Pakistan may cede Gilgit Baltistan to China to pay off its mounting debts says Report

Pakistan, Gilgit Baltistan, China, China Pakistan Economic Corridor, CPEC, Pakistan Occupies Kashmir
Image Source: FACEBOOK/SHAHBAZ SHARIF

Pakistani Prime Minister Shahbaz Sharif

Highlights

  • Locals voiced fear that Pakistan could cede GB to China
  • The move could bring Pak a lot of lease money that could help him overcome his economic woes
  • It could also lead to local protests in the region

Pakistan can lease Gilgit Baltistan (GB), a Pakistan-occupied region of Kashmir (PoK) to China to pay off its mounting debts. Karakoram National Movement chairman Mumtaz Nagri also expressed fear that isolated and neglected Gilgit Baltistan could become a future battleground for world powers to compete, Al Arabiya Post reported. The northernmost part of Kashmir borders China and Nagri expressed fears Pakistan would cede GB to China. Nagri is waking people up and has asked them “not to be afraid of ISI and to be ready to go to jail,” Pakistani media reported.

Relinquishing the GB illegally occupied by Pakistan would be a boon to China’s South Asian expansion. It has taken advantage of territory in the region that Pakistan previously ceded and would like to see GB, as the Karakorum is right on the trail of the China Pakistan Economic Corridor (CPEC). Such a move could provide Pakistan with significant lease payments that could help it overcome the current economic woes. But this could also annoy the US into refusing or delaying $3 billion bailouts from the International Monetary Fund (IMF). But this could also put Pakistan on the blacklist from obtaining funds from the IMF, World Bank and other global agencies in the near future, Al Arabiya Post reported.

Moving to the UK would not be easy, despite the federal government’s full civilian and military control and the extremely limited powers given to local government. It could lead to local protests as the population already feels shortchanged by the way CPEC has bypassed GB on behalf of Islamabad when it comes to development projects. According to Pakistani media, GB has a dwindling population, healthy people who migrate with their families wherever they have work and poor living conditions. Alarmingly, a report states that nine percent of all suicides in Pakistan take place in the UK.

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Despite powering the rest of the country, Gilgit-Baltistan only has power available for two hours as the region is not part of Pakistan’s national electricity grid. In addition, it suffers from food shortages and has no control over its hydropower or other resources. With such socio-economic conditions in the UK, there could be problems of a desperate population. On the other hand, the US, shocked by a chaotic withdrawal from Afghanistan last year and in no mood to leave the region, wants to avoid this likely Chinese expansion into South Asia and may instead want an outpost of its own. Al reported. Arabiya Post.

Bob Lancia, a US congressional candidate for Rhode Island, said: “The US could have benefited in Afghanistan if Gilgit-Baltistan had been in India and Balochistan had been independent,” Al Arabiya Post reported. (An) “India-controlled Gilgit Baltistan would also deal a major blow to America’s biggest rival, China, and China’s Belts & Roads initiative, by denying China direct access to ports on the Arabian Sea,” Lancia said in a report. from June 8. worn in the US.

Lancia said the US’s failure to leave Afghanistan had a lot to do with not having India as a partner, Al Arabiya Post reported. Lancia is a former member of the United States House of Representatives from Rhode Island. He also took to Twitter to focus on India’s strategic location and geopolitical prowess as a player in securing South Asia’s interests on the world map. He said that if Balochistan were an independent country, the US could have used it to supply US troops in Afghanistan instead of depending on Pakistan, Al Arabiya Post reported.

(ANI inputs)

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