China: BRI Investments Boost Pakistan Economic Structure

China and Pakistan say their ongoing multibillion-dollar infrastructure development cooperation program under Beijing’s global Belt and Road Initiative (BRI) has entered the next stage after achieving initial targets, dismissing reports the project increased Islamabad’s debt burden rather than boosting economic growth. Officials in the neighboring countries, traditionally strong allies, say 22 "early harvest" projects, launched five years ago under what is known as the China-Pakistan Economic Corridor (CPEC), have been completed with an unprecedented Chinese investment of $19 billion. It has built new roads, power plants and operationaliZed the deep-water strategic Arabian Sea commercial port of Gwadar, which overlooks some of the world’s busiest oil and gas shipping lanes and is celebrated as the gateway to CPEC........................

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