Saturday, May 13, 2017

$500M Pak-China Deals Signed for OBOR

Pakistan has signed $500M of deals with China during the OBOR summit, for the development of the its segment of OBOR:

https://www.usnews.com/news/technology/articles/2017-05-13/pakistan-signs-nearly-500-million-in-china-deals-at-silk-road-summit

Some countries are wary of the debt burden that the Chinese financing could create.
Pakistan, however, has expressed an optimistic view, with the government's chief economist telling Reuters this week that the repayments will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor.
Meanwhile, an uptick in violence in Baluchistan is already starting:

http://www.aljazeera.com/news/2017/05/gunmen-kill-10-labourers-balochistan-gwadar-170513111330168.html


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