Commentary
Pakistan is facing challenges, largely due to its close ties with Beijing’s Belt and Road Initiative (BRI).
Historically, coal mines used canaries to detect poisonous gas levels. Similarly, Pakistan’s involvement in the BRI could be a warning sign for other participants to reconsider their engagement.
The main issue for Pakistan lies in the power grid built by the BRI, which has led to unsustainable debt levels.
Beijing’s approach to less developed nations involves offering infrastructure projects financed by Chinese banks, constructed by Chinese contractors, and managed by Chinese entities. This model often results in projects that do not align with the recipient nation’s economic needs.
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Participants in the BRI have limited control over the projects, leading to financial strain and mismatched infrastructure.
Pakistan’s experience with the BRI has resulted in overwhelming debt burdens and inflated electricity prices, impacting its economy significantly.
Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times.
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