⬆️ 10 weeks ago >> #Pakistan [already crushed under #China #debtDiplomacy] seeks a new long-term #IMF #bailout… When Pakistan defaults on China loans under the audacious #BeltAndRoadInitiative, China’s real prize [would be] Pakistan’s #GwadarPort on #ArabianSea 👀
Seems like that day is closer now. When #ChinaPakistanEconomicCorridor #CPEC was launched in 2015, it was heralded as a game-changer for Pakistan
The plan (part of #BRI) promised to transform Pakistan’s economy
https://www.thestatesman.com/world/pakistan-and-chinese-debt-trap-a-looming-crisis-1503337009.html
⬆️ #Pakistan better beware of #China's #debtDiplomacy. See what they've done to #SriLanka and #ColomboPort ➡️ https://mastodon.social/@rameshgupta/111969461293745781
#Chinese investment and financial support have been a boon for Pakistan's struggling economy, including rolling over of loans so that it is able to meet external financing needs at a time foreign reserves are critically low.
China has invested over $65 billion under #ChinaPakistanEconomicCorridor as part of its #BeltAndRoadInitiative #BRI
⬆️ The #GreatEncircler says it is willing to upgrade economic corridor with #Pakistan & deepen ties with #Brazil
Put that way, it sounds like #China is only reluctantly agreeing to do that
#ChinaPakistanEconomicCorridor includes building roads & rail systems to link China’s #Xinjiang region to Pakistan’s #GwadarPort on the #Arabian sea
It's part of Xi’s #BeltAndRoadInitiative #BRI, in which civilian infrastructure projects also have military applications.
https://apnews.com/article/china-pakistan-brazil-sharif-xi-alckmin-840a87521d23a6a00b053098f22c23cd
China's leader Xi Jinping has told the visiting Pakistani Prime Minister Shehbaz Sharif that Beijing is willing to work with Islamabad to build an upgraded version of an economic corridor linking their two countries. State broadcaster CCTV said on Friday that Sharif pledged to take effective steps to ensure the safety of Chinese workers in Pakistan. Five Chinese engineers working on a dam project died in a suicide bombing in Pakistan in March. earlier in the day, Xi also met with Brazil's Vice President Geraldo Alckmin, who expressed hope that Chinese companies would participate in a Brazilian government infrastructure program that includes railways, energy, port and airport projects.
To commemorate the 10 years of #ChinaPakistanEconomicCorridor, #Chinese President #XiJinping’s Special Representative and Deputy Prime Minister He Lifeng visited Islamabad from 30th July to 01 August. Federal Ministers Mr. Ahsan Iqbal and Mr. Rana Sanaullah welcomed the Chinese Deputy Prime Minister and Chinese delegation including 4 ministers.
✍ #ChatGPT Plus
🔗 https://en.eatnews.net/article-1/20230829-1/
The #Gwadar - #Kashgar #Railway track is a massive infrastructure project that will connect Pakistan’s deep-sea port of Gwadar with #China’s northwestern city of Kashgar. This railway track, which spans approximately 1860 miles, is part of the #ChinaPakistanEconomicCorridor ( #CPEC ), which aims to create a direct link between the two countries.
✍️ Muhammad Farhan Niazi
🔗 https://en.eatnews.net/article-1/20230526-1/
Ramesh #NotGoingBack
呷新聞 Eat News 