Pakistan fears China-Pakistan Economic Corridor will benefit India
A group of Pakistani senators has expressed their concern that the China-Pakistan economic corridor would turn into another East India Company if the country’s interests aren’t actively protected, the Dawn reported.
The lawmakers have expressed their concern that Beijing could eventually use the $46 billion CPEC to boost its trade with India. The 2442km corridor stretches from the Chinese border to Pakistan’s Gwadar port on the Arabian Sea.
Some members of Pakistan National Assembly said that China was spending in the CPEC project to explore new vistas of trade with different countries from India to Central Asian states as well as Europe.
“With improved rail and road links with India… China would expand its trade not only with Central Asian states and European countries but also with India to economically strengthen its eight underdeveloped provinces”, said Syed Tahir Hussain Mashhadi, chairman of the senate standing committee on planning and development.
“Irrespective of sour India-Pakistan, China will definitely use CPEC to expand its trade with India because one who invests always watches one’s interests first.” Mashhadi also suggested.
“It will be very harmful to us if we have to bear the entire burden; will this [project] be a national development or a national calamity? Whatever loans are taken from China will have to be paid by the poor people of Pakistan,” senator Saeedul Hassan Mandokhail reportedly said, at a meeting of the Senate Standing Committee on Planning and Development, Dawn reported.