The International Crisis Group has reported widespread discontent with the China-Pakistan Economic Corridor (CPEC) among the local people over issues like inadequate employment and the overbearing presence of the military in civilian life along the 2,700km corridor.
Pakistan, owing to its geographical location is in an ideal position to serve as a corridor to Central, South, East and West Asia.
Pakistan is to immediately address the timely payment of electricity charges in power projects under $50 billion China-Pakistan Economic Corridor (CPEC). The decision was taken in the recently held 7th joint cooperation committee (JCC) meeting, the Dawn reported.
China’s decision to temporarily halt the supply of funds with respect to the construction of three roads, part of the China-Pakistan Economic Corridor (CPEC) project, is more than what meets the eye, says a report by the Amsterdam-based think-tank and policy research institution
China has decided to temporarily stop funding at least three major road projects in Pakistan, being built as part of the USD 50 billion China-Pakistan Economic Corridor, following reports of corruption, a decision that has left officials in Islamabad “stunned”, a media report said.
The China-Pakistan Economic Corridor (CPEC) has been attracting a lot of attention lately and for all the wrong reasons. Pakistan has reportedly rejected China’s offer of assistance for the $14 billion Diamer-Bhasha Dam, asking Beijing to take the project out of the $60 billion CPEC so that Pakistan can build the dam on its own.
Pakistan To Receive Just 9 Per Cent Of Gwadar Port Income, Senators Raise Concerns Over CPEC Agreement
Contrary to the high claims that the Pakistan government made on the generation of revenue from the Gwadar port, the port which is a part of the China-Pakistan Economic Corridor (CPEC) will fetch the country, a very small proportion of the total generated revenue.
Remote and impoverished, Pakistan’s Gwadar port at first glance seems an unlikely crown jewel in a multi-billion-dollar development project with China aimed at constructing a 21st century Silk Road.
The China-Pakistan Friendship Highway runs over 1,300 kilometres (800 miles) from the far western Chinese city of Kashgar through the world’s highest mountain pass and across the border.
The over USD 50 billion China-Pakistan Economic Corridor (CPEC) project appears is a master plan for deep Chinese penetration into Pakistan`s economy, many businessmen in Pakistan have told the Hong Kong-based Asia Times.