2 of its export receipts the highest figure during the past 14 years Examine

2 of its export receipts the highest figure during

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according to the Economic Survey of Pakistan, eating up 24.2% of its export receipts, the highest figure during the past 14 years. Examine all the countries who have joined BRI keeping this background in mind.
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Initial promise was creating more than 700,000 jobs for locals however, recent reports give a different data. The construction of the 392km highway from Multan in Punjab to Sukkur in Sindh is expected to create 9,800 local jobs. Similarly, the Suki-Kinari hydropower project in Khyber Pakhtunkhwa is expected to create more than 4,000 jobs. In terms of jobs actually created, it is reported that the China Machinery Engineering Corporation’s Thar lignite mining and coal -fired power plant in Sind has created over 1,000 jobs so far, while the Sahiwal power plant, southwest of Lahore in Punjab province ‘hired 3,000 locals’ There is widespread dissatisfaction at the employment only of Chinese workers and the project construction sites being isolated inside 10-foot high walled perimeters ostensibly for security.
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Dostain Khan Jamaldini, Chairman, Gwadar Port Authority clearly stated that locals were not skilled for any job in the Gwadar port. What is more the fishing community in Gwadar also fears the loss of livelihood and being cut out with the creation of the new port. China Pakistan FTA in 2007 led to complete shut down of Pakistani shoe industry and according to government data 20000 lost their jobs. Other than creating new jobs it has to compensate for the jobs lost over the years.
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Trouble in BRI Projects One of China’s top state-owned enterprises is building a high-speed railway line between Belgrade, the capital of Serbia and Budapest, the capital of Hungary. A member of the EU, Hungary is currently under investigation for possible violations of EU transparency requirements in public tenders in relation to the project. Chinese state media has propagated a increase in freight train services between China and Europe. But they do not state the value of cargo carried, and they rarely refer to trains traveling in the opposite direction, which occur less frequently and carry more empty. Athens’s Piraeus Harbor is another major piece of infrastructure that has become representative of China’s offensive in Europe. Since 2016, the Greek harbor has been controlled by China Ocean Shipping Company (Cosco) which acquired 51 percent of the Port Authority and will be able to acquire a further 16 percent by 2021, following substantial investments. The idea is quite simple: Through the “Maritime Silk Road” and the extension of the Suez Canal, China will be able to reach the Mediterranean Sea and will use Piraeus as a platform for Chinese companies and goods. Cosco intends to turn Piraeus into one of the largest container transit ports in Europe.
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The belt and road is a business venture, not aid Many Projects have been cancelled, renegotiated or delayed due to disputes about costs or complaints host countries get too little out of projects built by Chinese companies and financed by loans from Beijing that must be repaid.
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