Economic Times: A flurry of infrastructure cheques from China put Pakistan back in the Belt and Road game
Fri July, 2020, Age: 4 years
On June 25 and July 6, China and Pakistan signed two infrastructure deals worth over $11 billion, in a rebuke to observers who have said the Belt and Road Initiative and China-Pakistan Economic Corridor (CPEC)-related projects appear to be slowing. While the new investments were pushed by the new chairman overseeing CPEC in Pakistan, analysts have pointed to this new deal only adding to what might be a serious debt sustainability problem in Islamabad. As this article points out, Center for Global Development has listed Pakistan among eight nations that face potential debt-sustainability problems because of the Belt and Road Initiative.