HomePakistan discovers the high cost of Chinese investment in CPECtbdPakistan discovers the high cost of Chinese investment in CPEC

Pakistan discovers the high cost of Chinese investment in CPEC

For Pakistani citizens, who are always told how China is their most reliable friend in the world, it was a shock to discover that Beijing does business mercilessly and unscrupulously, Pakistan’s former ambassador to the United States said.

Husain Haqqani, who is also a director for South and Central Asia at the Hudson Institute, wrote in The Diplomat that Pakistan’s desire to maintain strategic relations with China has resulted in the construction of USD 62 billion worth of China-Pakistan Economic Corridor (CPEC), which includes a set of infrastructure projects, being mired in insufficient transparency. Although the Profit Pakistan Today (PPT), which broke the news, did not mention the CPEC anywhere, Pakistan’s former Ambassador Hussain Haqqani in an article in a US-based portal revealed that the scam was related to the Chinese businessmen contracted for the CPEC power projects.

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