In a meeting with journalists in Islamabad, FO Spokesperson Mohammad Faisal shot down allegations by a US media report that claimed the project had military dimensions to it.
CPEC to be made gateway for progress, prosperity and connectivity: FM
The FO spokesperson added that CPEC has helped Pakistan improve its economy, especially in the energy and infrastructure sectors.
CPEC – a pilot project of Belt and Road Initiative – had been launched four years ago with an initial size of the $46 billion. Over a period, the size grew to $50 billion, although the actual projects that have reached construction stage are $19 billion, according to Chinese estimates.
Pakistan to pay China $40b on $26.5b CPEC investments in 20 years
The B&R Initiative has made headlines across South Asia, where leaders ponder the future of regional economic integration in a bid to pursue the maximisation of their local interests. Some countries in the region have thus witnessed frequent high-level bilateral exchanges.
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