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China refutes reports about ending financial support to Pakistan

Syed Umarullah HussainiWeb Editor

29th Dec, 2020. 12:15 pm
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China has refuted reports about gradually ending its financial support to Pakistan pledged under China- Pakistan Economic Corridor (CPEC).

During press briefing in Beijing, Chinese Foreign Ministry spokesperson Zhao Lijian said such reports are groundless and both countries are resolute in pushing forward the construction of this mega project.

The spokesperson said the CPEC International Coordination and Cooperation working group held its second meeting last Friday, in which both sides reiterated their commitment to implement the consensus reached by the leaders of the two countries.

Earlier this month, China has acknowledged the progress in the infrastructure and energy projects being completed under the China-Pakistan Economic Corridor framework.

The Chinese top diplomat Hua Chunying, while speaking at the 11th International Infrastructure Investment and Construction Forum in Macao.

The Chinese spokesperson said CPEC is an important pilot program and both China and Pakistan are committed to bringing greater benefits to both the countries and the entire region.

Speaking at the forum, Chairman of CPEC Authority Asim Saleem Bajwa said there are 22 construction projects under the framework of CPEC, covering roads, railways, airports, thermal power, hydropower, renewable energy, Gwadar Port, special economic zones and other areas.

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