beijing English news | beijing, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Pakistan under Beijing's influence is forced to pay compensation for July 2021 terror attack incident.To analysts, this appears to be a case of a Chinese firm, whether Government or private, exercising arm-twisting, with the Chinese authorities leaning on Islamabad, according to Hongkong Post.Pakistan is to pay China in millions in billions when converted to its Rupee -- as compensation to the 36 Chinese nationals killed and 26 injured in a terrorist attack on July 14 last year, hoping to remove "a major irritant in bilateral relations."Earlier, Pakistan Cabinet chose from one of the four different packages worked out by the government. They range from USD 4.6 million (Rs 810 million) to USD 20.3 million (Rs 3.6 billion).On the other hand, the compensation for the hydro-power project at Dasu in Kohistan district of Khyber Pakhtunkhwa province doesn't fall under the China Pakistan Economic Corridor (CPEC) technically.Meanwhile, the 4,320 MW Dasu Hydropower Project is being constructed by China Gezhouba with funding from the World Bank.Now, the Chinese power firm is demanding from Pakistan six times the compensation it would have paid to its employees had the incident taken place within China, according to Hongkong Post.Earlier, Pakistan is compelled to follow its own 2004 precedence on compensation payment, before it entered into CPEC pact. It must keep in mind that according to Gomal Zam Dam amount of 2004 indexed upwards using nominal GDP increase, the compensation will be USD 20.3 million.The terms for the current and future projects, where they exist, are weighed heavily in the Chinese' favour and it's a bitter pill for Pakistan that is getting increasingly sucked into the Chinese vortex, with or without the CPEC that is expected to be the biggest economic boost since Pakistan's inception, as analyzed by Hongkong Post.The July 2021 incident that impacted bilateral ties was a suicide attack on a bus that was carrying workers to the worksite of the Dasu Hydropower Project. Pakistan initially sought to play it down as an accident. But the Chinese government intervened, issued a terse statement demanding that the terror aspect be also probed, and secured a joint probe that established it as a terror attack.China had immediately retaliated and cancelled a scheduled meeting of the Joint Cooperation Committee of the CPEC. The Chinese contractor had also stopped the work on the project and demanded a compensation of USD 37 million, as reported by Hongkong Post.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

BeijingFOLLOW

Beijing, Latest News

People in Nepal are protesting against China for various reasons including Belt Road Initiative (BRI), a project they term as "illegal occupation of Nepalese land by Beijing," a Canada-based think tank has said. ...

China slashed lending rates for the second consecutive month as the country contends with a deepening slump in the real estate market and slowing economic growth, a media report said. ...

Pakistan has never shied away from denouncing other nations for atrocities against Muslim communities however the country itself has remained noncommittal on the issue of violation of Uyghur human rights in Xinjiang. ...

Under Beijing's pressure, the Economic Coordination Committee (ECC) of Pakistan, has approved the compensation of USD 11.6 million to the families of the Chinese workers killed and wounded in the Dasu Dam terror attack that occurred in July 2021. ...

Under Beijing's pressure, the Economic Coordination Committee (ECC) of Pakistan, has approved the compensation of USD 11.6 million to the families of the Chinese workers killed and wounded in the Dasu Dam terror attack that occurred in July 2021. ...

China on Friday reported 23 locally transmitted COVID-19 cases, local media reported citing the National Health Commission as saying on Saturday. ...

China acts as an enemy to many countries and not as nice a country as we thought it to be, said Chief of German Navy, Vice Admiral Kay-Achim Schonbach on Friday. ...

Pakistan under Beijing's influence is forced to pay compensation for July 2021 terror attack incident. ...