Pakistan Also Responds To USA Criticism On CPEC

China answered the US diplomat Alice Wells very insistently on their criticism on CPEC. Pakistan has recently revealed that CPEC is a multi-billion dollar project which is a high-priority for Pakistan.

CPEC was the center of attention for Alice Wells, US chief diplomat for South Asia Ambassador who said that this project will damage the economy of Pakistan. The Chinese embassy replied very harshly and Pakistan has also joined China in replying back to the US.

Also Read: China Does Not Approve The Backlash Of America On CPEC

Aisha Farouqi, a foreign office spokesperson at a weekly briefing rejected the US idea of labeling CPEC was a debt trap. She said that the total debt of CPEC was $4.9 billion which was smaller than the total debt of the country.  

“CPEC is a long-term project negotiated through a multi-layered process. It has helped Pakistan address development gaps in energy, infrastructure, industrialization, and job creation,” she added.

She clearly said that it was a step to gain ” enormous economic benefits for the people of Pakistan and social-economic development”. She also said that this project was a top priority project and thus transparency of the project is being maintained through CPEC authority managing the project.

CPEX has created 10,00 new jobs in Pakistan.  She further said, ” There are a number of projects financed through Chinese grants and concessional loans. To claim that CPEC is always in the form of loans or other forms of financing, often non-concessional with sovereign guarantees is not based on facts. The total CPEC debt is about $4.9 billion which is not even 10% of our total debt.”

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