A few weeks back, Saudi Arabia forced Pakistan to repay one billion dollars. However, since Pakistan did not have the cash, the South Asian country turned towards its ally China and China bailed out Pakistan.

However, now, the Pakistan media has reported that several Chinese banks and financial institutions do not want to fund the China-Pakistan economic corridor anymore.

Reports say&nbsp;they are not happy with the “current state of affairs“. Chinese banks and institutions are showing no or limited interest in financing the much-criticised CPEC.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-chinese-lenders-reluctant-to-fund-cpec-323541/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Pakistan's Foreign Minister Shah Mehmood Qureshi is said to have raised this issue during his recent visit to China.

<a href="https://www.wionews.com/south-asia/in-setback-for-imran-khan-govt-germany-refuses-to-modernise-pakistani-submarines-323027">Also read:&nbsp;In setback for Imran Khan govt, Germany refuses to modernise Pakistani submarines</a>

China uses its banks routinely to bankroll the&nbsp;Belt and Road projects.&nbsp;

The country's biggest and most powerful banks are state-run and so money is usually not a problem for China. This raises the question of why, then,&nbsp;are Chinese financiers looking away from CPEC.

The reason behind this is simple: it’s a loss-making enterprise.

The reports about this started coming last year. The first one was published in Wall Street Journal which stated that the Chinese projects for CPEC will run up to $62 billion and&nbsp;less than half of these are in progress. That's because&nbsp;Pakistan faces massive debt and Chinese stakeholders want Islamabad to guarantee repayments.

As the facts are laid out, the fears of these Chinese lenders are legitimate. You only extend a loan to those who can repay and Pakistan is in no condition to repay.

<a href="https://www.wionews.com/south-asia/exclusive-things-have-got-worse-in-balochistan-akbar-bugtis-grandson-appeals-for-global-support-323071">Also read:&nbsp;EXCLUSIVE| 'Things have got worse in Balochistan': Akbar Bugti's grandson appeals for global support</a>

In July this year, Pakistan received $1.8 billion in gross foreign loans. This is a jump of 263 per cent compared to the same month the last year.

In the last fiscal year, Pakistan received $13 billion dollars in foreign loans and a&nbsp;little more than $10 billion was utilized to repay maturing loans.

Pakistan is a country that’s surviving on loans as it borrows from one source to repay another lender. By now, any bank would have declared pakistan a non-performing asset. However, China seems to be holding on to its friendship.

<a href="https://www.wionews.com/south-asia/pakistan-urges-taliban-leaders-to-start-peace-talks-323092">Also read:&nbsp;Pakistan urges Taliban leaders to start peace talks</a>

Now Chinese banks want nothing to do with Pakistan and it only hints towards the fact that they, too, are running short of cash.

A Bloomberg report claimed that&nbsp;China’s biggest banks will face a capital shortage of well over $900 billion&nbsp;by 2024.

China’s four largest lenders are facing a funding gap, namely&nbsp;The Industrial and Commercial bank of China, The Bank of China, The China Construction Bank, and The Agricultural Bank of China. All of these banks are important, not just for CHina but also for the global economy because if they fail, it could trigger a financial crisis.

According to a report, these four banks had a total shortage of $323 billion&nbsp;last year and&nbsp;this shortage can grow up to $940 billion by 2024.

It is not the just the lenders who are suffering. The combined earnings of more than 1,000 commercial Chinese banks has slumped&nbsp;by 24 per cent, according to one claim, and the reason is the same - bad loans.

China’s big state-owned banks are the hardest hit. Beijing has used these banks to salvage the economy and write cheques to buy heft. However, the Chinese banks and lenders can’t afford any more bad debts.

A few weeks back, Saudi Arabia forced Pakistan to repay one billion dollars. However, since Pakistan did not have the cash, the South Asian country turned towards its ally China and China bailed out Pakistan.

A few weeks back, Saudi Arabia forced Pakistan to repay one billion dollars. However, since Pakistan did not have the cash, the South Asian country turned towards its ally China and China bailed out Pakistan. However, now, the Pakistan media has reported that several Chinese banks and financial institutions do not want to fund the China-Pakistan economic corridor anymore. Reports say they are not happy with the “current state of affairs“. Chinese banks and institutions are showing no or limited interest in financing the much-criticised CPEC. Pakistan's Foreign Minister Shah Mehmood Qureshi is said to have raised this issue during his recent visit to China. Also read: In setback for Imran Khan govt, Germany refuses to modernise Pakistani submarines China uses its banks routinely to bankroll the Belt and Road projects. The country's biggest and most powerful banks are state-run and so money is usually not a problem for China. This raises the question of why, then, are Chinese financiers looking away from CPEC. The reason behind this is simple: it’s a loss-making enterprise. The reports about this started coming last year. The first one was published in Wall Street Journal which stated that the Chinese projects for CPEC will run up to $62 billion and less than half of these are in progress. That's because Pakistan faces massive debt and Chinese stakeholders want Islamabad to guarantee repayments. As the facts are laid out, the fears of these Chinese lenders are legitimate. You only extend a loan to those who can repay and Pakistan is in no condition to repay. Also read: EXCLUSIVE| 'Things have got worse in Balochistan': Akbar Bugti's grandson appeals for global support In July this year, Pakistan received $1.8 billion in gross foreign loans. This is a jump of 263 per cent compared to the same month the last year. In the last fiscal year, Pakistan received $13 billion dollars in foreign loans and a little more than $10 billion was utilized to repay maturing loans. Pakistan is a country that’s surviving on loans as it borrows from one source to repay another lender. By now, any bank would have declared pakistan a non-performing asset. However, China seems to be holding on to its friendship. Also read: Pakistan urges Taliban leaders to start peace talks Now Chinese banks want nothing to do with Pakistan and it only hints towards the fact that they, too, are running short of cash. A Bloomberg report claimed that China’s biggest banks will face a capital shortage of well over $900 billion by 2024. China’s four largest lenders are facing a funding gap, namely The Industrial and Commercial bank of China, The Bank of China, The China Construction Bank, and The Agricultural Bank of China. All of these banks are important, not just for CHina but also for the global economy because if they fail, it could trigger a financial crisis. According to a report, these four banks had a total shortage of $323 billion last year and this shortage can grow up to $940 billion by 2024. It is not the just the lenders who are suffering. The combined earnings of more than 1,000 commercial Chinese banks has slumped by 24 per cent, according to one claim, and the reason is the same - bad loans. China’s big state-owned banks are the hardest hit. Beijing has used these banks to salvage the economy and write cheques to buy heft. However, the Chinese banks and lenders can’t afford any more bad debts.

Chinese banks' reluctance towards CPEC hint towards their funding gap

Pakistan`s top economic body on Wednesday approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a $6.8 billion project to upgrade its railway lines, the government said.

CPEC has seen Beijing pledge over $60 billion for infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative (BRI) to develop land and sea trade routes in Asia and beyond.

The Executive Committee of the National Economic Council (ECNEC) approved the railway project, known as Mainline-1 (ML-1), on a cost-sharing basis between Islamabad and Beijing, Pakistan`s finance division said in a statement.

Under the project, Pakistan`s existing 2,655km railway tracks will be upgraded to allow trains to move up to 165km per hour - twice as fast as they currently do - while the line capacity will increase from 34 to over 150 trains each way per day.

"The execution of the project shall be in 3 packages and in order to avoid commitment charges, the loan amount for each package will be separately contracted."

CPEC has come in for criticism from some western countries, particularly the United States, which says that the projects under it are not sufficiently transparent and will saddle Pakistan with the burden of expensive Chinese loans.

Both China and Pakistan have continuously downplayed such concerns over the years. The move ahead on ML-1, which has been on hold for years, will dispel notions that the government of Prime Minister Imran Khan is seeking to roll back some of the mega projects that he himself had questioned when in opposition.

At $6.8 billion, the ML-1 project alone is almost equal to Pakistan`s entire development budget for fiscal 2020/21, which stands at 1.32 trillion Pakistani rupees ($7.9 billion).

Pakistan`s top economic body on Wednesday approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a $6.

Pakistan`s top economic body on Wednesday approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a $6.8 billion project to upgrade its railway lines, the government said. CPEC has seen Beijing pledge over $60 billion for infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative (BRI) to develop land and sea trade routes in Asia and beyond. The Executive Committee of the National Economic Council (ECNEC) approved the railway project, known as Mainline-1 (ML-1), on a cost-sharing basis between Islamabad and Beijing, Pakistan`s finance division said in a statement. Under the project, Pakistan`s existing 2,655km railway tracks will be upgraded to allow trains to move up to 165km per hour - twice as fast as they currently do - while the line capacity will increase from 34 to over 150 trains each way per day. "The execution of the project shall be in 3 packages and in order to avoid commitment charges, the loan amount for each package will be separately contracted." CPEC has come in for criticism from some western countries, particularly the United States, which says that the projects under it are not sufficiently transparent and will saddle Pakistan with the burden of expensive Chinese loans. Both China and Pakistan have continuously downplayed such concerns over the years. The move ahead on ML-1, which has been on hold for years, will dispel notions that the government of Prime Minister Imran Khan is seeking to roll back some of the mega projects that he himself had questioned when in opposition. At $6.8 billion, the ML-1 project alone is almost equal to Pakistan`s entire development budget for fiscal 2020/21, which stands at 1.32 trillion Pakistani rupees ($7.9 billion).

Pakistan approves most expensive China-aided project to date

Amid rising coronavirus cases and a crippling economy, Pakistan Prime Minister Imran Khan has vowed that his government will complete the China-Pakistan Economic Corridor (CPEC) project "at any cost".

The project, which is a USD 60 billion project is being seen as a manifestation of the all-weather friendship between the two Asian countries, Pakistan and China.

<a href="https://www.wionews.com/world/xi-jinpings-enormous-ambition-is-leading-his-country-to-ruin-310580">Also read:&nbsp;Xi Jinping's enormous ambition is leading his country to ruin</a>

Imran Khan believes this project is an important step in the socio-economic development and the "gigantic multi-faceted initiative would guarantee a bright future for the nation", he said in CPEC review meeting.

"The corridor is a manifestation of Pakistan-China friendship and the government will complete it at any cost and bring its fruit to every Pakistani," Khan said.

<a href="https://www.wionews.com/world/china-guilty-of-forced-labour-under-horrendous-conditions-on-bri-project-us-report-308661">Also read:&nbsp;China guilty of forced labour under 'horrendous conditions' on BRI project: US Report</a>

While praising the efforts of the ongoing developments of the project, he urged the officials and workers to increase the productivity of the project.

The comments has come a day after the Chinese Foriegn Minister Wang Yi discussed the developments of the CPEC projects with his Pakistani counterpart Shah Mahmood Qureshi during a phone conversation.

The CPEC will connect Pakistan's&nbsp;Gwadar Port in Balochistan with China's Xinjiang province, and is one of the first projects under Pakistan's&nbsp;Belt and Road Initiative (BRI).

China's BRI has been under the magnifying glass of criticism as experts and country leaders feel that this is a way of China expanding it;s control over foreign lands, and this way China is reeling&nbsp;smaller countries under mounting Chinese debt after Sri Lanka gave its Hambantota port in a debt swap to China in 2017 on a 99-year lease.

Amid rising coronavirus cases and a crippling economy, Pakistan Prime Minister Imran Khan has vowed that his government will complete the China-Pakistan Economic Corridor (CPEC) project "at any cost".

Amid rising coronavirus cases and a crippling economy, Pakistan Prime Minister Imran Khan has vowed that his government will complete the China-Pakistan Economic Corridor (CPEC) project "at any cost". The project, which is a USD 60 billion project is being seen as a manifestation of the all-weather friendship between the two Asian countries, Pakistan and China. Also read: Xi Jinping's enormous ambition is leading his country to ruin Imran Khan believes this project is an important step in the socio-economic development and the "gigantic multi-faceted initiative would guarantee a bright future for the nation", he said in CPEC review meeting. "The corridor is a manifestation of Pakistan-China friendship and the government will complete it at any cost and bring its fruit to every Pakistani," Khan said. Also read: China guilty of forced labour under 'horrendous conditions' on BRI project: US Report While praising the efforts of the ongoing developments of the project, he urged the officials and workers to increase the productivity of the project. The comments has come a day after the Chinese Foriegn Minister Wang Yi discussed the developments of the CPEC projects with his Pakistani counterpart Shah Mahmood Qureshi during a phone conversation. The CPEC will connect Pakistan's Gwadar Port in Balochistan with China's Xinjiang province, and is one of the first projects under Pakistan's Belt and Road Initiative (BRI). China's BRI has been under the magnifying glass of criticism as experts and country leaders feel that this is a way of China expanding it;s control over foreign lands, and this way China is reeling smaller countries under mounting Chinese debt after Sri Lanka gave its Hambantota port in a debt swap to China in 2017 on a 99-year lease.

Imran Khan vows to finish CPEC corridor 'at any cost' amid rising domestic issues

Chairman of Baloch National Movement (BNM), Khalil Baloch, has said in a statement that the multi-billion dollar China-Pakistan Economic Corridor (CPEC) is part of China's global Belt and Road project under which Beijing is working in Balochistan to achieve its strategic goals.

"CPEC project has been portrayed as an economic project by Pakistani parliamentary parties, including the National Party, who have secured financial incentives by supporting Pakistan and China. The National Party has fully supported the federal government of Pakistan in negotiating to sell Balochistan to China under Nawaz Sharif's government. Today, the time has proved that Pakistan has mortgaged most of Balochistan, including Gwadar to China in order to maintain its occupation and crush the Baloch independence movement." said Khalil Baloch.

<a href="https://www.wionews.com/south-asia/covid-19-pak-minister-warns-12-million-cases-by-july-end-total-infected-cases-cross-142000-305899">Also read|&nbsp;COVID-19: Pak minister warns 1.2 million cases by July end; total infected cases cross 142,000</a>

He added, "This is an enigma of our national survival and the conspiracies are exposed to separate the Baloch coast from us in the coming years."

Khalil Baloch said since the day the Baloch leadership has continuously notified the world that China is rapidly building a naval base on the Baloch coast and in the future, Jwani and Gwadar will be important bases of the Chinese navy.

"Sadly, the world powers have either ignored the Baloch national voice or they have compromised with China for their short-term economic interests," he further said.

<a href="https://www.wionews.com/pakistan/imran-khans-relationship-with-army-on-the-rocks-amid-covid-19-outbreak-305845">Also Read|&nbsp;Imran Khan's relationship with Army on the rocks amid COVID-19 outbreak</a>

The CPEC project will have far-reaching political and military consequences for the region and its impact will be the same for all other countries in the region, including Balochistan.

"Today, China is swiftly shifting the balance of power in the region. This is not only a catastrophic move for Balochistan but other countries in the region will not be spared of its effects. India will be directly affected by Chinese influence in the Indian Ocean and Chinese military presence near the Strait of Hormuz could lead to war in the region," said the Baloch nationalist leader.

He said that China is gaining ground in Balochistan and becoming a new colonial power in the region.

"Thousands of Chinese are already in different areas of Balochistan, including Gwadar and Saindak to complete the CPEC and Saindak projects," he said.

"The Forbes journal has revealed Chinese military compound in Gwadar by affirming our position that, China is strengthening its military bases at an important strategic location like Gwadar under the shadow of economic projects. Several large military bases are being built. In future, the Chinese invasion of the entire Baloch coast will be the most significant concern for the Baloch national existence and identity after the occupation of Pakistan," he said.

Khalil Baloch said that the Baloch have suffered immensely from the resistance against the 'imperialist' CPEC project.

"Many villages have been destroyed and Pakistan army has done aerial bombardment on the route of the CPEC project. Thousands of families are forced to migrate and live in different areas. Many people have been killed and detained in torture cells. These brutalities are continued on a daily basis in Balochistan," he said in a statement.

Khalil Baloch said that the world powers should realise that the Chinese expansionist ambitions and military presence in Balochistan will not only affect the Baloch, rather, it will affect the countries of the region, including India, in particular, and across the world.

"Chinese imperialist ambitions are not limited to Balochistan, but the Belt and Road Initiative is a global project that has apparently divided the world. An important part of the Belt and Road Initiative consists of Gwadar port and CPEC. Balochistan will continue to resist all imperialist plans, including CPEC," he stated.

"Balochistan has paid a huge price by opposing these projects and we will not hesitate to defend our land in the future. But this war must be fought by the entire civilised world, including the countries of the region. We have made it clear multiple times that the Baloch are willing to unite with any power in line with their national interests against China's imperialist ambitions," added the Baloch leader.

He said, "We believe that further silence will bring destruction to the entire region, including Balochistan."

 
&nbsp;

Chairman of Baloch National Movement (BNM), Khalil Baloch, has said in a statement that the multi-billion dollar China-Pakistan Economic Corridor (CPEC) is part of China's global Belt and Road project under which Beijing is working in Balochistan to achieve its strategic goals.

Chairman of Baloch National Movement (BNM), Khalil Baloch, has said in a statement that the multi-billion dollar China-Pakistan Economic Corridor (CPEC) is part of China's global Belt and Road project under which Beijing is working in Balochistan to achieve its strategic goals. "CPEC project has been portrayed as an economic project by Pakistani parliamentary parties, including the National Party, who have secured financial incentives by supporting Pakistan and China. The National Party has fully supported the federal government of Pakistan in negotiating to sell Balochistan to China under Nawaz Sharif's government. Today, the time has proved that Pakistan has mortgaged most of Balochistan, including Gwadar to China in order to maintain its occupation and crush the Baloch independence movement." said Khalil Baloch. Also read| COVID-19: Pak minister warns 1.2 million cases by July end; total infected cases cross 142,000 He added, "This is an enigma of our national survival and the conspiracies are exposed to separate the Baloch coast from us in the coming years." Khalil Baloch said since the day the Baloch leadership has continuously notified the world that China is rapidly building a naval base on the Baloch coast and in the future, Jwani and Gwadar will be important bases of the Chinese navy. "Sadly, the world powers have either ignored the Baloch national voice or they have compromised with China for their short-term economic interests," he further said. Also Read| Imran Khan's relationship with Army on the rocks amid COVID-19 outbreak The CPEC project will have far-reaching political and military consequences for the region and its impact will be the same for all other countries in the region, including Balochistan. "Today, China is swiftly shifting the balance of power in the region. This is not only a catastrophic move for Balochistan but other countries in the region will not be spared of its effects. India will be directly affected by Chinese influence in the Indian Ocean and Chinese military presence near the Strait of Hormuz could lead to war in the region," said the Baloch nationalist leader. He said that China is gaining ground in Balochistan and becoming a new colonial power in the region. "Thousands of Chinese are already in different areas of Balochistan, including Gwadar and Saindak to complete the CPEC and Saindak projects," he said. "The Forbes journal has revealed Chinese military compound in Gwadar by affirming our position that, China is strengthening its military bases at an important strategic location like Gwadar under the shadow of economic projects. Several large military bases are being built. In future, the Chinese invasion of the entire Baloch coast will be the most significant concern for the Baloch national existence and identity after the occupation of Pakistan," he said. Khalil Baloch said that the Baloch have suffered immensely from the resistance against the 'imperialist' CPEC project. "Many villages have been destroyed and Pakistan army has done aerial bombardment on the route of the CPEC project. Thousands of families are forced to migrate and live in different areas. Many people have been killed and detained in torture cells. These brutalities are continued on a daily basis in Balochistan," he said in a statement. Khalil Baloch said that the world powers should realise that the Chinese expansionist ambitions and military presence in Balochistan will not only affect the Baloch, rather, it will affect the countries of the region, including India, in particular, and across the world. "Chinese imperialist ambitions are not limited to Balochistan, but the Belt and Road Initiative is a global project that has apparently divided the world. An important part of the Belt and Road Initiative consists of Gwadar port and CPEC. Balochistan will continue to resist all imperialist plans, including CPEC," he stated. "Balochistan has paid a huge price by opposing these projects and we will not hesitate to defend our land in the future. But this war must be fought by the entire civilised world, including the countries of the region. We have made it clear multiple times that the Baloch are willing to unite with any power in line with their national interests against China's imperialist ambitions," added the Baloch leader. He said, "We believe that further silence will bring destruction to the entire region, including Balochistan."

BNM chief slams China for its imperialist ambitions in Balochistan

Pakistan on Sunday made another effort to quell <a href="https://www.wionews.com/world/pak-china-cpec-project-will-hamstringing-pm-imran-khans-reform-agenda-us-263755">United States'&nbsp;concerns </a>over the China Pakistan Economic Corridor (CPEC), with Foreign Minister Shah Mahmood Qureshi reaffirming Islamabad's commitment to the multi-billion dollar Chinese project.

Speaking to reporters in Multan, the foreign minister said Islamabad had categorically rejected Washington's claims on CPEC and its impact on Pakistan's economy, The Express Tribune reported.

"We do not agree with the [American] assessment and we have conveyed as much. In fact, we have expedited CPEC projects and have initiated the second phase of its implementation," he said.

The minister asserted that China's share in Pakistan's overall debt burden was minimal and that the mega project would only have a positive impact.

"Pakistan's total debt burden is USD 74 billion of which CPEC is only $4.9bn. CPEC is a gamechanger for the entire region and there is no restriction for any country, including the US, to invest in the special economic zones being established under CPEC," said Qureshi.

In a series of tweets earlier in the day, Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan said CPEC was a top priority for Pakistan and would be a harbinger of economic development and prosperity for the entire region.

She said the economic zones established under CPEC would generate more job opportunities for Pakistanis and help address one of the country's most pressing challenges.

In her address at an event in Washington last week, US Acting Assistant Secretary for South and Central Asian Affairs, Alice Wells, had strongly criticised China's international development projects and lending practices under its Belt and Road Initiative (BRI).

Wells had deemed CPEC a form of financing ensuring guaranteed profits for Chinese state-owned enterprises, and pointed out that the multi-billion dollar project is certain to take a toll on Pakistan's economy at the time of the repayment of the debt and dividend in the coming years.

She had raised concerns over the lack of transparency in the project, saying that it could foster corruption and increase the project cost, thereby resulting in an even heavier debt burden for Pakistan. The CPEC is a multi-billion dollar development project, with a planned network of roads, railways and energy projects linking China's Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.&nbsp;

Pakistan on Sunday made another effort to quell United States' concerns over the China Pakistan Economic Corridor (CPEC), with Foreign Minister Shah Mahmood Qureshi reaffirming Islamabad's commitment to the multi-billion dollar Chinese project.

Pakistan on Sunday made another effort to quell United States' concerns over the China Pakistan Economic Corridor (CPEC), with Foreign Minister Shah Mahmood Qureshi reaffirming Islamabad's commitment to the multi-billion dollar Chinese project. Speaking to reporters in Multan, the foreign minister said Islamabad had categorically rejected Washington's claims on CPEC and its impact on Pakistan's economy, The Express Tribune reported. "We do not agree with the [American] assessment and we have conveyed as much. In fact, we have expedited CPEC projects and have initiated the second phase of its implementation," he said. The minister asserted that China's share in Pakistan's overall debt burden was minimal and that the mega project would only have a positive impact. "Pakistan's total debt burden is USD 74 billion of which CPEC is only $4.9bn. CPEC is a gamechanger for the entire region and there is no restriction for any country, including the US, to invest in the special economic zones being established under CPEC," said Qureshi. In a series of tweets earlier in the day, Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan said CPEC was a top priority for Pakistan and would be a harbinger of economic development and prosperity for the entire region. She said the economic zones established under CPEC would generate more job opportunities for Pakistanis and help address one of the country's most pressing challenges. In her address at an event in Washington last week, US Acting Assistant Secretary for South and Central Asian Affairs, Alice Wells, had strongly criticised China's international development projects and lending practices under its Belt and Road Initiative (BRI). Wells had deemed CPEC a form of financing ensuring guaranteed profits for Chinese state-owned enterprises, and pointed out that the multi-billion dollar project is certain to take a toll on Pakistan's economy at the time of the repayment of the debt and dividend in the coming years. She had raised concerns over the lack of transparency in the project, saying that it could foster corruption and increase the project cost, thereby resulting in an even heavier debt burden for Pakistan. The CPEC is a multi-billion dollar development project, with a planned network of roads, railways and energy projects linking China's Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.

Pakistan FM rejects US concerns over CPEC

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Chinese banks' reluctance towards CPEC hint towards their funding gap

Pakistan approves most expensive China-aided project to date

Imran Khan vows to finish CPEC corridor 'at any cost' amid rising domestic issues

BNM chief slams China for its imperialist ambitions in Balochistan

Pakistan FM rejects US concerns over CPEC