Advocates of CPEC see it as an economic game changer. Critics say it's a strategic project with an economic facade. The truth is more complex.
An improvement in ties between Islamabad and Washington may actually yield benefits for the China-Pakistan alliance.
In the short-term, CPEC has exacerbated Pakistan's macroeconomic imbalances, contributing to a surge in the current account deficit and helping create another boom-bust cycle.
Pakistani prime minister Imran Khan headed to China on November 1 for his first visit to the country since taking office this summer. Khan hopes for assistance to ease his country’s ongoing economic crisis and aims to chart out an...
A refinery in Gwadar would give the Saudis an economic foothold in a strategic location—just outside the Strait of Hormuz but close to Persian Gulf shipping lanes—and could lock Pakistan into purchasing Saudi crude. Read more at The National Interest
Pakistan faces another balance of payments crisis and may again head to the International Monetary Fund for help. China and its Belt and Road Initiative have been blamed – unfairly – for the crisis, but the real culprit is poor...
The reimposition of sanctions on Iran and the threat of secondary sanctions will inhibit foreign investment in Chabahar. But for Afghanistan's economy, the promise of Chabahar is overblown anyway.