Islamabad: Some time ago, US has warned Pakistan that only China will benefit from the China-Pakistan Economic Corridor (CPEC). In contrast, Pakistan will be burdened with heavy debt. According to Dawn's report, while addressing attendees at the Wilson Center in Washington, the US thinktank and additional minister for South Asia, Alice Wells, said the multi-billion dollar project could have a negative impact on Pakistan's economy.

After the information received there, he also said that CPEC is not a help to Pakistan. Where it is a financial form that will provide mandatory profits to Chinese companies and very little of it will also get to Pakistan. At the same time, Wells said, 'The most expensive project of CPEC is the upgradation of the railway line from Karachi to Peshawar. The cost was estimated at $ 8.2 billion (about Rs 588 billion) when the project was announced. Whereas, in October 2018, the Pakistani Railway Minister said that the cost of this project has been reduced by two billion dollars (about 143 billion rupees) by bargaining.

He said that Pakistan is a poor country and it cannot afford so much debt. With which it is also being said in the media report that the project has now been worth nine billion dollars. Pakistan has to understand that China is giving loans and not a grant like America.

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