US sabotaging China-Pakistan Economic Corridor: Imran Khan’s aide

Chief of the Economic Corridor (CPEC) Authority has accused the of sabotaging the multi-billion dollar project, the economic lifeline of Pakistan, a media report said.

The ambitious was launched in 2015 when Chinese President Xi Jinping visited Pakistan.

It aims to connect western China with the Gwadar seaport in southwestern Pakistan through a network of roads, railways and other projects of infrastructure and development.

From the point of view of the emerging geo-strategic situation, one thing is clear: the supported by India is inimical to It will not let it succeed. That’s where we have to take a position, Khalid Mansoor, the Special Assistant to Pakistan Prime Minister Imran Khan on affairs said while addressing the CPEC Summit at the Institute of Business Administration in Karachi on Saturday.

Islamabad is the seventh largest recipient of Chinese overseas development financing with 71 projects worth USD 27.3 billion currently underway as part of the CPEC.

Many Western think tanks and commentators have termed the CPEC an economic trap that has already resulted in bloated public debt levels and disproportionately high Chinese influence in Pakistan’s economy, a report in the Dawn newspaper said.

The premier’s aide said the and India continue to make attempts to manoeuvre Pakistan out of China’s Belt and Road Initiative (BRI) a global infrastructure development plan under which the Chinese government has been investing heavily in about 70 countries, the report said.

There’s no way Pakistan will forgo any of its benefits. It has more than once burnt its fingers in (the Western) alliance in the past, he said, adding that their attempts to dilute China’s strategic influence in the region will fail. Mansoor said the Western powers view the CPEC as a symbol of China’s political ambition.

That’s the reason CPEC is seen suspiciously by both the United States and Europe they view CEPC more as a move by China to expand its political, strategic and business influence, Mansoor said, noting that China has been able to allay that apprehension to a great extent.

The United States is now taking stock of the economic and political consequences of withdrawing from the region, he reasoned.

I had a detailed discussion with the people in the American embassy. I told them CPEC is available for them as well. They have also expressed their wish that they would like to develop some kind of involvement and see how it can be beneficial for both countries, he said.

Mansoor said Islamabad is seeking the expansion of the CPEC to Afghanistan and has discussed the possibility of Taliban-led Afghanistan joining the multibillion-dollar economic corridor.

He said there has been deep interest in developing economic connectivity between Afghanistan and Pakistan and with other neighbouring countries, including Iran.

Some European countries have started showing interest (in CPEC). Their ambassadors keep on coming, he said.

He referred to fake news and negative propaganda about the viability of CPEC and the pace of its progress.

In terms of its scope, Phase II of CPEC is going to be an order of magnitude bigger than Phase I.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Recommended For You

About the Author: