Pakistan: In preparation for handing over Gilgit-Baltistan to China, Pakistan can take steps to repay the debt

Expansion

Pakistan may lease Pakistan-occupied Kashmir region (PoK) Gilgit-Baltistan (GB) to China to pay its mounting debt. Expressing apprehension, Mumtaz, president of the Karakoram National Movement, said that isolated and neglected, Gilgit Baltistan could become a future battleground to compete for world powers. The northernmost part of Kashmir borders China and Mumtaz has expressed apprehension that Pakistan may hand it over to China at any time to pay off the debt. However, it has been said in Pakistani media that Mumtaz is spreading false news among the people.

Gilgit Baltistan a boon for China’s South Asian expansion

Mumtaz said that the Gilgit-Baltistan which Pakistan is illegally occupying will be a boon for China’s South Asian expansion. Mumtaz said that if Pakistan hands over Gilgit-Baltistan to China, then it can get a huge amount from China for this, which can help in dealing with its current economic crisis. But this step may also cost him heavily because America will never want China’s influence to increase in any way. The US may also blacklist Pakistan for the foreseeable future from receiving funds from the IMF, World Bank and other global agencies.

Bad condition of Gilgit-Baltistan: Pakistani media

Pakistani media reports say that the population of Gilgit-Baltistan is declining. Capable people are migrating with their families. Worryingly, one report states that nine percent of all suicides in Pakistan occur in GB. Despite providing electricity to the rest of the country, Gilgit-Baltistan has electricity for only two hours, as the region is not part of Pakistan’s national grid. In addition, it suffers from food shortages and has no control over hydropower or other resources.

Get more latest news updates