Pakistan ready to scrap CPEC, if US offers similar assistance: Report – Business Standard

Pakistan  | China | United States
ANI  Last Updated at February 25, 2022 16:52 IST

Amid the growing economic woes and isolation forcing over-reliance on China, Pakistani officials are ready to scrap the China-Economic Corridor (CPEC), if the US could offer a similar deal, a news report said.
Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the if Washington could offer similar financial assistance, said Asia Times citing inside sources.document.write(““);googletag.cmd.push(function(){googletag.defineOutOfPageSlot(‘/6516239/outofpage_1x1_desktop’,’div-gpt-ad-1490771277198-0′).addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();});


var banHeight=$(“.article-middle-banner iframe”).height();if(banHeight<=1){$(".article-middle-banner").height(0);$(".article-middle-banner").next().next().remove();}displayConBanner=1;
has been attempting to warm up relations with the US, even appointing Moeed Yusuf, a US-based Pakistani analyst who worked for years for the US government-funded Institute of Peace, as national security advisor.
However, not much has been achieved apart from an Monetary Fund (IMF) bailout package in July 2019.
Pakistan's prospects for better ties with the US diminished further when the US declared Qatar as its diplomatic representative in Afghanistan in November 2021, making Doha, to quote Secretary of State Antony Blinken, the "protecting power" for the US in Afghanistan, the news report said.
The continued snubbing has forced the regime to appease the Chinese for the requisite economic and geopolitical assistance.
Earlier this month, Imran Khan, in an interview with Eric Li, director of the Advisory Committee of the Institute of Fudan University, said, "We see and Gwadar as a great opportunity for geo-economics." At the same time, has dismissed the reports of being a 'debt trap.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor
Copyrights © 2022 Business Standard Private Ltd. All rights reserved.
Business Standard
Upgrade To Premium Services
Business Standard is happy to inform you of the launch of “Business Standard Premium Services”
As a premium subscriber you get an across device unfettered access to a range of services which include:
Business Standard
Premium Services
In Partnership with Fis Logo
Dear Guest,
Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard


Leave a comment

Your email address will not be published.