CHINA-PAKISTAN: WORK ON CHINA PAKISTAN ECONOMIC CORRIDOR (CPEC) TO PROGRESS AT MODEST PACE DUE TO PAKISTAN'S FINANCIAL PROBLEMS
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The South China Morning Post (May 18) disclosed that since 2015 Beijing financed more than
US$25 billion worth of power generation plants, mass transit systems and motorways in
Pakistan, and expanded Gwadar port. Quoting analysts, it said work on China’s US$65 billion
belt and road programme in Pakistan looks set to progress at only a modest pace in coming
years because Islamabad is struggling to stay solvent. Separately, on May 16 Chinese Premier
Li Keqiang expressed his shock and outrage at the Karachi attack during a phone call with
Pakistani Prime Minister Shahbaz Sharif on May 16, following urges from Beijing for Pakistani
authorities to find the perpetrators and bring them to justice.
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