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Will Foil Every Conspiracy Hatched Against CPEC: Shehbaz

Islamabad (September 10, 2018): The chief of Pakistan Muslim League (PML-N) Shehbaz Sharif lamenting on PTI government said that the government stance over China Pakistan Economic Corridor (CPEC) was tantamount to an enemy, however, they would foil any conspiracy hatched against it.

Talking to media outside the parliamentary house he termed government stance like country’s enemy, apparently India, and it was shocking for nation and him.

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“We ensure Chinese officials PML-N stand with them and will not let anyone stop work on the CPEC as it is the game changer project in the region,” he said.

He mentioned that Pakistan will have numerous advantages from CPEC and freezing its work was unjust with the nation.Earlier, international economic magazine Financial Times claimed that Pakistan was considering to review the China-Pakistan Economic Corridor (CPEC) agreement with China,

Pakistan is mulling over a review of the China-Pakistan Economic Corridor (CPEC) agreement with China, international economic magazine Financial Times reported on Sunday, citing Islamabad’s unease with what it claims is unjust benefit being enjoyed by Beijing-origin companies.

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According to the FT’s claim, Chinese foreign minister Wang Yi, who was in Pakistan over the weekend, indicated his country’s willingness to have discussions pertaining to the CPEC again. In this regard, options to extend the loan repayment period, among other plans, are being pondered upon.

Renowned economist Abdul Razzaq Dawood, who is also the advisor to prime minister Imran Khan on commerce, textiles, industries production and investment, is of the view that for the time being, all CPEC-related projects must be halted for at least a year. Deals that are giving illegal benefits to the Chinese companies need to be revisited and made anew, he added, since Pakistani companies are at a disadvantage.“The previous government did a bad job negotiating with China on CPEC — they didn’t do their homework correctly and didn’t negotiate correctly so they gave away a lot,” Dawood noted, as per the FT.

“I think we should put everything on hold for a year so we can get our act together. Perhaps we can stretch CPEC out over another five years or so,” he added.However, Michael Kugelman, the deputy director of the Wilson Center’s Asia Program, commented that slowing down the CPEC would be a major change against the policies of the former prime minister Nawaz Sharif-led government.

“A decision to slow down the #CPEC process would be a major change from the previous government’s policy,” Kugelman, a specialist on South Asian countries’ relations with the US, tweeted.

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