China, Pakistan and the Kohala Hydropower Company, a subsidiary of China Three Gorges Corporation, have signed a $2.4 billion deal for the construction of a 1,124-megawatt hydropower plant in disputed Kashmir, Nikkei reports.
Eight people were killed Monday when members of the Baloch Liberation Army (BLA), which is openly opposed to China's Belt and Road Initiative (BRI), attacked the Pakistan Stock Exchange following the recent acquisition of a 40 percent stake in the Exchange by Chinese investors, Nikkei reports.
Pakistan has reduced its annual allocation to the China-Pakistan Economic Corridor (CPEC) from $241 million last year to $159 million in the budget running to June 2021, Nikkei reports.
Pakistan has entered a joint contract venture with China to build a dam in Kashmir, increasing the country's financial ties to China and igniting new tensions with India, Nikkei reports.
Pakistan has outlawed a political party critical of the China-Pakistan Economic Corridor (CPEC), a flagship project of China's Belt and Road Initiative, signaling the country's strong ties to Beijing, Nikkei reports.
Despite the pandemic, construction along the China-Pakistan Economic Corridor (CPEC) has been ordered to resume, Nikkei reports.
The economic costs of the Covid-19 outbreak may limit the influence of China's Belt and Road Initiative (BRI), as the virus halts the flow of workers and materials for BRI projects outside of China, Nikkei reports.
The China-Pakistan Economic Corridor (CPEC), a flagship of China’s Belt and Road Initiative (BRI) that was officially launched in April 2015, promised transformational gains. The CSIS Reconnecting Asia Project collected open-source data to analyze the initiative's progress five years later.
Pakistan and China recently signed new memorandums of understanding (MoUs) under the China-Pakistan Economic Corridor (CPEC) during President Arif Alvi's visit to China, but experts doubt China's willingness to substantially increase economic assistance to Pakistan, including to combat the coronavirus outbreak, Nikkei reports.
The Gwadar Smart Port City Masterplan, part of the China-Pakistan Economic Corridor, has attracted criticism due to lack of transparency and aims that some experts call unrealistic. The plan estimates over 2000 percent population growth by 2050 and will require more than $648 million for basic infrastructure alone, Nikkei reports.
Fears of the new coronavirus spreading to Pakistan have delayed projects along the China-Pakistan Economic Corridor in Lahore and South Punjab, including work on the Orange Line Metro Train, Nikkei reports.
China’s growing military ambition in South Asia is matched in financial terms by its Belt and Road Initiative, including the China-Pakistan Economic Corridor. What remains unclear is how the U.S. should navigate the new dynamic. This report addresses the question of how the India-Pakistan rivalry will play into the emerging great power competition.
Afghanistan recently began shipping goods through Pakistan's Gwadar Port, part of the China-Pakistan Economic Corridor, in a development experts believe may increase Kabul's participation in China's Belt and Road Initiative, Nikkei reports.
In the wake of rising regional tensions due to conflict with Iran, Pakistan is working to maintain stability and advance progress on the China-Pakistan Economic Corridor, Nikkei reports.
Pakistan’s Minister for Economic Affairs says that phase two of the China Pakistan Economic Corridor, which began January 1, will address the trade deficit caused by phase one with an expanded free trade agreement and an increased focus on industrialization and socio-economic development, Nikkei reports.
The China-Pakistan Economic Corridor is of significant concern to India, which views the corridor as a violation of its sovereignty, according to India’s Minister of External Affairs Subrahmanyam Jaishankar. However, in an interview with Nikkei, Jaishankar did not criticize the broader Belt and Road Initiative, stating that each country has the right to its own policies.
In in effort to make the costly China-Pakistan Economic Corridor profitable, Islamabad is encouraging nearby countries like Iran and Saudi Arabia to participate in the initiative alongside China, Nikkei reports.
Starting today in Beijing, China will begin brokering peace talks among rival Afghan factions in hopes of increasing stability in the region and furthering the reach of its Belt and Road Initiative in Central Asia, Nikkei reports.