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Chinese bank ditches Pakistan on Iran gas project

March 14 2012 at 8:16 AM

Dilliwallah  (Login indiansunite)
Satyameva Jayate (India)

So much for the brotherly love that exists in Paki and Choonki minds [linked image]

from the Paki Dawn

ISLAMABAD: A consortium led by the Industrial and Commercial Bank of China (ICBC) has run away from providing financial advisory services for the Iran-Pakistan gas pipeline project apparently because of the US opposition to the plan and forced the government to look for alternative financing options.

It is apprehended that a probable reason for not signing the agreement (to act as financial adviser for the project) till date could be geopolitical situation in the region, a summary presented to the Economic Coordination Committee (ECC) of the cabinet on Tuesday said.

A meeting of the ECC presided over by Finance Minister Dr Abdul Hafeez Shaikh was informed by Petroleum Secretary Mohammad Ejaz Chaudhry that the Chinese consortiums leader had run away from the project.



2yv021f.jpg

"It's God's responsibility to forgive the terrorist organization
It's our responsibility to arrange the meeting between them and god."
-Indian Armed Forces

 
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the
(Login the-me)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

March 14 2012, 9:00 AM 

China and US are whoring pakiland by taking turns like a ping pong game. Pakis seem to like it too.

 
 

AryanArya
(Login AryanArya)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

March 14 2012, 7:24 PM 

The Pakis dont like Americans whoring them openly but they are too weak and incompetant to stop it but the Pakis dont mind Americans whoring them privately provided their "honour" is intact in public. With respect to China, the Pakis "like" the chinese whoring them since they are yet to realise that it is whoring. The few people who do realise it consider it a small price to pay in their effort to balance the Indians.

But what is interesting in all this is the US- Chinese equation. Their business relationship with "enemy" US is far more important to them than all their relationships with "friendly" countries put together. That is the reason i laugh when people conjure up scenarios of US-China "rivalry" and "enemity" forgetting that it was US which broke Chinese isolation and helped China and helped china to get where it is now in their effort to contain the Soviets.


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[linked image]

Krinvanto Vishwam Aryam
(Make this World Noble)

- Rigveda


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AryanArya
(Login AryanArya)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

March 14 2012, 7:24 PM 

double post

 
 

Dilliwallah
(Login indiansunite)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

April 4 2012, 6:12 AM 

Where are the taller than the mountain and deeper than the ocean friends?



2yv021f.jpg

"It's God's responsibility to forgive the terrorist organization
It's our responsibility to arrange the meeting between them and god."
-Indian Armed Forces

 
 

M
(Login Mehran.)
Honorary Moderator

Re: Chinese bank ditches Pakistan on Iran gas project

April 4 2012, 11:32 AM 

Last news I read on this, statedĀ that after the Chinese bank pulled out of this, the Pakistanis turned to the Russians. Not sure what became of that.

MĀ 


 
 

Dilliwallah
(Login indiansunite)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

April 19 2012, 8:20 PM 

And now the Chingloos are ditching the packees on the Neelum-Jhelum project..OUCH


Delay in Chinese loan puts Neelum-Jhelum project in doldrums
- Source

ISALAMABAD: The Neelum-Jhelum hydropower project is facing shortage of funds that could slow the pace of construction providing an edge to India, which is building Kishanganga project on the same Neelum river on its side of Kashmir, a senior official of Ministry of Water and Power said.

According to the Indus Water Treaty the country that first completes its project on Neelum tributary will have the priority rights on the water of Neelum River.

The financial situation of the project got worse as Pakistan did not get the expected credit line of $448 million from China, the official said.

The Chinese were delaying the credit line either on pressure from India or to exert pressure on Pakistani authorities to revise the financing rates of the project, the official said quoting the assessment of the EAD officials.

If Pakistan fails to complete its project before India, then it will lose the water rights to the upper riparian country.

Keeping in view the importance of the project, the official revealed EAD secretary Dr Waqar Masud dashed to China for two days last week to get the loan of $448 million, which the top man of China had committed during the visit of President Zardari to Beijing in 2009.

The Chinese Exim bank did not entrain Masud saying it would give the loan at appropriate time, although three years have elapsed since the commitment of China to Pakistan.

The Chinese Exim bank is delaying the disbursement of the loan since 2009 despite the fact banks team came to Islamabad in 2011 and visited the site of project where in it expressed satisfaction. However, the Chinese bank is still evasive in funding the project knowing the fact that Chinese contractor is completing the project. It is pertinent to mention that China has already refused to provide finding for Iran Pakistan gas line project.




2yv021f.jpg

"It's God's responsibility to forgive the terrorist organization
It's our responsibility to arrange the meeting between them and god."
-Indian Armed Forces

 
 

(Login Siddar)
WAFFer

Re: Chinese bank ditches Pakistan on Iran gas project

April 24 2012, 1:22 AM 

No sane person would put new money into Pakistan at this time.

 
 

(Login w00tness)
Satyameva Jayate (India)

Re: Chinese bank ditches Pakistan on Iran gas project

April 24 2012, 10:04 AM 

The Chinese Exim bank did not entrain Masud saying it would give the loan at appropriate time, although three years have elapsed since the commitment of China to Pakistan.


[linked image]

How piss poor must you be as a nation to beg for a 450 million dollar loan..LOL!

[linked image]
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