• Latest
  • Most Read
CPEC Pakistan Lahore Karachi

CPEC is causing friction between Pakistan’s two major cities

5 years ago
5 Inventions that failed to serve their purpose

5 Inventions that failed to serve their purpose

3 hours ago
Pan INDIA movies have been a disaster this year, and the reason is apparent

Pan INDIA movies have been a disaster this year, and the reason is apparent

3 hours ago
Morgan Stanley gives double thumbs up to Modinomics

Morgan Stanley gives double thumbs up to Modinomics

3 hours ago
Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

4 hours ago
Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

20 hours ago
Best Indian TV Serials

5 Best Indian TV Serials of the 90s that people still crave for

1 day ago
Inspector Avinash

“Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

1 day ago
Sakshi Murder case

Nikita, Shraddha and now Sakshi – How long will this go on?

1 day ago
Karnataka congress

The Game of Thrones in Karnataka that will cost Congress dear

1 day ago
What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

2 days ago
Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

2 days ago
Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

2 days ago
Ram Charan’s “The India House”: A Nightmare for Leftist Intelligentsia

Ram Charan’s “The India House”: A Nightmare for Leftist Intelligentsia

2 days ago
10 Best Emilia Clarke Movies

Exploring the Magic of Emilia Clarke: Top 10 Best Movies to Watch

3 days ago
28th May 2023: A Historic Day for India, A Nightmare for the Leftists

28th May 2023: A Historic Day for India, A Nightmare for the Leftists

3 days ago
  • About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Thursday, June 1, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Sakshi Murder case

    Nikita, Shraddha and now Sakshi – How long will this go on?

    Karnataka congress

    The Game of Thrones in Karnataka that will cost Congress dear

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Morgan Stanley gives double thumbs up to Modinomics

    Morgan Stanley gives double thumbs up to Modinomics

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Vada Pav is Just the Tip of the Iceberg: A look into the rich culinary delights of Maharashtra

    India’s Resilience: A Zero Percent Chance of Recession

    Indian PSUs

    Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Modi is the boss

    Modi is the boss: “Vedic Mantras” and an ocean of crowd: PM Modi’s Australia tour will echo till eternity

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    NIA High Commission in UK

    NIA will probe the attack on Indian embassy, in UK!

    UK Student Visa rule new

    UK Student Visa Rules: International Students Barred from Bringing Families

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    5 Inventions that failed to serve their purpose

    5 Inventions that failed to serve their purpose

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    5 Accidental Inventions

    5 Accidental Inventions that have become essential in our lives

    Sengol Tamil Nadu real picture

    What is Sengol: Tamil Nadu Connection, History, Significance and why it is to be installed in New Parliament

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Pan INDIA movies have been a disaster this year, and the reason is apparent

    Pan INDIA movies have been a disaster this year, and the reason is apparent

    Best Indian TV Serials

    5 Best Indian TV Serials of the 90s that people still crave for

    Inspector Avinash

    “Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Sakshi Murder case

    Nikita, Shraddha and now Sakshi – How long will this go on?

    Karnataka congress

    The Game of Thrones in Karnataka that will cost Congress dear

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Morgan Stanley gives double thumbs up to Modinomics

    Morgan Stanley gives double thumbs up to Modinomics

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Vada Pav is Just the Tip of the Iceberg: A look into the rich culinary delights of Maharashtra

    India’s Resilience: A Zero Percent Chance of Recession

    Indian PSUs

    Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Modi is the boss

    Modi is the boss: “Vedic Mantras” and an ocean of crowd: PM Modi’s Australia tour will echo till eternity

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    NIA High Commission in UK

    NIA will probe the attack on Indian embassy, in UK!

    UK Student Visa rule new

    UK Student Visa Rules: International Students Barred from Bringing Families

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    5 Inventions that failed to serve their purpose

    5 Inventions that failed to serve their purpose

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    5 Accidental Inventions

    5 Accidental Inventions that have become essential in our lives

    Sengol Tamil Nadu real picture

    What is Sengol: Tamil Nadu Connection, History, Significance and why it is to be installed in New Parliament

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Pan INDIA movies have been a disaster this year, and the reason is apparent

    Pan INDIA movies have been a disaster this year, and the reason is apparent

    Best Indian TV Serials

    5 Best Indian TV Serials of the 90s that people still crave for

    Inspector Avinash

    “Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Politics » Trending » CPEC is causing friction between Pakistan’s two major cities

CPEC is causing friction between Pakistan’s two major cities

TFIPOST News Desk
by TFIPOST News Desk
18 September 2018
in Trending
0
CPEC Pakistan Lahore Karachi
2.8k
VIEWS
Share on FacebookShare on Twitter

After the election in Pakistan, the fight between Lahore and Karachi has come in media once again on allocation of China Pakistan Economic Corridor (CPEC) projects. Till now Lahore business lobby was stronger because former Prime Minister Nawaz Sharif represented the interests of Lahore business elites. In fact, his family itself is part of the Lahore business lobby. However, election of Imran Khan on highest decision making chair has changed the equations, Karachi business lobby supported Khan in election and now its asserting itself in policy making. The rivalry of two of the largest cities of Pakistan goes back to creation of Pakistan, almost seven decades.

Lahore was used to one cultural, intellectual center in Mughal and British India. But the rise in importance of ports in trading, and energized migrants from North India established Karachi as the business capital of Pakistan in the 60s and 70s. However, in later decades as Pakistan government became puppet in the hands of the military and the country moved from rule based capitalist economy to ‘patronage based economy’, the political elites of Lahore who are more powerful, seized the opportunity to move businesses near home. Since last few decades, the battle continues and the party in power at central legislature favors one or the other depending on reciprocal benefits. Therefore last five years were in favor of Lahore lobby because Sharif was in power but next five years will be in favor of Karachi’s business elites.

Sharif government awarded many CPEC contracts to Lahore’s businessmen who were operating in joint venture with Chinese companies. With the election of Imran Khan, Karachi’s lobby wants their share in the pie. Karachi-based businessman, Abdul Razak Dawood who is also an Advisor for Commerce, Textile, Industry & Production, and Investment to the prime minster had raised question on CPEC deal and allocation of projects. “The previous government did a bad job negotiating with China on CPEC – they didn’t do their homework correctly and didn’t negotiate correctly, so they gave away a lot. Chinese companies received tax breaks, many breaks and have an undue advantage in Pakistan; this is one of the things we’re looking at, because it’s not fair that Pakistan companies should be disadvantaged,” said Dawood in an interview. His criticism of CPRC deal and project allocation is significant because he is considered to be very influential in the present government. In fact, current Pakistan’s finance minister, Asad Umar is the previous CEO of Engro Corp which is owned Dawood’s family.

His family is one of the 22 richest families in Pakistan and he represents Karchi lobby which played important role financing Imran Khan’s campaign to get rid of Nawaz Sharif who favored Lahore lobby. 18 billion dollars worth energy and infrastructure projects were awarded during Sharif government (2013-18) in which Lahore’s businessmen and Chinese companies benefited most and Karachi’s businessmen were sidelined. Dawood’s own company bided for
engineering, procurement and construction contracts of five CPEC power projects but the projects were awarded to Chinese companies. Lahore’s businessmen benefited from this because many of them have joint ventures with Chinese automotive, cement, power generation and textile companies.

Tags: CPECImran KhanlahorePakistan
Share415TweetSend
Previous Post

UN Agency lauds India’s work towards significantly decreasing infant mortality and gender gap

Next Post

Center challenges SC order of house arrest of alleged Urban Naxals

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

5 Inventions that failed to serve their purpose

5 Inventions that failed to serve their purpose

1 June 2023
Pan INDIA movies have been a disaster this year, and the reason is apparent

Pan INDIA movies have been a disaster this year, and the reason is apparent

1 June 2023
Morgan Stanley gives double thumbs up to Modinomics

Morgan Stanley gives double thumbs up to Modinomics

1 June 2023
Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

1 June 2023

Popular This Week

Nawazuddin Siddiqui interview
Cinema

Dear Nawazuddin Siddiqui, you’re a one hit wonder, so just shut up

by Animesh Pandey
26 May 2023
Indian PSUs
Economy

Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

by Animesh Pandey
26 May 2023
Bollywood actors who are now thriving in other professions
Cinema

Bollywood actors who are now thriving in other professions

by TFIPOST News Desk
26 May 2023
Ram Charan represents Indian cinema at G20 Summit
Politics

PM Modi Picks Ram Charan Teja over Bollywood Khans to Represent India at G20 Summit

by Animesh Pandey
24 May 2023
Inspector Avinash
Cinema

“Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

by Animesh Pandey
31 May 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost