Opposition to the Chinese ‘One Belt One Road’ on the rise

Opposition to the Chinese ‘One Belt One Road’ on the rise

Washington/Beijing: While a conference with the African nations has been scheduled to start in the Chinese capital, the opposition to the ambitious project, One Belt One Road (OBOR), planned by President Xi Jinping, is once again on the edge. The international media and study groups have aggressively highlighted the opposition to the OBOR and the […]

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CPEC project stalled due to financial crisis, claims a Pakistani daily

CPEC project stalled due to financial crisis, claims a Pakistani daily

Islamabad/Beijing: The China-Pakistan Economic Corridor (CPEC) project, that serves as a symbol of the China-Pakistan ties has run into financial trouble, claimed a leading Pakistani daily. The daily reports that many projects under this scheme have been stalled because of the financial crisis. The expose of CPEC landing into trouble just before the general elections […]

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Rising discontent in Pakistan against CPEC, reports International Crisis Group

Rising discontent in Pakistan against CPEC, reports International Crisis Group

New Delhi: Pakistan, which is rapidly moving towards bankruptcy, is looking at the China Pakistan Economic Corridor (CPEC), with great hope. But there is a rising discontent about this ambitious Chinese project in Pakistan worth $62 billion, claimed the International Crisis Group (ICG). This huge Chinese investment can fuel a fresh conflict in Pakistan, said […]

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“No support to ‘BRI’ which challenges India’s sovereignty” – strong Indian stance at ‘SCO’ meet by PM Modi

“No support to ‘BRI’ which challenges India’s sovereignty” – strong Indian stance at ‘SCO’ meet by PM Modi

Qingdao: The Indian Prime Minister warned, ‘No project should challenge the sovereignty and integrity of any country,’ and took a strong stance against the ‘Belt and Road Initiative’ (BRI) programme. The China-Pakistan Economic Corridor (CPEC) which is a part of the BRI programme passes through the Pakistan occupied Kashmir, which India has claimed to be […]

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In an indirect attack on Pakistan at the SCO Summit, EAM Sushma Swaraj says action should be taken against countries supporting terrorism

In an indirect attack on Pakistan at the SCO Summit, EAM Sushma Swaraj says action should be taken against countries supporting terrorism

Beijing: Indian Foreign Minister Sushma Swaraj targeted Pakistan at the ‘Shanghai Cooperation Organisation’ (SCO) meeting strongly saying, ‘We cannot restrict the war against terrorism only to eliminate terrorists. The war against terrorism needs to include harsh actions against the countries backing and providing financial assistance to them.’ Foreign Minister Swaraj targeted Pakistan, without naming it, […]

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Pakistan economy heading towards bankruptcy: International Monitory Fund

Pakistan economy heading towards bankruptcy: International Monitory Fund

Washington/Islamabad: Pakistan who already has a tarnished image because of an unstable government, policy to aid the terrorists, increased violence and human rights violation seems to be in for another jolt. The International Monitory Fund (IMF) has expressed concerns over the Pakistani economy and given indications that the economy is heading towards bankruptcy. It has […]

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China ready for discussions with India, claims Chinese foreign ministry

China ready for discussions with India, claims Chinese foreign ministry

Beijing: The Chinese foreign ministry has made a very considerate statement “India and China should resolve the border dispute through peaceful negotiations. China is willing to discuss the objections that India has about the ‘China Pakistan Economic Corridor’”. This is a remarkable deviation from the Chinese stance of teaching India a lesson. The former Foreign […]

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China should not try to change the ‘Doklam’ situation, warns Indian Envoy

China should not try to change the ‘Doklam’ situation, warns Indian Envoy

Beijing: The Indian envoy to China Gautam Bambawale, has issued a stern warning to China, ‘Do not try to change the situation in Doklam’. He also rebuked China about the China-Pakistan economic corridor (CPEC). He warned ‘The CPEC passes through the Indian territory and this is connected with the integrity of India. China should consider […]

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Pakistan introduces use of “Yuan” in its trade transactions

Pakistan introduces use of “Yuan” in its trade transactions

Islamabad: Pakistan has initiated the use of the Chinese currency “Yuan” in its international trade transactions. This was officially announced by the Pakistani central bank “State Bank of Pakistan” and has allowed Pakistani companies and businessmen to use Yuan in their transactions. This decision of Pakistan is considered to be a retaliation to the warning […]

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