• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Sunday, June 7, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi
Afzal Sayal

Afzal Sayal

<em>The writer is Staff Reporter, Daily Times</em>

The East China Company

Published on: April 6, 2018 12:11 AM

All of us are acquainted by the historical fact that it was the East India Company that began the process of colonisation of the subcontinent. After relentless struggle and various anti-regime movements for decades, our founding fathers managed to carve out a separate state for us.

The departure of colonial powers was nothing but a deception and merely a change of masters. After seven decades of so-called freedom, the natives of this land are still being ruled in the same exploitative manner.

One of the biggest tragedies that befell Pakistan right after its inception was that those who were supposed to guard the country on the borders, ruled the nation and seized the executive and policymaking. For most of the time, Pakistan has.

The ruling elite, which constitute ten percent of the total population, had dragged the country towards economic debacle and lawlessness. The tragedy with its voters is that they did not consider their options and only exercised their right of vote on the basis of rosy promises.

If you read the history, you will find out that when the colonial powers invaded the territories of the subcontinent on the pretext of East India Company and economic development. Similarly, in today’s context, it is the CPEC project that seems to be entering Pakistan with the same intention and objective. Same promises are being made to innocent and poor natives of the land.

No doubt that CPEC can play a crucial role in the development of Pakistan, but the crucial part of the project remains dependent on the interests of our elite. CPEC can only be beneficent if the ruling elite give up on its selfishness and raise above personal interests.

There is no transparency at all. It seems as if Pakistanis are only the spectators of CPEC, and not equal stakeholders. Is this not enough to suggest that we are being enslaved?

The tragedy with the locals is that all the machinery, workers and other equipment and expertise were provided by China. The locals had no role in it and alarming thing is the Chinese were buying Pakistani lands on very low rate.

There is no transparency at all and the crucial part is still in the hands of Chinese leadership. It seems as if Pakistanis are only the spectators of this project, and not equal stakeholders. Is it not enough to suggest that we are being enslaved?

The Pakistani businessmen are constantly being kept in darkness.

For an economic progress, we have to implement the Middle Eastern model, but it will require coherent legislation and framework.

In a layman words, the Middle Eastern model requires 51 percent involvement of the local partners in every business initiated by the foreign stakeholders. The same formula is needed in Pakistan.

If any foreign company wishes to buy a piece of land in Pakistan, 51 percent of it should be owned by the local investor and 49 percent of it could be owned by the foreigners. A company should be obliged to keep 50 percent of its workforce from the native land.

Finally, if our governments do not ensure the local investment in all CPEC projects, no one can stop Pakistan from becoming a new Palestine.

The writer is Staff Reporter, Daily Times

Published in Daily Times, April 6th 2018.

Filed Under: Commentary / Insight

Submit a Comment




Primary Sidebar




Latest News

Maryam Nawaz unveils major Lahore urban renewal project

UoR earns NTC thumbs-up, sets new benchmarks in technology education

US weighs Iranian assets plan as Gulf tensions rise

Punjab shifts to digital land ownership system from July

Katie Price reaffirms support for husband amid relationship speculation

Pakistan

Maryam Nawaz unveils major Lahore urban renewal project

UoR earns NTC thumbs-up, sets new benchmarks in technology education

Punjab shifts to digital land ownership system from July

Bilawal calls urgent PPP meeting over AJK tensions

Punjab launches QR panic button system for transport safety upgrade

More Posts from this Category

Business

Pakistan savings rate hits 30-year low raising economic concerns

PSX new IPOs deliver 47% average return, boosting investor confidence

Pakistan signs MoU with Saudi, local firms to develop Karachi maritime business district

Gold prices witness sharp decline

Gul Ahmed venture QGDC announces $230m investment to set up Pakistan’s largest data centre

More Posts from this Category

World

US weighs Iranian assets plan as Gulf tensions rise

King Charles signals unity as royals gather at wedding

Pakistan tells un Kashmir dispute remains unresolved integral issue

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.