ANI
21 May 2022, 15:27 GMT+10
Islamabad [Pakistan], May 21 (ANI): China and Pakistan -- often touted as the 'Iron Brothers' -- have enjoyed cordial relations for the past few years. However, things are changing as the promised benefits of Chinese investment have failed to materialize.
Firstly, the benign perception in the minds of the Pakistani people is shifting quite rapidly. Secondly, the Chinese are getting perturbed by the worsening security situation in the country, threatening the focal point of this relation i.e the China Pakistan Economic Corridor (CPEC).
The local community has been severely impacted by illegal fishing carried out by Chinese trawlers and the forced takeover of their region with military might.
With skirmishes coming out into the streets and people challenging the armed soldiers openly, the Pakistan authorities have been alarmed by the delays in the execution of the CPEC projects. Even the Chinese professionals working on the key infrastructure projects have expressed concerns about security.
According to Policy Research Group (Poreg), the extensive security apparatus in Balochistan and other CPEC areas has been both a cause as well as a reaction to this extremism, with numerous suicide bombings and other attacks targeting Chinese nationals and projects.
Against this backdrop, Pakistan Prime Minister Shehbaz Sharif on Tuesday ordered the tightening of security for Chinese nationals working on the CPEC projects.
The Pakistani PM gave the order while chairing a meeting with Interior Minister Rana Sanaullah, Ahsan Iqbal and other top officials in the wake of the recent suicide attack in Karachi which killed three Chinese nationals, The Express Tribune newspaper reported.
Sharif said that there will be no compromise on the security of Chinese residents and directed the interior ministry and security agencies to ensure foolproof security, the report said.
According to Poreg, the financial implications of the CPEC have been immense.
At USD 62 billion the amount approaches 20 per cent of the country's GDP and due to setbacks and allegations of large-scale corruption. This is leading to growing reluctance from Chinese investors in funding projects citing due arrears from the Pakistani government. (ANI)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationHARTFORD, Connecticut: Following a state Senate debate and vote to approve Connecticut's most comprehensive gun legislation since the laws put ...
SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...
MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...
SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...
RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...
NEWARK, New Jersey: Six years after his 2016 presidential campaign failed to succeed, Chris Christie, former New Jersey Governor, will ...
NEW YORK, New York - U.S. stocks were directionless Tuesday as investors had little to digest ahead of next week's ...
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
WASHINGTON D.C.: The Biden administration is expected to approve a deal allowing General Electric to assemble jet engines in India ...
TAIPEI, Taiwan: Taiwan and the United States are set to sign the first deal under a new trade framework, marking ...
NEW YORK, New York - U.S. stocks started the week under pressure on Monday. "Markets are catching their breath after ...
NEW YORK CITY, New York: A JPMorgan Chase & Co spokesperson has confirmed that as part of the bank's efforts ...