China’s perspective on ties with Pakistan and CPEC’s prospects
1 year, 2 months ago

China’s perspective on ties with Pakistan and CPEC’s prospects

Hindustan Times  

This year marks a decade since the announcement of the China-Pakistan Economic Corridor. This brief analyses Chinese-language literature to understand the country’s current stance on Pakistan and the CPEC. China is keen for Pakistan to work on its internal stability and to creatively engage multiple stakeholders, particularly India and the US, to help successfully implement the CPEC and its larger geostrategic goals. Most notable was China’s ambivalence to a faltering Pakistan, despite being the country’s largest creditor, and having the ability to restructure its debt and reverse its economic free fall. Despite the rhetoric of an ‘iron-clad, all-weather friendship’ between Beijing and Islamabad, of Pakistan being the fulcrum of China’s South Asia policy, and of the $60 billion China-Pakistan Economic Corridor being the cornerstone of the Belt and Road Initiative, China chose a ‘wait and watch’ policy on the Pakistan situation, often even suggesting the US is to blame for Pakistan’s current plight.

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History of this topic

Balochistan liberation and debt directly hitting China-Pakistan Economic Corridor
1 week, 5 days ago

Balochistan liberation and debt directly hitting China-Pakistan Economic Corridor

Firstpost  

Both the increasing debt and uncontrolled militancy will keep the pot boiling and Pakistan in a mess for some time to come The hijacking of the Jaffar Express train from Quetta to Peshawar by the Balochistan Liberation Army on 11 March 2025 was another blow to the Pakistan security establishment. While CPEC has the potential to transform Pakistan’s economy, it …

Zardari in Beijing: Reaffirming China-Pakistan Ties Amid US Pressures
4 weeks, 2 days ago

Zardari in Beijing: Reaffirming China-Pakistan Ties Amid US Pressures

The Diplomat  

Amid the growing complexities in China-Pakistan relations, Pakistan President Asif Ali Zardari’s visit to Beijing in early February was crucial for addressing mutual concerns and reinforcing the “ironclad” partnership between the two nations. Islamabad may have also requested Beijing’s patience regarding financial repayments and CPEC project delays, given Pakistan’s economic constraints and security challenges. While China reaffirmed its support for …

Security a must to tap full CPEC potential
1 month, 2 weeks ago

Security a must to tap full CPEC potential

China Daily  

LI MIN/CHINA DAILY Pakistani President Asif Ali Zardari visited China from Feb 4 to 8 especially to strengthen the China-Pakistan strategic partnership. Both China and Pakistan have reiterated their commitment to implement eight initiatives to foster collaboration under the Belt and Road Initiative framework and work toward creating cooperative corridors that would help improve people's livelihoods, better protect the environment …

Security a must to tap full CPEC potential
1 month, 2 weeks ago

Security a must to tap full CPEC potential

China Daily  

LI MIN/CHINA DAILY Pakistani President Asif Ali Zardari visited China from Feb 4 to 8 especially to strengthen the China-Pakistan strategic partnership. Both China and Pakistan have reiterated their commitment to implement eight initiatives to foster collaboration under the Belt and Road Initiative framework and work toward creating cooperative corridors that would help improve people's livelihoods, better protect the environment …

CPEC: How ‘all-weather’ China-Pakistan friendship faces most severe storm
1 month, 3 weeks ago

CPEC: How ‘all-weather’ China-Pakistan friendship faces most severe storm

Firstpost  

As CPEC stagnates and Pakistan pivots towards the US, Beijing is caught in a strategic conundrum of whether to continue sinking investments into an unstable partner or recalibrate its regional approach As Pakistan's debt obligations towards China keep mounting and insurgent threats persist, Islamabad’s ability to maintain its sovereignty over critical assets like Gwadar is increasingly in question. The Chinese …

China-Pakistan cooperation: The new era 2.0
1 month, 3 weeks ago

China-Pakistan cooperation: The new era 2.0

China Daily  

This photo taken on March 21, 2023 shows the view of cooling towers at the Thar Coal Block-I Coal Electricity Integration project in Sindh province, Pakistan. The visit of Pakistan's President Asif Ali Zardari to China marks a significant milestone in the enduring partnership between the two nations. President Zardari's visit not only reaffirms the strength of this "all-weather strategic …

5 things about China-Pakistan ties as Zardari visits Beijing on Tuesday on 5-day tour
1 month, 4 weeks ago

5 things about China-Pakistan ties as Zardari visits Beijing on Tuesday on 5-day tour

Firstpost  

The ”discussions between leaders will encompass the full spectrum of Pakistan-China relations, with a particular focus on economic and trade cooperation; counter-terrorism and security collaboration, China-Pakistan Economic Corridor and future connectivity initiatives High-level Meetings with Chinese Leaders President Asif Ali Zardari will travel to China on Tuesday on a five-day state visit during which he will discuss a broad spectrum …

Pakistan, China vow to deepen ties, renew CPEC’s second phase
2 months, 3 weeks ago

Pakistan, China vow to deepen ties, renew CPEC’s second phase

Firstpost  

The CPEC, which connects Gwadar Port in Pakistan’s Balochistan with China’s Xinjiang province, is the flagship project of China’s ambitious Belt and Road Initiative Pakistan and China have reaffirmed their commitment to strengthening their “all-weather strategic” partnership, with a focus on advancing the “high-quality development” of the second phase of the multi-billion-dollar China-Pakistan Economic Corridor, according to media reports on …

Pakistan’s reliance on Chinese-built power plants is strangling its economy
3 months, 4 weeks ago

Pakistan’s reliance on Chinese-built power plants is strangling its economy

Live Mint  

ISLAMABAD, Pakistan—When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. A decade ago, Pakistan, cripplingly short of power, turned to Beijing to build more than a dozen coal, solar and hydroelectric power plants as part of China’s huge infrastructure push in the country. Pakistan commissioned the Chinese power plants in 2015, yet it didn’t carry …

Pakistan Seeks Extended Debt Maturities to Ease Electricity Price Hikes
5 months, 1 week ago

Pakistan Seeks Extended Debt Maturities to Ease Electricity Price Hikes

Live Mint  

Pakistan's finance minister expresses optimism over China's response to its request to lengthen maturities for debt involved in the Belt and Road Initiative. The country is seeking breathing room to lower electricity prices, which have been significantly higher in recent years. Pakistan has seen a period of stability after securing a new $7 billion loan program from the IMF, and …

Chinese modernization serves as model for Pakistan to promote economic development: Pakistani PM
5 months, 3 weeks ago

Chinese modernization serves as model for Pakistan to promote economic development: Pakistani PM

China Daily  

This photo taken on March 21, 2023 shows the view of cooling towers at the Thar Coal Block-I Coal Electricity Integration project in Sindh province, Pakistan. ISLAMABAD -- The unique Chinese modernization serves as a model for Pakistan to promote economic development, Pakistani Prime Minister Shehbaz Sharif has said, extending congratulations on the 75th anniversary of the founding of the …

Pakistan Wants China to ‘Reprofile’ Debt to Help Support Reforms
8 months ago

Pakistan Wants China to ‘Reprofile’ Debt to Help Support Reforms

Live Mint  

Pakistan has sought Chinese help to “reprofile” its debts with rollovers and maturity extensions to create more breathing room for economic reforms it’s seeking to enact under a new International Monetary Fund’s $7 billion loan program. Discussed with central bank officials during a recent visit to Beijing was a proposal to extend the maturity of debt for nine power plants …

Pakistan's new anti-terror initiative aimed at protecting Chinese projects: Report
9 months, 1 week ago

Pakistan's new anti-terror initiative aimed at protecting Chinese projects: Report

Hindustan Times  

China's reported hesitation to invest in new projects under the China-Pakistan Economic Corridor stems largely from concerns about the security of its citizens and assets in Pakistan. According to a recent editorial in Dawn, the move underscores Pakistan's recognition of the importance of addressing China's security concerns, especially at a time when attracting foreign investment is critical for the country's …

Pakistan PM Shehbaz Sharif, President Xi Jinping agree to upgrade CPEC
9 months, 3 weeks ago

Pakistan PM Shehbaz Sharif, President Xi Jinping agree to upgrade CPEC

The Hindu  

Pakistan Prime Minister Shehbaz Sharif and Chinese President Xi Jinping in their meeting have affirmed consensus on the upgradation of the China-Pakistan Economic Corridor and advancing high-quality development of the multi-billion dollar project in the second phase. Associated Press of Pakistan reported that Prime Minister Sharif briefed President Xi on Pakistan’s policies for economic reform and sustained growth, industrial development, …

China says it is willing to upgrade economic corridor with Pakistan and deepen ties with Brazil
9 months, 3 weeks ago

China says it is willing to upgrade economic corridor with Pakistan and deepen ties with Brazil

Associated Press  

BEIJING — Beijing is willing to work with Islamabad to build an upgraded version of an economic corridor linking the two countries, China’s leader Xi Jinping told visiting Pakistani Prime Minister Shehbaz Sharif on Friday. The report said that Sharif offered his government’s condolences for the deaths in March of five Chinese engineers in a suicide bombing in Pakistan. The …

Visit lays firm foundation for CPEC 2.0: China Daily editorial
9 months, 3 weeks ago

Visit lays firm foundation for CPEC 2.0: China Daily editorial

China Daily  

Pakistani Prime Minister Shehbaz Sharif speaks during an interview with Chinese media in Islamabad, Pakistan, on May 30, 2024. The large business delegation Pakistani Prime Minister Muhammad Shehbaz Sharif has brought with him on his five-day visit to China, that started on Tuesday, indicates deepening pragmatic economic cooperation is a key part of the agenda for his second visit to …

Visit lays firm foundation for CPEC 2.0: China Daily editorial
9 months, 3 weeks ago

Visit lays firm foundation for CPEC 2.0: China Daily editorial

China Daily  

Pakistani Prime Minister Shehbaz Sharif speaks during an interview with Chinese media in Islamabad, Pakistan, on May 30, 2024. The large business delegation Pakistani Prime Minister Muhammad Shehbaz Sharif has brought with him on his five-day visit to China, that started on Tuesday, indicates deepening pragmatic economic cooperation is a key part of the agenda for his second visit to …

CPEC: No free lunches for Pakistan
9 months, 4 weeks ago

CPEC: No free lunches for Pakistan

Hindustan Times  

It’s like watching a very bad sequel to Star Wars. The announcement from the Pakistan’s Prime Minister’s Office on the forthcoming visit of Shehbaz Sharif to China for the ‘launch’ of the second phase of the China Pakistan Economic Corridor, was less than enthusiastic, mentioning June 4 as a possible date that could be ‘slightly changed’. China is doing a …

Sharif’s Beijing trip: Can China-Pakistan Economic Corridor be revived?
9 months, 4 weeks ago

Sharif’s Beijing trip: Can China-Pakistan Economic Corridor be revived?

Al Jazeera  

Islamabad, Pakistan – Pakistan’s Prime Minister Shehbaz Sharif is scheduled to fly to China on June 4 for a five-day trip that will see him engage with Beijing’s top leadership, at a time when Islamabad has come to increasingly rely on its alliance with the world’s second-largest economy. As Pakistan looks to similarly kick-start its economy from the doldrums, amid …

Pakistan PM Shehbaz Sharif to visit China next week to further boost bilateral ties
10 months ago

Pakistan PM Shehbaz Sharif to visit China next week to further boost bilateral ties

The Hindu  

“Pakistan Prime Minister Shehbaz Sharif will embark on a five-day visit to China on June 4 to further strengthen bilateral ties,” the Foreign Office announced on May 31, as the all-weather allies seek to upgrade cooperation under the multi-billion dollar China-Pakistan Economic Corridor. The Prime Minister chaired a meeting in Islamabad on Friday on his upcoming China visit directed to …

Pakistan PM Sharif to visit China next month for formal launch of second phase of CPEC
10 months ago

Pakistan PM Sharif to visit China next month for formal launch of second phase of CPEC

The Hindu  

Pakistan Prime Minister Shehbaz Sharif will visit China in the first week of next month to join the formal launching of the second phase of the $60 billion China-Pakistan Economic Corridor, according to a media report on Saturday. While presiding over a meeting of representatives of Chinese companies on Friday, the Prime Minister said that Pakistan wanted to benefit from …

China urges Pakistan to do its 'utmost' to protect Chinese workers after recurrent attacks
10 months, 2 weeks ago

China urges Pakistan to do its 'utmost' to protect Chinese workers after recurrent attacks

India TV News  

Beijing: China urged Pakistan to do its "utmost" to protect thousands of Chinese workers involved in the China-Pakistan Economic Corridor projects after recurrent attacks on Chinese personnel became a major headache for Beijing. The demand came as Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar and Chinese Foreign Minister Wang Yi co-chaired the fifth round of the Foreign Minister-Level …

Rough Times in the China-Pakistan ‘All Weather’ Relationship
10 months, 3 weeks ago

Rough Times in the China-Pakistan ‘All Weather’ Relationship

The Diplomat  

As Pakistan steps up efforts to woo its closest allies into making a new round of investment in the country, it may find it difficult to convince China amid mounting security and trust concerns. The CPEC project, which included electric power plants, increased Pakistan’s transmission network’s length by around 1,000 kilometers and added an estimated 6,000 megawatts to the country’s …

New quality productive forces to power Pakistan and beyond, experts say
11 months, 1 week ago

New quality productive forces to power Pakistan and beyond, experts say

China Daily  

By ZHAO JIA | chinadaily.com.cn | Updated: 2024-04-25 14:02 Aerial photo taken on April 9, 2022, shows a view of the Karot Hydropower Project in Punjab province, eastern Pakistan. Pakistani China observers refuted on Wednesday negative narratives against the Chinese economy, saying Beijing's pursuit of high-quality development focusing on developing new quality productive forces has and will continue to benefit …

Pakistan’s election: Can the next government bring economic stability?
1 year, 1 month ago

Pakistan’s election: Can the next government bring economic stability?

Al Jazeera  

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large. As the country found itself at a precarious juncture, then-Prime Minister Shehbaz Sharif managed to secure a crucial bailout package from the International Monetary Fund – its 23rd fund programme since 1958 – just weeks before the government’s term expired. ‘Anti-populist’ …

China stands ready to work with Pakistan to upgrade CPEC project: Report
1 year, 2 months ago

China stands ready to work with Pakistan to upgrade CPEC project: Report

Hindustan Times  

Caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of the CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase. HT Image Chinese foreign ministry spokesperson Wang Wenbin while answering a question during a briefing on Wednesday said, “China stands ready to work with Pakistan to …

India to again boycott China's Belt and Road event amid criticism of CPEC: Sources
1 year, 5 months ago

India to again boycott China's Belt and Road event amid criticism of CPEC: Sources

India TV News  

India is set to boycott a summit of China's Belt and Road Initiative on Tuesday for the third consecutive time to highlight its stance on the controversial China-Pakistan Economic Corridor and the financial viability of Beijing's projects in other countries, according to sources. China is hosting the Belt and Road Forum for International Cooperation on Tuesday and Wednesday, as its …

China's bid for media control in Pakistan draws concern, says US report
1 year, 5 months ago

China's bid for media control in Pakistan draws concern, says US report

India TV News  

China has been working to exert influence over global media narratives and aims to gain significant control over Pakistan's media, according to a recent report from the US State Department. In 2021, China reportedly attempted to negotiate significant control over Pakistani media under the CPMC, proposing the creation of a jointly operated "nerve center" to monitor and shape Pakistan's information …

Amid frequent violent attacks on its citizens, what the future holds for China’s Balochistan plans
1 year, 7 months ago

Amid frequent violent attacks on its citizens, what the future holds for China’s Balochistan plans

Firstpost  

As the unfolding events demand continued attention, the manner in which the State responds will undoubtedly shape the trajectory of Baloch nationalist actions and exert far-reaching implications on Chinese investments and regional stability On 13 August, 2023, a Chinese envoy faced an attack while en route to a construction site near Gwadar, Balochistan. These allegations, encompassing coerced evictions and notably …

China's Compulsions for LAC De-Escalation: ​India’s Infra to International Pressure
1 year, 7 months ago

China's Compulsions for LAC De-Escalation: ​India’s Infra to International Pressure

News 18  

As Prime Minister Narendra Modi on Thursday held talks with China’s President Xi Jinping on the sidelines of the BRICS Summit in South Africa, amid a stand-off between the two countries in Ladakh, government sources listed exclusively for News18 the reasons forcing Beijing to de-escalate the situation at the Line of Actual Control. According to Foreign Secretary Vinay Mohan Kwatra, …

Pakistan, China sign six agreements to expedite second phase of CPEC
1 year, 8 months ago

Pakistan, China sign six agreements to expedite second phase of CPEC

India TV News  

CPEC: Pakistan and China on Monday signed six documents to initiate the second phase of the China-Pakistan Economic Corridor projects under a new model, in an attempt to further cement the “friendship” between the “iron brothers”. Pakistan Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng participated in the signing ceremony to mark 10 years of the CPEC which …

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
1 year, 8 months ago

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

Associated Press  

ISLAMABAD — China has invested $25.4 billion in Pakistan over the past decade for projects ranging from roads to power plants, China’s vice premier said Monday, as the two countries celebrated the 10th anniversary of the so-called Belt and Road Initiative. In his televised remarks, Chinese Vice Premier He Lefing said Pakistan’s southwestern town of Gwadar was once just a …

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
1 year, 8 months ago

Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Pakistan and China ink six agreements to expedite cooperation under CPEC
1 year, 8 months ago

Pakistan and China ink six agreements to expedite cooperation under CPEC

The Hindu  

Pakistan and China on July 31 signed six important documents to expand and expedite cooperation under the ambitious multi-billion dollar China-Pakistan Economic Corridor project, further cementing the all-weather strategic relations between the countries. Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng witnessed the signing ceremony held to mark 10 years of the CPEC, a collection of infrastructure and …

What is CPEC, the 'So-Called' China-Pakistan Economic Corridor that Turned 10 This Year?
1 year, 8 months ago

What is CPEC, the 'So-Called' China-Pakistan Economic Corridor that Turned 10 This Year?

News 18  

Chinese Vice Premier He Lifeng is scheduled to visit Pakistan to participate in a three-day ceremony commemorating the 10th anniversary of the China-Pakistan Economic Corridor project. The foundational agreement for the projects included in the China-Pakistan Economic Corridor was signed in 2013, with term sheets formalised during President Xi Jinping’s visit to Pakistan in 2015. Last year in September, when …

10 years of China's Belt & Road project: South Asia barring India & Bhutan, in a bind over Beijing’s predatory tactics
1 year, 8 months ago

10 years of China's Belt & Road project: South Asia barring India & Bhutan, in a bind over Beijing’s predatory tactics

Firstpost  

Except for India and Bhutan, all South Asian countries are part of the BRI. Despite this, a closer look at their economic conditions shows that China’s BRI promises haven’t been fulfilled since the project started a decade ago. This year marks the tenth anniversary of China’s ambitious Belt and Road Initiative, a $1.4 trillion project initiated by Xi Jinping with …

China helps Pakistan build defence infrastructure along LoC, says officials
1 year, 9 months ago

China helps Pakistan build defence infrastructure along LoC, says officials

India Today  

China has been helping the Pakistan Army build its defence infrastructure besides providing Unmanned Aerial and Combat Aerial Vehicles, setting up communication towers and laying underground cables along the Line of Control, officials said. This, according to the officials, is part of efforts to further shore up China's position as an all-weather friend of Pakistan while ensuring the safety of …

Pakistan receives $1 billion from China
1 year, 9 months ago

Pakistan receives $1 billion from China

The Hindu  

Cash-strapped Pakistan has received $1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan. Earlier, Finance Minister Ishaq Dar said Pakistan had paid back $1 billion to China last Monday against a due amount of $1.3 billion and it was hoped that the amount would …

China-Pakistan Relations: The Eye of the Storm?
1 year, 9 months ago

China-Pakistan Relations: The Eye of the Storm?

The Diplomat  

On May 6 and 7, Chinese Foreign Minister Qin Gang was in Pakistan, where he attended the China-Pakistan Foreign Ministers’ Strategic Dialogue as well as a meeting with Pakistani President Arif Alvi and Chief of Army Staff General Asim Munir. As a good neighbor, good friend and good partner of Pakistan, China sincerely hopes that all political forces in Pakistan …

Pakistan PM Shehbaz Sharif says China will save the country from bankruptcy
1 year, 10 months ago

Pakistan PM Shehbaz Sharif says China will save the country from bankruptcy

Op India  

On Friday, May 26, Shehbaz Sharif, Pakistan’s prime minister, stated that an agreement with the International Monetary Fund has not been reached, but that China’s backing will be critical in keeping the country from default. PM Sharif stated in his address to industrialists and businesses in Karachi that Pakistan has ‘successfully fulfilled all of the rigorous conditions imposed by the …

Pakistan and China Agree to Extend CPEC to Afghanistan, Stress on Combating Terrorism
1 year, 10 months ago

Pakistan and China Agree to Extend CPEC to Afghanistan, Stress on Combating Terrorism

News 18  

Pakistan, China and Afghanistan have agreed to forge closer economic ties by extending the Beijing-backed China-Pakistan Economic Corridor to Afghanistan to fully harness the country’s potential as a hub for regional connectivity. Pakistan Foreign Minister Bilawal Bhutto Zardari, his Chinese counterpart Qin Gang and Afghanistan’s Taliban-appointed acting Foreign Minister Mawlawi Amir Khan Muttaqi held the 5th China-Afghanistan-Pakistan Foreign Ministers’ Dialogue, …

Reluctant critic China urges Afghan changes on women’s roles
1 year, 10 months ago

Reluctant critic China urges Afghan changes on women’s roles

Associated Press  

BEIJING — China on Wednesday called on Afghanistan to reform its radical policies excluding women from education and public life and “adopt a more resolute attitude in combating terrorism.” The comments from Foreign Ministry spokesperson Wang Wenbin came on the heels of a Pakistan-hosted mini-summit of China, Afghanistan and Pakistan that sought to promote trade and lower border tensions amid …

Pakistan, China reiterate to continue cooperation on CPEC
1 year, 10 months ago

Pakistan, China reiterate to continue cooperation on CPEC

The Hindu  

A day after India criticised the China-Pakistan Economic Corridor, the Foreign Ministers of Pakistan and China on Saturday expressed their firm commitment to continue their cooperation on the multi-billion dollar infrastructure projects. “This corridor project remains a win-win economic initiative opened to all investors around the world,” Mr. Bilawal said, adding that Pakistan reiterated its “abiding commitment to its high-quality …

Indo-China relations won't be normal until peace and tranquillity maintained at border: EAM
1 year, 10 months ago

Indo-China relations won't be normal until peace and tranquillity maintained at border: EAM

Firstpost  

Panaji: Reiterating his stand on India-China border issues, External Affairs Minister S Jaishnakar on Friday made it clear again that the ties between the two countries cannot be normal until peace and tranquillity are maintained on the Land of Actual Control. Addressing a press conference at the conclusion of the Foriegn Ministers’ Meeting under the Shanghai Cooperation Organisation, S Jaishankar …

China’s Clouded Future in Afghanistan
2 years ago

China’s Clouded Future in Afghanistan

The Diplomat  

More than a year since the Taliban takeover of Afghanistan, the country is now facing a new terrorist threat that is making it more risky and difficult for China to commit to the region. A new U.N. report on the threat posed by the group published in early February describes Islamic State Khorasan Province as effectively establishing itself as “the …

With China’s funding, is Pakistan headed for Sri Lanka-like financial crisis?
2 years, 1 month ago

With China’s funding, is Pakistan headed for Sri Lanka-like financial crisis?

Live Mint  

Pakistan has receive a $700 million loan from China Development Bank, which will boost Pakistan's foreign exchange reserves by 20%. Additionally, China charges higher interest rates than other lenders, which adds to Pakistan's debt servicing costs. In the fiscal year 2021-2022, Pakistan paid around $150 million in interest to China for using a $4.5 billion Chinese trade finance facility. Will …

Will Pakistan's economic crisis affect Beijing-Islamabad relationship? China's quandary grows
2 years, 1 month ago

Will Pakistan's economic crisis affect Beijing-Islamabad relationship? China's quandary grows

India TV News  

Pakistan's economic crisis: China which holds Islamabad’s largest debt on Monday said it backed measures taken by its "all-weather friend" Pakistan to tide over the disastrous situation and hoped it will, in the end, pull through. Pakistan at the verge of default Pakistan’s current account deficit shrank 90.2 per cent to USD 0.24 billion in January from USD 2.47 billion …

How Realistic Are China’s Plans to Expand CPEC to Afghanistan?
2 years, 2 months ago

How Realistic Are China’s Plans to Expand CPEC to Afghanistan?

The Diplomat  

In October this year, Islamabad played host to the 11th China-Pakistan Joint Cooperation Committee meeting to discuss the progress of projects under the China-Pakistan Economic Corridor. China would like to use the experience gained in Balochistan in Afghanistan and Central Asian countries, where Beijing plans to undertake similar mineral extraction projects. China already has much of this transport connectivity infrastructure …

China’s Xi affirms commitment to Pakistan economic ties
2 years, 4 months ago

China’s Xi affirms commitment to Pakistan economic ties

Associated Press  

BEIJING — Chinese President Xi Jinping on Wednesday affirmed his country’s commitment to invest in Pakistan despite obstacles created in recent years by security concerns and the global economic slowdown. The Pakistani Taliban has also targeted Chinese interests in the past, including an attack on a bus last year that killed nine Chinese nationals in Pakistan’s northwestern Khyber Pukhtunkhwa province. …

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