For 'all-weather friend' China, Pakistan to ramp up breeding of donkeys

[Tibarn]

http://timesofindia.indiatimes.com/world/pakistan/for-all-weather-friend-china-pakistan-to-ramp-up-breeding-of-donkeys/articleshow/58081009.cms

 

Quote

NEW DELHI: China is investing as much a $50-odd billion in Pakistan for CPEC, so Pakistan, which will do anything for its 'all-weather' buddy China, is ramping up donkey breeding for China.

Sources have told Pakistan's The Express Tribune that the Khyber-Pakhtunkhwa government will soon begin a project to increase the donkey population in the province.

That's because gelatin made from a donkey's hide is an ingredient in much of Chinese medicine and is therefore highly valued. And with Niger and Burkina Faso, the top donkey suppliers for China banning the animal's export, the beast is in even higher demand.

The $1 billion project is called the 'Khyber-Pakhtunkhwa-China Sustainable Donkey Development Programme' and sources said it will meet "not only its investment cost but also generate a good amount of revenue." The project also hopes to attract Chinese investment in the province's agriculture sector under the umbrella of CPEC.

"The proposed project will help improve the socio-economic status of donkey-rearing communities by improving the health and

[Yoda-esque]

Padosis will be surfing the net even more now

 

Sent from my SAMSUNG-SM-G890A using Tapatalk

 

 

[zen]

Quote

NEW DELHI: China is investing as much a $50-odd billion in Pakistan for CPEC, so Pakistan, which will do anything for its 'all-weather' buddy China, is ramping up donkey breeding for China.

 

I am not sure if China is investing $50B. Most of it could be loans that Pak is taking to fund the projects to help China earn, along with allowing Pak's politicians to make some money 

Edited April 8, 2017 by zen

[Tibarn]

36 minutes ago, zen said:

 

I am not sure if China is investing $50B. Most of it could be loans that Pak is taking to fund the projects to help China earn, along with allowing Pak's politicians to make some money 

It is probably China giving low interest loans to Pak. The loans are probably exorbitant relative to Pak's credit, so it could be dangerous for Pak. 

 

IIRC Sri Lanka got similar loans, but the airport and other infrastructure they built with the loans doesn't generate enough money. They are now in a debt trap and are trying to sell off equity.  

 

[randomGuy]

22 minutes ago, Tibarn said:

It is probably China giving low interest loans to Pak. The loans are probably exorbitant relative to Pak's credit, so it could be dangerous for Pak. 

 

IIRC Sri Lanka got similar loans, but the airport and other infrastructure they built with the loans doesn't generate enough money. They are now in a debt trap and are trying to sell off equity.  

 

These smaller countries should never go for foreign currency denominated loans. For ex. Pakistan, it has no competence,  no meaningful exports (not even a popular tourist destination) or FDI etc. all its foreign exchange comes in form of remittances (max. from middle East) over which it has no hold and if the remittances suffer, Pakistan will face default on these loans quite quickly.

Edited April 8, 2017 by randomGuy

[Tibarn]

10 minutes ago, randomGuy said:

These smaller countries should never go for foreign currency denominated loans. For ex. Pakistan, it has no competence,  no meaningful exports (not even a popular tourist destination) or FDI etc. all its foreign exchange comes in form of remittances (max. from middle East) over which it has no hold and if the remittances suffer, Pakistan will face default on these loans quite quickly.

They are desperate. They don't understand basic economics, but swoon whenever they get any investments.  

 

SL for instance didn't even do feasibility studies it seems. How does one build an entire airport and then the airport doesn't have sufficient traffic?

[velu]

i am sure china will be contributing the female donkeys and pakistan will be sending their men

 

 

[Texy]

Why the need for breeding..Pakistan already has enough donkey working age. 

[BeautifulGame]

These smaller countries should never go for foreign currency denominated loans. For ex. Pakistan, it has no competence,  no meaningful exports (not even a popular tourist destination) or FDI etc. all its foreign exchange comes in form of remittances (max. from middle East) over which it has no hold and if the remittances suffer, Pakistan will face default on these loans quite quickly.

 

Ofcourse they should.Interest rates in Foreign currency loans are dirt cheap compared to what they can rise in local market.

 

The problem is the investment of these loans not how they raise it.

[narenpande1]

LOL.. Pak is contemplating doing stuff that the poorest African Countries have stopped doing. Breeding donkeys to serve their Chinese masters.

What next ... Stone Age ?

 

These brainless idiots across the border don't realize the slit eyed godless Chinese race have NEVER been friends of anyone in their entire

civilization. They are using and exploiting Pak for their own strategic purposes and ripping of the sovereignty by giving loans at 4-5 times higher rate that world bank and IMF, and calling it an " Investment "

 

 

They treat Muslims in their Xinjiang province worse than animals, disallowing them basic rights of a Muslim, like fasting growing a beard, reading the Quran etc..... Yet the Islamic Republic of Pakistan considers this godless race their " iron brothers". Elsewhere Pakistani fake love for fellow 

Islamic countries, and Indian muslims, but not a word is uttered against Chinese atrocities on Muslims in Xinjiang. 

 

This is is the true face of Pak who would even sell their sisters and mothers to anyone who arms them against India . They prefer to be slaves and subjects of a godless race like Chinese, that treats Islam as a plague, over living at peace with India and giving up their Kashmir fantasy.

 

Edited April 9, 2017 by narenpande1

[Texan]

Why breed? I thought they already had plenty of donkeys.

[randomGuy]

On 09/04/2017 at 9:01 AM, BeautifulGame said:

 

Ofcourse they should.Interest rates in Foreign currency loans are dirt cheap compared to what they can rise in local market.

 

The problem is the investment of these loans not how they raise it.

Local currency loans will have higher interest rates because there's been natural devaluation of these currencies (~60 PKR = 1 USD in 2008 to ~105 PKR now). Everything boils down to how competent you are. If you aren't competent you should avoid borrowing foreign money. In contrast, For borrowing from Local banks, you can print as much local currency as you want thru your central bank (which will have bad consequences as well).

Edited April 11, 2017 by randomGuy

[jusarrived]

 Donkeys with goatees , Pakistanis are a rare breed anyway . 

[Asim]

Pakistan... china... donkeys...

I know u guys cant speak on behalf of Pakistan or China at least...