Pak Owes China $10 Billion For Gwadar Port, US General Says3Photo© timesofindia.indiatimes.com

Pak Owes China $10 Billion For Gwadar Port, US General Says

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Washington: Pakistan owes its "all weather friend" China at least USD 10 billion for the construction of the Gwadar port and other projects, a top US general said as he underlined Beijing's "predatory economics" to expand its global influence.

The strategic Gwadar Port in Balochistan province is being built by China under the multi-billion China-Pakistan Economic Corridor (CPEC) and is considered to be a link between Beijing's ambitious One Belt, One Road (OBOR) and Maritime Silk Road projects.

"Let us look at just a few examples. Saddled with predatory Chinese loans, Sri Lanka granted China a 99-year lease and 70 per cent stake in its deep-water port," General Joseph Dunford, Chairman of US Joint Chiefs of Staff, told a Senate Armed Services Committee on Thursday.