CPEC is Debt Reliever Not a Debt Trap For Pakistan – Research Snipers

CPEC is Debt Reliever Not a Debt Trap For Pakistan

Chinese Deputy Chief of Mission (DCM) in Chinese Embassy Mr. Lijian Zhao said in a statement that CPEC is debt reliever for Pakistan and not a debt trap.

Lijian today morning has tweeted about his views on CPEC, he said in a tweet, “CPEC is debt reliever, not debt trap for Pakistan. Thanks to CPEC, China has been the largest investor in Pakistan for the last 5 years. CPEC has attracted more Chinese investment, transformed Pakistan from an investment-friendly destination.”

Mr. Zhao also mentioned journalist Yasir Mehmood in his tweet, who has been ranting about India’s narrative on CPEC, according to Mehmood, it is India’s and America’s narrative which has been propagated in Pakistan. He argues that India has been playing a key role in attaching the terms like “Debt Trap” and “Colonization” with CPEC.

An example of India’s key role in hurting CPEC is that yesterday the Times of India has reported that IMF visit to Pakistan has been delayed because IMF demands transparency in CPEC, it also requires assurance that money from IMF package will not be used to repay loans to China. However, there were no such details reported neither by Pakistan or International media except Dawn which reported that IMF the same narrative as India’s.