Thursday, November 9, 2017

World Sindhi Congress resolution on CPEC

World Sindhi Congress resolution on

China Pakistan Economic Corridor (CPEC)

The Conference Resolves that CPEC project is designed to benefit to China and its allies in Pakistan only while
ignoring Sindh from all decision and budget allocations. The State Bank of Pakistan has repeatedly called for more
transparency, to no avail.

The project is more inclined to leave the country burdened with unserviceable debt which country has never seen
before. The citizens of Sindh also have no way to know what CPEC will cost them. Neither government has been
clear about what projects are part of the plan. Financial reports has been completely opaque. China sets the price,
contracts the work out to Chinese companies, and saddles Pakistan with the loans. The CPEC projects are
abandoned till proper transparent and technical review is completed, and all local stakeholders are brought on
board.

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