Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.
Alice Wells alleged that there was no transparency in CPEC projects, claiming Pakistan’s debt burden was growing due to Chinese financing. She also touched on the cost escalation in the railways ML-1 upgrade project and said the Chinese companies joining CPEC were in World Bank’s blacklist.
Prime Minister Imran Khan will embark on his first visit to China on November 3 and is expected to meet Chinese President Xi Jinping and other top leaders and discuss ways to boost defence ties as well as the controversy-hit China-Pakistan Economic Corridor projects, according to a media report on Monday.
Prime Minister Imran Khan said on Sunday that the friendship with China is a cornerstone of Pakistan’s foreign policy and his government is committed to the implementation of the China Pakistan Economic Corridor (CPEC).
In a meeting with Chinese State Councilor and Foreign Minister Wang Yi, who is on an official visit to Pakistan, the prime minister thanked Foreign Minister Yi for the good wishes of Chinese leadership.