City
Epaper

Firms blacklisted by World Bank got CPEC contracts: Alice Wells

By ANI | Updated: January 22, 2020 12:15 IST

Senior US diplomat Alice Wells on Tuesday sharply criticised the China-Pakistan Economic Corridor (CPEC) saying that the compes blacklisted by the World Bank had got contracts in the multi-billion dollar project.

Open in App

Senior US diplomat Alice Wells on Tuesday sharply criticised the China-Pakistan Economic Corridor (CPEC) saying that the compes blacklisted by the World Bank had got contracts in the multi-billion dollar project.

At a think-tank event, Wells, who is on a four-day visit to Pakistan, said that there was no transparency in CPEC projects financed by China and it has lead to Pakistan's debt burden, The Dawn reported.

The CPEC is a multi-billion dollar development project, with a planned network of roads, railways and energy projects linking China's Xinjiang Uyghur Autonomous Region with Pakistan's strategic Gwadar Port on the Arabian Sea.

During the event, Wells also talked about Pakistan's growing debt problem, saying that the Chinese money for CPEC was not assistance to Islamabad and the loans given to them will later take a heavy toll on its already struggling economy.

The Pakistan Foreign Office, in a statement, said that a range of bilateral issues, including political engagement and economic partnership were discussed between the nations during Well's visit to Pakistan.

Although Wells' visit comes immediately after Foreign Minister Shah Mehmood Qureshi's trip to Washington, her trip had been previously planned centered around talks on Afghstan, Middle East tension and other bilateral issues.

( With inputs from ANI )

Tags: pakistanAlice WellschinaShah Mehmood QureshiWorld Bank
Open in App

Related Stories

Cricket'India Hamare Baap The..': Pakistani Fan Abuses Men in Green After Loss to India in Asia Cup 2025 Final (Watch)

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Final

InternationalTyphoon Ragasa Live Tracker Map: Deadly Cyclonic Storm Nears Vietnam After Wreaking Havoc in China, Hong Kong and Taiwan; Check Real-Time Status

Cricket'Abhishek Sharma Bigger Talent Than Yuvraj Singh': Former Pakistan Cricketer After IND vs PAK Match in Asia Cup 2025

Cricket'He Could Have Taken Side Angle': Former Cricket Umpire on Fakhar Zaman's Dismissal in IND vs PAK Super 4 Match of Asia Cup

International Realted Stories

InternationalIndia & France hold Air Staff talks, discuss enhancing cooperation, state-sponsored terrorism

InternationalGovt issues notices to 25 offshore crypto exchanges for breaking anti-money laundering rules

InternationalWorld's tallest statue boosts tourism, empowers local communities in Gujarat

InternationalTwo detained in Afghanistan after police discovers drugs

InternationalSouth Korea, Japan, others can jointly respond to changing trade order: PM Kim Min-seok