Khyber News -Official Website

PM’s Adviser contradicts Financial Times’ report over CPEC review

ISLAMABAD: Prime Minister’s Adviser on on Commerce and Industry Abdul Razak Dawood on Monday contradicted a report published in international economic magazine Financial Times regarding the China Pakistan Economic Corridor (CPEC).
Speaking to a private news channel, the PM’s adviser maintained that there are some misconceptions regarding his interview with Financial Times and he will soon issue a clarification.
The magazine, while claiming that Pakistan is mulling over reviewing CPEC terms, quotes him as saying that the previous government did a bad job negotiating with China on CPEC and “gave away a lot”.
The report also says that several other officials and advisers to PM Imran Khan government suggested extending the terms of CPEC loans and spreading projects out over a longer time-frame.
On the contrary, a meeting between Minister for Planning, Development and Reforms Makhdoom Khusro Bakhtiar and his Chinese counterpart on Sunday concluded with the aim of making all efforts for the success CPEC.
During the meeting, both the sides expressed their agreement that CPEC- an icon of Built and Road Initiative (BRI), is an engine of rapid growth in Pakistan and manifestation of Pak-China relations that would further promote inclusivity. Both the countries agreed on introducing a mechanism to ensure third country participation in CPEC.
“CPEC is a reality which promises bright future of Pakistan, aimed at initiating a modern era of trade and economic growth. To achieve the new set targets, the government is dedicated to put all energies together to make progress at the earliest,” said Bakhtiar according to a statement issued after the meeting.