ISLAMABAD – Chinese Ambassador to Pakistan Yao Jing on Saturday rejectedUS Acting Assistant Secretary of State for South Asia Alice Wells’statement regarding China Pakistan Economic Corridor (CPEC).
Addressing the 5th CPEC Media Forum, the Chinese ambassador said Pak-Chinarelations are based on win-win cooperation and are mutually beneficial. Heexpressed astonishment over Alice Wells’ statement of higher tariff inpower plants, established under CPEC.
He questioned that when in 2013, the Chinese companies were establishingpower plants in Pakistan, where was the US? Why it did not invest inPakistan’s power sector despite knowing that Pakistan was in dire need ofelectricity.
Yao Jing said China has always come forward to assist Pakistan in needwithout any political or government differences. “If Pakistan is in need,China would never ask it to repay its loans in time, while on the otherhand the International Monetary Fund, that is mainly governed by the West,is strict in its repayment system,” he added.
On Thursday, criticising the China-Pakistan Economic Corridor (CPEC), AliceWells said it is not an aid to Pakistan. She alleged that the multi-billiondollar project is certain to take a toll on Pakistan’s economy at the timeof the repayment of the debt and dividend in the coming years.US-Pakistan trade ties on track to set new record
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The US says its trade ties with Pakistan are set to witness a new recordthis year. This was stated by White House Deputy Press Secretary Judd Deerein a statement following telephonic conversation between President DonaldTrump and Prime Minister Imran Khan on Thursday evening.
He said the two leaders in their conversation reaffirmed commitment for astronger relationship. The White House Deputy Press Secretarylinksaidthey also reaffirmed their commitment to strengthening the US-Pakistantrade relationship, investment and people-to-people ties between the twocountries.
