How to Overcome Hurdles to CPEC
first, Pakistan is hobbled by a high fiscal and current account deficit, a large foreign debt and a resulting heavy debt repayment burden. Its ability to provide support funds for CPEC has lost to a great extent, and there is large financial pressure to expand infrastructure construction. IMF loans come with conditions and Pakistan will not be able to provide a large budget for the CPEC project while meeting these conditions.
Second, after Prime Minister Imran Khan came to power, his government further adjusted the original blueprint of the CPEC, focusing more on economic and social development, industrial parks and agricultural cooperation.
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