Monday May 23, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

China rejects US reservations on CPEC, says Pak-China ties based on win-win cooperation

by Web Desk November 23, 2019

AA

 China rejects US reservations on CPEC, says Pak-China ties based on win-win cooperation

ISLAMABAD: Chinese Ambassador to Pakistan Yao Jing, while rejecting US Acting Assistant Secretary of State for South Asia Alice Wells’ statement about the China-Pakistan Economic Corridor (CPEC), has said Pak-China relations were based on win-win cooperation and were mutually beneficial.

Addressing the ‘5th CPEC Media Forum (2nd Phase)’ in Islamabad, he expressed astonishment over Alice Wells’ statement of higher tariff in power plants, established under the CPEC.

The ambassador asked that when in 2013, the Chinese companies were establishing power plants in Pakistan, where was the US? Why it did not invest in Pakistan’s power sector despite knowing that Pakistan was in dire need of electricity.

He said China had always come forward to assist Pakistan in need without any political or government differences.

Yao Jing said if Pakistan was in need, China would never ask it to repay its loans in time, while on the other hand the International Monetary Fund (IMF), that is mainly governed by the West, was strict in its repayment system.

He wondered why the US had suspended its aid promised for Pakistan only because of political priorities.

Also Read: Pakistan, China to expedite work on western route of CPEC

Acting Assistant Secretary for the Bureau of South and Central Asian Affairs Alice Wells has claimed that the CPEC, China’s signature project in Pakistan, would put more debt burden on Pakistan, advance embezzlement and create employment and jobs for the Chinese people rather than local populace.

Alice Wells has warned that the multi-billion-dollar project would take a toll on Pakistan’s economy at the time of returning the debt. She said the project was not an aid to the country, rather a form of investment that would yield profit for the companies of the communist state.

Dawn newspaper has reported her as claiming that that when the project of upgradation of railway track from Karachi to Peshawar was announced its price was 8.2 billion dollar, which has now risen to 9 billion dollar.

With respect to the US’ allegation of corruption in the CPEC projects, Yao Jing said it was easy to allege anyone without having evidences.

He said that he himself had discussed this matter with a number of concerned stakeholders including National Accountability Bureau (NAB), but did not find even a single evidence of corruption in any CPEC project.

“My dear American colleague, before alleging anyone, please be careful that you have enough evidences about certain allegations,” he added.

With regard to the Main Line (ML-1) railway project that is to be executed under CPEC, the Chinese envoy clarified that the project cost is around $9 billion, however it is only estimation and it is not final cost.

“The real cost of the project will be finalized in the second stage of determining financial package of the project,” he said.

He also reacted over the US’ blame of providing less employment opportunities to Pakistani workers in the CPEC projects, saying that so far over 75,000 Pakistani workers had been given job opportunities in the projects and that by 2030, around 2.3 million jobs were expected to be created in CPEC projects.

“I would be more happy to see more investment coming from the United States in Pakistan.”

Yao Jing siad China was determined to build capacities of Pakistani businessmen and industrialists to boost productivity in the country which would ultimately help in increasing the exports of Pakistan.

Under CPEC, he said China would provide industrial cooperation to Pakistan and for this purpose over two dozens leading Chinese and Pakistani manufacturers, and industrialists were engaged to boost production and exports of Pakistan.

Post Views: 73

Share This:

Tags: Chinese CPEC Pak-China ties US win-win cooperation
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
Sports

Shadab, Nawaz back in Pakistan squad for

May 23, 2022
World

95-year-old man ties the knot for first

May 23, 2022
Features

Getting away with murder in Pakistan

May 23, 2022
World

Afghan women TV presenters vow to fight

May 23, 2022
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
Related Stories for you

Pakistan to play its role in food crisis, climate change, says Bilawal

May 19, 2022

Foreign Minister Bilawal Bhutto-Zardari, while addressing the Global Food Security Call to Action Conference in New York, said that Pakistan

FM Bilawal arrives in NY to attend meeting on ‘Global Food Security’

May 18, 2022

Foreign Minister Bilawal Bhutto Zardari has arrived in New York for a short visit to participate in a Ministerial meeting

FM Bilawal expected to meet US counterpart this week

May 16, 2022

Foreign Minister Bilawal Bhutto Zardari will attend a two-day conference on “Global Food Security” at the UN headquarters in New

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.