Second phase of CPEC: Chinese companies showing some reluctance

Second phase of CPEC: Chinese companies showing some reluctance


ISLAMABAD: Chinese companies are reportedly reluctant to engage in the second phase of the China Pakistan Economic Corridor (CPEC) due to failure to meet the terms and conditions agreed with existing companies especially in the power sector and has bandied charges of enticement.

Background interviews with officials dealing with Chinese companies, discussions at a recent high-level Joint Working Group of Pakistani and Chinese officials meeting as well as available documents paint a depressing picture.

According to sources, the representatives of Chinese companies which have established power projects in Pakistan under CPEC maintain that whatever agreements were signed should be honored in letter and spirit and on a sustainable basis instead of raising the same issues again and again.

 

Retrieved from: https://www.brecorder.com/news/40124574

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