally beaten on wearing MAGA HAT

14- year old boy brutally beaten on wearing MAGA HAT. It appears that political differences have blinded some, lost their senses, and made them...

UK election official results: Conservative party bags 364 seats, Johnson gets another term as PM

UK Election: Conservative party led by the Prime Minister Boris Johnson won achieved the victory after fetching 364 seats in their bag, the opponent...

Clint Eastwood has been misunderstood by reporters

Richard Jewell, latest film directed by Clint Eastwood, has been hit with heavy criticism ahead of its release. Eastwood's Oscar-winning actress was at the...

India: Multicultural country forced under the Hindu blanket

Seems to pass a week in which it does not come in India to mass protests. But the riots in the states of Assam...

Related News