Pakistan Rejects Report Of Renegotiating Economic Corridor With China

Chinese Foreign Minister Wang Yi met Pak Prime Minister Imran Khan during his 3-day visit


Pakistan has rejected a media report that Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) and said that Islamabad remains committed to the successful implementation of the ‘economic corridor’ passing through Pakistan-occupied Kashmir.

The Financial Times report quoted Pakistan’s advisor on commerce, Abdul Razzak Dawood as saying that the multi-billion dollar economic corridor had put local companies at a disadvantage and that parts of the flagship project can be renegotiated or even frozen for a year.

The project which China and Pakistan call as ‘China-Pakistan Economic Corridor’ or ‘CPEC’, launched in 2015. It is a planned network of roads, railways and energy projects linking China’s resource-rich Xinjiang Uyghur Autonomous Region with Balochistan’s Gwadar Port on the Arabian Sea via Pakistan-occupied Kashmir (PoK). The project is a part of China’s Belt and Road Initiative.

Abdul Razzak Dawood’s reported interview came a day after Chinese Foreign Minister Wang Yi concluded his three-day official visit to Pakistan. During his visit, Mr Wang met Pakistan’s top leadership, including Imran Khan.

The Pakistan Foreign Office (FO) said that during the meetings, Pakistani leadership conveyed that the ‘CPEC’ project was a national priority for the government and “Pakistan remains committed to the successful implementation of CPEC.”

The spokesman said that there was complete consensus on the future trajectory of the project between Pakistan and China.

“The two sides agreed to work together towards implementation of the ongoing projects and agreed to expand CPEC to new areas of cooperation including socio-economic development; poverty alleviation, anti-corruption, agricultural cooperation and industrial development as per the needs and priorities of the government of Pakistan,” Pakistan’s Foreign Office said after the meeting.

The two sides had in-depth exchange of views on all issues of mutual interest. The visit provided an opportunity to the two sides to reaffirm their “all-weather strategic cooperative partnership”, it said.

Pakistan’s Ministry of Commerce and Textile in a statement said that the The Financial Times’ article is “based on a statement taken out of context.”

“The statement attributed to the Advisor to Prime Minister on Commerce and Textile (Dawood) have been taken out of context and distorted. Pakistan-China relations are impregnable and the government’s commitment to the CPEC is unwavering,” the ministry said.

The Chinese embassy, in a statement, said that it took notice of the report in The Financial Times. “Such ill-intentioned reports based on distorted and misquoted information only demonstrate that the report contributor has total ignorance and neglect of the CPEC or China-Pakistan traditional partnership,” it said.

“It is a firm consensus between China and Pakistan that CPEC is a mutually beneficial project and both the governments will carry it forward according to the needs of Pakistan and for the development of Pakistan,” it said further.

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