CPEC project contracts awarded to blacklisted companies, Alice Wells

CPEC project contracts awarded to blacklisted companies, Alice Wells

ISLAMABAD: Senior US ambassador Alice Wells has reiterated her criticism of the Pak-China Economic Corridor (C-PEC), asking Islamabad to review its decision to get involved.

According to the report, addressing a think tank event, she criticized China's One Belt One Road Initiative project.

She alleged that there was no transparency in the C-PEC projects, Pakistan's debt was rising due to Chinese financing.

Her statement was similar to the remarks given at the Wilson Center in Washington on November 21, 2019, but on the visit of Islamabad and Foreign Minister Shah Mehmood Qureshi to enhance trade and investment relations between the US and Pakistan. Their assertion, again, is important after the emphasis.

Foreign Minister Shah Mehmood Qureshi asked the US to help Pakistan's removal from the grey list of the Financial Action Task Force (FATF).

Accusing C-PEC, Ambassador Alice Wells said that companies listed on the World Bank by Blacklist have received contracts in C-PEC.

The US ambassador also raised questions over whether the newly-established C-PEC authority was exempt from the cases.

C-PEC Authority is a newly established organization for coordination and identification of new areas for projects, provision of facilities, communication and monitoring of ongoing projects.

On the debt issue, Alice Wells emphasized that the Chinese were not supporting the money.

She said that Pakistan was getting the most expensive loans by financing China for projects and as a buyer, he should know what he is doing as this will put a heavy burden on his already weak economy.

She also talked about the cost increase of the Railway ML1 project, which links Karachi to Peshawar.

She called on the government to show transparency on big projects.

On the other hand, according to a statement from the Foreign Office, Alice Wells met with Foreign Secretary Sohail Mahmood.

The meeting discussed a wide range of issues, including political relations and economic partnerships.

The meeting emphasized that strong trade and investment ties were the culmination of the leadership of both countries. The United States plays a key role in advancing long-term, broad-based and sustainable partnerships.

The Foreign Secretary clarified the human rights situation in occupied Jammu and Kashmir, the continuous escalation of ceasefire violations by India, the war threats of Indian civil and military officials and the Indian offensive on the Line of Control (LoC). And emphasized the importance of the international community's role in peaceful resolution of Jammu and Kashmir conflict.

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