China reluctant to clear $6 billion loan for CPEC project
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China reluctant to clear $6 billion loan for CPEC project
ANI / May 9, 2021, 15:09 IST
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ISLAMABAD: China has shown reluctance to clear a $6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.
The cost of the Mainline-I (ML-I) railway project was initially $9 billion but later it was reduced gradually to $6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan s ability to service its debt. Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project, the Pakistan government officials said as per the report.
Fresh Vigor in Pak-KSA Unbreakable Relations dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: Vice Chancellor of the Islamia University of Bahawalpur Athar Mehboob visited demonstration of maize-soybean strip intercropping technology at Khairpur Tamewali, Bahawalpur.According to.
Pepe Escobar
The New Great Game 3.0 is just beginning with a hat tip to Tacitus and dancing to the Hindu Kush groove
One cannot but feel mildly amused at the theatrical spectacle of the US troop pullout from Afghanistan, its completion day now postponed for maximum PR impact to 9/11, 2021.
Nearly two decades and a staggering US$2 trillion after this Forever War was launched by a now immensely indebted empire, the debacle can certainly be interpreted as a warped version of Mission Accomplished.
“They make a desert and call it peace,” said Tacitus – but in all of the vastness of the Pentagon there sits not a single flack who could imagine getting away with baldfacedly spinning the Afghan wasteland as peaceful.
By Shafqat Ali
ISLAMABAD, May 9 (Gwadar Pro)- Gilgit-Baltistan will be turned into a modern tourist spot, under China-Pakistan Economic Corridor (CPEC) and with the help of Pakistan’s federal government, Federal Minister for Planning and Development Asad Umar said on Saturday afternoon.
In a meeting with Chief Minister Gilgit Muhammad Khalid Khursheed who called on him here, Umar said the federal government was planning to introduce new tourist points in Gilgit Baltistan to promote tourism.
He said CPEC is changing the fate of the region and many projects under the multi-billion-dollar plan will be completed soon. He said the federal government was also supporting the development of Gilgit-Baltistan.