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China Stop aiding Pakistan, IMF affects Belt and Road Project of China
China Suspend Aid or Loan to Pakistan, Biggest Impact on Chinese Belt and Road Project, China Investing and Aid Iran. China Vs IMF in Middle East.
Due to the recent ongoing IMF and Chinese Belt and Road Projects, Pakistan is going to face the biggest blow from China. Recently, the IMF has taken the help of Pakistan to stop the Chinese Belt and Road Initiative (BRI) project in China. It is also worried that the increased involvement of the US in Pakistan will one day cause huge harm to Chinese BRI projects. Recently, IMF’s new demand urges Pakistan to halt incentives for the special economic zones, which directly impact Chinese Belt and Road Initiative projects of China. This move by the IMF may deter Chinese investment, reducing momentum for ongoing and future developments in Pakistan. On the other hand, Chinese BRI and the Chinese Government also demand the urge to halt US involvement in BRI, Pakistani Politics, and Loans. The Chinese Infrastructure project aims to connect Asia, Africa, the Middle East, Europe, and South Asia through land and sea routes. Now China fears that Pakistan may accept any condition of IMF in the future because China had refused to give loans to Pakistan for the last year.
Why did China stop debt to Pakistan, and why is China investing in Iran?
While China’s Belt and Road connections are running through almost many countries, it has now been said that Pakistan’s Gwadar port is considered very important not only for China but for the trade of the entire world. Actually, recently it has been said that now Iran has started becoming more important for China than Pakistan because there is no deep relation between Iran and the US. Due to this, the increasing political closeness between Iran and China is now bringing Pakistan closer to the US. Because the US still believes that Iran and Pakistan are considered the most important economic partners for China. So recently IMF has issued a new demand that Pakistan affect the Chinese Corridor then the top banks of the US and IMF can offer big loans to Pakistan. Due to this, now China is also taking new defense, economic, BRICS, and financial decisions along with Iran so that Pakistan can be saved from US involvement.
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