Pakistan's CPEC ambitions face a setback as its all-weather ally China has refused to inject fresh investments. Despite repeated requests from Islamabad, Beijing is reportedly holding back amid the country's deteriorating security situation and persistent political instability. Watch this video for more details.

Gravitas: Pak's Ambitions Face Setback, China Won't Expand Investments | Beijing's Betrayal Explained

The imposition of fines and stalling of various projects have increased economic mistrust between Pakistan and China, at a time when the former nation is facing a financial crisis. A Pakistan civil court had imposed a USD 2.48 million fine on China National Petroleum Corporation after it was alleged of violating the contract signed with Petroleum Exploration (Pvt) Ltd.

Pakistan stuck in Chinese debt trap : Analysts

Chinese Foreign Ministry Spokesperson Zhao Lijian held a press conference. Watch report.

China press conference: Pakistan and China have been supporting and trusting each other