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Description: Is China using China Pakistan Economic Corridor (CPEC) to colonize Pakistan just as the British East India company colonized India centuries earlier? Will Pakistan be caught in a massive Chinese debt trap and eventually become China’s colony? What are the terms of Chinese financing and investments in CPEC projects in Pakistan? Are Pakistanis required to pay exorbitant interest rates on infrastructure loans and unreasonably high return on equity on power plant investments? Is there an IBM-like organized campaign of fear, uncertainty, and doubt (FUD) being waged by CPEC’s detractors to convince Pakistanis that it’s a zero-sum game in which China’s gain is Pakistan’s loss? Is there no possibility of win-win in CPEC for both China and Pakistan?
Viewpoint From Overseas host Faraz Darvesh discusses these questions with Misbah Azam and Riaz Haq (www.riazhaq.com)
Tags: China, Pakistan, CPEC, FUD, British East India Company, Debt trap, BRI,