Wednesday, September 18, 2019
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Trouble For CPEC?

Is the China-Pakistan Economic Corridor (CPEC) in trouble? Pakistan People’s Party leader and senator Farhatullah Babar has claimed that Pakistan is being charged nearly 14 per cent interest by China on loans for building various CPEC projects. Now the Pakistani government has slashed the loan by $2 billion, the cost of the Karachi-Peshawar rail link. Word is the railway minister wants more cuts given the country’s already high levels of debt.