Pakistan Begins to Learn Chinese Development Cost

Pakistan Begins to Learn Chinese Development CostDespite the official narrative in both Beijing and Islamabad, the China-Pakistan Economic Corridor (CPEC) an ambitious US$51 billion plan to expand and upgrade Pakistan’s infrastructure that is an integral part of Beijing’s “one belt-one road” regional master strategy, is failing to yield the expected results.   With China-Pakistan bi-lateral trade tilting heavily to the former’s…

China’s US$46 billion Gift to Pakistan

China’s US$46 billion Gift to PakistanThe one thing to take away from the visit of President Xi Jinping to Pakistan is that both are in trouble diplomatically if they have to regard each other as their closest friends in Asia. Even by its standards of official largesse, China’s offer of US$46 billion for road, rail, energy and other investments in…

China Expands its Regional Reach

China Expands its Regional ReachThere is little more graphic evidence of the tightening hold of China on a hinterland well beyond its borders than the takeover in 2013 of Pakistan’s Gwadar Port, which they assumed control over last year to serve commercial traffic to and from the Central Asian states and Afghanistan, the Middle East, the Persian Gulf, China,…

Pakistan and the Wrong Road

Seemingly against the odds, Pakistan's stock market has continued to defy expectations, outperforming the rest of Asia outside Japan for the past 18 months and all of the emerging markets since last March. Since January 2009, the average annual return for the MSCI Pakistan Index has been 31 percent, beating MSCI Emerging at 19 percent,…