Belt And Road Initiative Bri

Pakistan cuts CPEC investment in railways by $2 billion; railway minister says Islamabad 'cannot afford' huge burden of loans

The announcement gives credence to reports that the Imran Khan government intends to scrutinise the $62 billion CPEC infrastructure and power projects,

US senators say Pakistan at risk of debt distress due to CPEC, express concern about China's 'debt-trap' diplomacy

US senators have said that Pakistan is at risk of debt due to rising current-account deficit and external debt obligations caused by the CPEC, in a letter written to the secretary of state Michael Pompeo and secretary of treasury Steven Mnuchin.