
The China-Pakistan Economic Corridor (CPEC) has rescued Pakistan in many respects – such as in the energy and trade sectors. Projections state that Pakistan’s GDP could grow as much as 10 per cent owing to CPEC. Traders eagerly await that growth. It is lucky that as we take out more loans, certain parts of the CPEC project will not need to be repaid as returned loans.
Caution is to be heeded, however, while the Chinese vice president and Islamabad talk of future plans. Security issues have increased as of the past year or so with attacks on Chinese employees as well as attacks targeting others in sensitive areas. While the top leadership discusses further economic partnerships and projects, law enforcement needs to consider beefing up security. Security seemed to be controlled at the start of the projects, but has faltered in recent times.
Among the renewed vows, the Chinese vice president stated that Pakistan and China should collaboratively work for humanity. However, while on the one hand we appreciate Chinese interest in Pakistan, one cannot overlook the hardships faced by minorities in China. Both nations have certain aspects of humanity to work on, apart from economic improvement to facilitate the people. Separately, the diaspora of Chinese citizens to Pakistan is a positive direction. Indeed, our relationship with the world’s second-largest economy needs to be nurtured, but with full commitment from both sides.
Published in The Express Tribune, May 28th, 2019.
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