“FM Qureshi lauded UAE’s consistent support to Pakistan and welcomed the announcement of rolling back payment of $2 billion, which symbolizes the depth and strength of bilateral ties,” said the Ministry of Foreign Affairs in a statement.
The government will invest $175 million in the project. It has also requested a $280 million loan in project cofinancing from the Asian Infrastructure Investment Bank.
"China's input in the Belt and Road Initiative (BRI) including the CPEC has not reduced but rather increased against the odds," says Chinese FO spokesman.
He says, "China has increased direct financial investment in BRI countries by around 30 percent in first three quarters of the year."