Tag: debt trap

Pakistan struggles with China, CPEC
Opinion

Pakistan struggles with China, CPEC

Since 2018, Pakistan has been well aware that the China-Pakistan Economic Corridor (CPEC) is going to wreck its finances and societal structures. And now, even after two years, the Imran Khan led government is saying all is well. Two years back, a 15-year master plan of CPEC revealed that Pakistan will be fully subjugated by China under the current terms and conditions of the project.The plan spells out in detail what Chinese intentions and priorities are in Pakistan for the next 15 years. It may be recalled that China has decided to invest $62 billion for the CPEC project.  Under the plan, thousands of acres of agricultural land will be leased out to Chinese enterprises in Pakistan to set up “demonstration projects” in areas ranging from seed varieties to irrigation technology. A system o