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Attacks On Chinese Workers In Pakistan Raise Regional Security Questions For Beijing

Attacks On Chinese Workers In Pakistan Raise Regional Security Questions For Beijing July 30, 2021 Share share Print An attack by gunmen on two Chinese workers in Pakistan on July 28 is the latest in a string of incidents that has left Beijing reevaluating how best to protect its citizens and interests in the country, which has become strategically important as the centerpiece of its multibillion-dollar Belt and Road Initiative (BRI). The most recent incident happened in the port city of Karachi, where gunmen on a motorbike opened fire on a car carrying the Chinese men, which sent them to the hospital with serious bullet wounds, RFE/RL s Radio Mashaal reported.

Pakistan, China negotiating financing accord of ML-1

July 28, 2021 ISLAMABAD: Pakistan has formally asked China for providing loans for construction of the much-awaited Mainline-1 (ML-1) of rail line from Karachi to Peshawar in USD instead of Chinese RMB currency or a combination of both currencies could be acceptable for moving forward. Top official sources confirmed to The News here on Tuesday that Pakistani authorities have communicated five major points to Beijing officially for evolving consensus on financing agreement for the construction of multi-billion dollar strategically important ML-1 project under China Pakistan Economic Corridor (CPEC). The Joint Coordination Committee (JCC) was postponed recently between the two sides and it was not yet known when the JCC was going to be rescheduled. However, Pakistan officially conveyed its response to Chinese for finalizing the financing agreement on the ML-1 project. The Chinese side want to provide a loan for ML-1 in RMB currency but Islamabad conveyed that Pakistan prefers the lo

Sino-Pakistan talks on financing ML-1

July 28, 2021 ISLAMABAD: Pakistan has formally asked China for providing loans for construction of the much-awaited Mainline-1 (ML-1) of rail line from Karachi to Peshawar in USD instead of Chinese RMB currency or a combination of both currencies could be acceptable for moving forward. Top official sources confirmed to The News here on Tuesday that Pakistani authorities have communicated five major points to Beijing officially for evolving consensus on financing agreement for the construction of multi-billion dollar strategically important ML-1 project under China Pakistan Economic Corridor (CPEC). The Joint Coordination Committee (JCC) was postponed recently between the two sides and it was not yet known when the JCC was going to be rescheduled. However, Pakistan officially conveyed its response to Chinese for finalizing the financing agreement on the ML-1 project. The Chinese side want to provide a loan for ML-1 in RMB currency but Islamabad conveyed that Pakistan prefers the lo

Repairing Another Crack in the CPEC

Daily Times July 27, 2021 Foreign Minister Shah Mahmood Qureshi and the ISI chief Lt General Faiz Hamid have had their “strategic meetings” with Chinese counterparts on a variety of issues. They have assured China of addressing their key concerns over the China-Pakistan Economic Corridor (CPEC) projects in the context of the July 14 Dasu incident in which nine Chinese workers had died. Water and Power Development Authority (WAPDA) Chairman, Lt Gen (retd) Muzammil Hussain also called on Chinese Ambassador Nong Rong on Friday and discussed the matters relating to the resumption of construction at Dasu dam. So, we can see all efforts are on for repairing another crack in the CPEC and Sino-Pak relations.

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