CPEC body seeks recovery of Gwadar land shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
China did not fund any infrastructure projects of CPEC, says Pakistan
The 3,000-km-long CPEC connects China’s Xinjiang province with Pakistan’s Gwadar port, providing access to China to the Arabian Sea. Photo: AFPPremium
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In 2015, China announced an economic project in Pakistan worth USD 46 billion.
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Beijing has not funded any infrastructure project under the China-Pakistan Economic Corridor (CPEC) initiative, said the Senate Special Committee on CPEC projects.
According to a report by The Express Tribune, during the committee meeting Senator Sikandar Mandhro, chief of transport planning at the Pakistan Planning Ministry, said because of the absence of the CPEC funding, some projects, including the Khuzdar-Basima project, were being carried out from the federal development funds.
China did not fund any infrastructure projects of CPEC: Pak shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
Islamabad's Senate Special Committee CPEC projects was informed that Beijing had not funded any infrastructure project under the flagship initiative since 2017
China appears to be backing away from its initial financial promises to Pakistan under Beijing-financed China-Pakistan Economic Corridor (CPEC), a US$60 billion infrastructure building plan, amid rising corruption and militant attacks on Chinese engineers.