Gwadar port: No country needs to be worried, says China
Islamabad: Chinese Ambassador to Pakistan, Liu Jian has asserted that no one should be worried or annoyed by Pakistan’s handing over Gwadar Port to China. Talking to Nawa-i-Waqt at a function, the dignitary disclosed that the agreement regarding the transfer of management of the deep-sea port will be signed on Monday.
According to the Nation, about India’s criticism and concerns regarding the handing over of the port, he said that no country should have apprehensions over Pak-China cooperation. He added that the bilateral arrangement is in the economic interest of the peoples of China and Pakistan.
Asked that certain countries were thinking China would use this port for military purposes, he said that the hypothesis was absolutely baseless. Asked if the change in government in Pakistan after the elections would have any impact on Pakistan-China ties, the ambassador said the friendship of the two countries was time-tested.
According to the report, Jian further said China wanted Pakistan’s solidarity and economic development and it would continue helping it. He said that Pakistan should give more attention to its economic development, adding that Gwadar Port would play an important role to this end.
The Pakistanis pitched the deal as an energy and trade corridor that would connect China to Arabian Sea and Strait of Hormuz, a gateway for a third of the world’s traded oil, overland through an expanded Karakoram Highway, the report added.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 19 hrs ago, Duration 2:19, Views 26