https://www.gatestoneinstitute.org/21856/pakistan-china-bri-debt-trap
Pakistan, which possesses nuclear weapons, is nevertheless almost totally dependent on the People’s Republic of China for military weapons systems, infrastructure improvement and energy projects.
Pakistan is also in debt to China, its largest creditor, to the tune of $29 billion. Without continued Chinese financial assistance, Pakistan would fail to meet scheduled repayments of its international debt, which now amounts to $130 billion.
China’s financial rescue of its South Asian ally probably saved Pakistan from having the International Monetary Fund (IMF) declare it global credit risk. Such a declaration by the IMF could have resulted in the severe curtailment of foreign investment, as well as to decreased access to additional international loans. Consequently, if this had materialized, even China, might not have been able to stabilize the government of Pakistani Prime Minister Shahbaz Sharif, which already is struggling to survive amidst soaring inflation, a weakening currency, high unemployment and dwindling foreign reserves.
China might initially have hoped that Pakistan would serve as a model to attract interest from other states to embrace its Belt and Road Initiative (BRI). China has sponsored 122 BRI projects in Pakistan, and might also have hoped, as with other BRI investments, to create a debt trap for Pakistan, as it has for other nations…. As of 2021, according to The Guardian, “Researchers have identified debts of at least $385bn (£286bn) owed by 165 countries to China for ‘Belt and road initiative’ (BRI) projects…”
Two interconnected flagship projects of China’s BRI program in Pakistan significantly threaten to reduce Pakistan’s national sovereignty: the “China Pakistan Economic Corridor (CPEC), and the Gwadar Port Facility in Southwestern Pakistan along the coastline of the Arabian Sea…. Both projects appear to serve China’s interests more than they do Pakistan’s.
Pakistan’s latest sovereignty-concession is its caving to China’s insistence that it improve relations with Afghanistan’s Taliban regime…. The TTP’s primary objective is to overthrow the government of Pakistan, replacing it with a strict Islamist state. Despite this bloody feud between the Kabul and Islamabad, Beijing has agreed to extend the CPEC BRI project to include Afghanistan.
Gwadar is likely eventually to serve as a Chinese naval base, which will help challenge India’s prominence in the Indian Ocean. Gwadar also would provide China with increased power projection in the Indo-Pacific Region. China’s aggressive intrusion into its permissive ally Pakistan, certainly, violates Beijing’s stated “Principle of Non-Interference” that supposedly governs its diplomatic relations.
This latest projection of power in the Indian Ocean region is similar to what China has already achieved off the Horn of Africa, with its naval base at Djibouti, and — take notice, United States and its Latin American allies — what Communist China could be planning for Peru’s new mega-port on the eastern Pacific.
Pakistan, which possesses nuclear weapons, is nevertheless almost totally dependent on the People’s Republic of China for military weapons systems, infrastructure improvement and energy projects.
Pakistan is also in debt to China, its largest creditor, to the tune of $29 billion. Without continued Chinese financial assistance, Pakistan would fail to meet scheduled repayments of its international debt, which now amounts to $130 billion.
Pakistan’s foreign policy decision-making is also reportedly hostage to Chinese influence. Islamabad has even established joint border security programs with Chinese paramilitary teams, an arrangement that additionally threatens Pakistani sovereignty.