Pakistan PM Sharif Visits China to Revive Ties & Stalled CPEC Project | Vantage With Palki Sharma

Pakistan PM Sharif Visits China to Revive Ties & Stalled CPEC Project | Vantage With Palki Sharma

Pakistan's Prime Minister Shehbaz Sharif is on a crucial visit to China, seeking to breathe new life into the China-Pakistan Economic Corridor (CPEC) project and ease the burden of Chinese debt. This visit is seen as an attempt to rebuild ties and secure further investment in CPEC's second phase. However, CPEC's future appears uncertain.

China has slowed investments, with many projects running behind schedule. In 2022, 80% of CPEC projects were reportedly delayed. Pakistan's fragile economy further complicates the situation. PM Sharif reportedly requested a $600 million loan from China, but Beijing has reservations due to Pakistan's history of not meeting its financial obligations.

Pakistan owes China a staggering $15 billion in energy debt, a significant portion of which was recently settled. This debt burden is a major hurdle in securing a new loan from the International Monetary Fund (IMF). Palki Sharma tells you more.

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Pakistan | China | PM Shehbaz Sharif | CPEC Project | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#pakistan #china #shehbazsharif #cpecproject #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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