The use of yuan was not against the interest of Pakistan and would rather "benefit" the country, Minister for Planning and Development Ahsan Iqbal said.
Even as the official statement suggests that China suspended funding pending 'new guidelines', a Pakistani official told local media that the step was possibly taken in light of increasing news reports being published in Pakistan regarding corruption
The CPEC will deepen China's already formidable presence in the South Asian nation, and "aggravate" tension between India and Pakistan, a US think-tank said today.
The meeting of senior officials from Pakistan and China decided to formally move ahead despite hurdles and finance at least three special economic zones and some important rail, electricity and road projects.
China on Monday dismissed a top Pakistani Army General's allegation that India has established a special intelligence cell at a cost of USD 500 million to sabotage the CPEC.
While some Pakistanis have drawn connections to the ambitious CPEC project, others saw it as a sign of a potential Chinese invasion.
The proposal is for the leaders of the four nations to promote free trade and defence cooperation across the land and sea to Southeast, South and Central Asia, and beyond to the Middle East and Africa.
The BRI, which includes China-Pakistan Economic Corridor (CPEC), has been included in the Constitution of the ruling Communist Party of China in the just concluded once-in-a- five-year Congress.
Identifying terrorism as a major challenge facing the region, Ghani, in a clear reference to Pakistan, said unfettered support is being provided to the terror groups which are destabilising the entire region.
Speaking to the media, Iqbal said the CPEC was the result of unprecedented friendship between China and Pakistan
The Congress MP also alleged that the External Affairs Minister stands up to criticise him without taking notes.
Global Times today said Nawaz Sharif's resignation as Pakistan Prime Minister may bring "some uncertainties" to the CPEC.
Pakistan's top military officer today accused India of targeting the USD 50 billion China-Pakistan Economic Corridor (CPEC) project through "subversive activities".
"It is astonishing how little is known about the details (of the project) outside of a small coterie of individuals," the Dawn said in an editorial.
China is planning to launch a road and rail freight service to Pakistan through the multi-billion dollar CPEC.
The construction of the $50 billion China-Pakistan Economic Corridor+ has been affected in the short run due to India's objections, a report in the state-run Chinese media said.
The development comes close on the heels of the abduction and murder of two Chinese nationals in Balochistan, who Islamabad said were preaching Christianity in violation of their business visas
China has included the controversial EPEC in its second scientific expedition to Qinghai-Tibet plateau.
A Chinese newspaper on Tuesday took exception to a Pakistani scholar's remarks that Pakistan will become a "colony of China" once the China-Pakistan Economic Corridor is operationalised
The claim was made by ISIS-linked Amaq news agency and reported by SITE Intelligence Group, which monitors Jihadist communications.
Top News
Latest News
