While Beijing has started holding back funds from Pakistan that were earlier being poured liberally into the China-Pakistan Economic Corridor project due to the large-scale corruption that has been going on, cash-starved Pakistan is now trying to play the US and India cards to keep the money flowing.
The CPEC) Authority czar Khalid Mansoor on Saturday “accused the United States of conniving in cahoots with India against the economic lifeline of Pakistan,” the country’s Dawn newspaper reported.
He was trying to drive home the point that the US and India were trying to stall the project in order to check China’s influence in the region.
Addressing the CPEC Summit at the Institute of Business Administration (IBA), the special assistant to the prime minister (SAPM) on CPEC affairs “From the point of view of the emerging geo-strategic situation, one thing is clear: the United States supported by India is inimical to CPEC. It will not let it succeed. That’s where we have to take a position,” the Pakistani English daily cited Mansoor as saying.
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The thrust of his speech was that Pakistan stood solidly behind China in the current geopolitical situation.
“There’s no way Pakistan will forgo any of its benefits. It has more than once burnt its fingers in (the Western) alliance in the past,” he said, adding that their attempts to dilute China’s strategic influence in the region will fail.
Islamabad is the seventh largest recipient of Chinese overseas development financing with 71 projects worth $27.3 billion currently under way as part of CPEC. Many Western think tanks and commentators have termed CPEC an economic trap that has already resulted in a mountain of public debt which has also given the Chinese a strong control over the domestic economy.
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The premier’s aide said the United States and India continue to “make attempts to manoeuvre Pakistan out of” China’s Belt and Road Initiative (BRI) — a global infrastructure development plan — under which the Chinese government has been investing heavily in about 70 countries.
He said the Western powers view CPEC as a symbol of China’s political ambition. “That’s the reason CPEC is seen suspiciously by both the United States and Europe… they view CEPC more as a move by China to expand its political, strategic and business influence,” said Mr Mansoor, noting that China has been able to manage that apprehension “to a great extent”.
The United States is now “taking stock of the economic and political consequences” of withdrawing from the region, he said.
“I had a very, very detailed discussion with the American embassy people. I told them CPEC is available for them as well. They have also expressed their wish that they would like to develop some kind of involvement and see how it can be beneficial for both countries,” he noted.
The SAPM said Islamabad is seeking the expansion of CPEC to Afghanistan and has discussed the possibility of Taliban-led Afghanistan joining the multibillion-dollar economic corridor.
He repeatedly referred to fake news and “negative propaganda” about the viability of CPEC and the pace of its progress. “In terms of its scope, Phase II of CPEC is going to be an order of magnitude bigger than Phase I,” the Dawn report said.
