Looking at the CPEC with renewed optimism

As the new Pakistan government begins its tenure, there has been some talk and also some irresponsible reports in Western media of a change in attitude towards the China Pakistan Economic Corridor (CPEC) and possible re-negotiation of the terms and conditions. However, it now transpires that both countries remain on the same page in regard to the Belt and Road Initiative mega-project and the CPEC. In the last few days, top-level consultations have resulted in even better synergy between the two countries, dispelling any doubts about continuity in government policies. Remaining as top priority no matter which political party comes to power, the CPEC is a bilateral contract respected by all successive governments. ▲ In Islamabad on a three-day visit last week, Chinese Foreign Minister Wang Yi met Prime Minister Imran Khan, who expressed his absolute commitment to promoting China-Pakistan ties just as he did in his very first post-election victory speech. Stating that the CPEC is an icon of bilateral economic cooperation, he added that Pakistan “stands ready to work with China” on developing it. Meanwhile, reaffirming China’s all-weather strategic cooperative partnership with Pakistan, Wang Yi addressed the latest issue troubling Western media by saying: “The CPEC has not inflicted a debt burden on Pakistan; rather, when these projects get completed and enter into operation, they will unleash huge […]

Sep 28, 2018