Pakistan to review CPEC agreements

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According to the report published by financial times on Sunday, Newly elected Pakistan government of Prime Minister Imran Khan will review its role in China’s Belt and Road Initiative (BRI) and renegotiate a trade agreement signed more than a decade ago,

“The previous government did a bad job negotiating with China on CPEC — they didn’t do their homework correctly and didn’t negotiate correctly so they gave away a lot,” FT reported, quoting Abdul Razak Dawood.

“I think we should put everything on hold for a year so we can get our act together,” he added. “Perhaps we can stretch CPEC out over another five years or so”, FT report.

As per the report, Chinese foreign minister Wang Yi, who visited Islamabad at the weekend, indicated that Beijing could be open to renegotiating its 2006 trade deal with Pakistan.