Pakistan wants to get trapped in China's debt, seeks again on Silk Road projects



 Islamabad



Between the severe financial crisis and the sluggish economy, Pakistan is now feared trapped in its "friend" China's "debt trap". Under the Belt and Road Initiative (BRI), Pakistan has been hit by the $ 8.2 billion Karachi-Peshawar Rail Project (Silk Road) proposed in Pakistan. Imran Khan's government is upset about its costs and financial conditions.

After Pakistan's new Prime Minister Imran Khan came to power, the resistance has increased. He has been raising voice against rising debt on the country and he says that the country should stay away from external debt.

Pakistan's Planning Minister Khusro Bakhtiar had recently told the media, "We want to develop a model that does not have all the risks in Pakistan."

The enthusiasm for China's investment has cooled even in Sri Lanka, Malaysia and Maldives. The new governments of these countries are also concerned about the agreements made by the previous governments.

The new government of Pakistan wants to revisit all contracts of BRI. Officials say that the deals are very expensive, the bargain is not well or there is too much inclination towards China's interest.

However, Beijing is only ready to review the projects that have not started yet. Three senior officials gave this information to Reuters.

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