AIRLINK 155.16 Decreased By ▼ -0.96 (-0.61%)
BOP 9.93 Decreased By ▼ -0.08 (-0.8%)
CNERGY 7.14 Increased By ▲ 0.09 (1.28%)
CPHL 83.65 Decreased By ▼ -0.48 (-0.57%)
FCCL 44.80 Increased By ▲ 0.15 (0.34%)
FFL 14.90 Increased By ▲ 0.01 (0.07%)
FLYNG 36.67 Increased By ▲ 3.33 (9.99%)
HUBC 135.50 Decreased By ▼ -0.05 (-0.04%)
HUMNL 12.81 Decreased By ▼ -0.01 (-0.08%)
KEL 4.37 Increased By ▲ 0.21 (5.05%)
KOSM 5.44 Increased By ▲ 0.37 (7.3%)
MLCF 71.59 Decreased By ▼ -0.01 (-0.01%)
OGDC 207.39 Increased By ▲ 7.17 (3.58%)
PACE 5.18 Increased By ▲ 0.13 (2.57%)
PAEL 43.65 Decreased By ▼ -0.24 (-0.55%)
PIAHCLA 16.90 Increased By ▲ 0.16 (0.96%)
PIBTL 9.02 Increased By ▲ 0.31 (3.56%)
POWER 14.60 Decreased By ▼ -0.31 (-2.08%)
PPL 153.85 Increased By ▲ 5.37 (3.62%)
PRL 30.26 Increased By ▲ 0.71 (2.4%)
PTC 20.90 Increased By ▲ 0.05 (0.24%)
SEARL 83.46 Decreased By ▼ -0.01 (-0.01%)
SSGC 37.50 Decreased By ▼ -2.53 (-6.32%)
SYM 14.80 Decreased By ▼ -0.08 (-0.54%)
TELE 7.20 Increased By ▲ 0.21 (3%)
TPLP 8.48 Increased By ▲ 0.10 (1.19%)
TRG 63.89 Increased By ▲ 0.26 (0.41%)
WAVESAPP 9.65 Increased By ▲ 0.78 (8.79%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.70 Increased By ▲ 0.24 (6.94%)
AIRLINK 155.16 Decreased By ▼ -0.96 (-0.61%)
BOP 9.93 Decreased By ▼ -0.08 (-0.8%)
CNERGY 7.14 Increased By ▲ 0.09 (1.28%)
CPHL 83.65 Decreased By ▼ -0.48 (-0.57%)
FCCL 44.80 Increased By ▲ 0.15 (0.34%)
FFL 14.90 Increased By ▲ 0.01 (0.07%)
FLYNG 36.67 Increased By ▲ 3.33 (9.99%)
HUBC 135.50 Decreased By ▼ -0.05 (-0.04%)
HUMNL 12.81 Decreased By ▼ -0.01 (-0.08%)
KEL 4.37 Increased By ▲ 0.21 (5.05%)
KOSM 5.44 Increased By ▲ 0.37 (7.3%)
MLCF 71.59 Decreased By ▼ -0.01 (-0.01%)
OGDC 207.39 Increased By ▲ 7.17 (3.58%)
PACE 5.18 Increased By ▲ 0.13 (2.57%)
PAEL 43.65 Decreased By ▼ -0.24 (-0.55%)
PIAHCLA 16.90 Increased By ▲ 0.16 (0.96%)
PIBTL 9.02 Increased By ▲ 0.31 (3.56%)
POWER 14.60 Decreased By ▼ -0.31 (-2.08%)
PPL 153.85 Increased By ▲ 5.37 (3.62%)
PRL 30.26 Increased By ▲ 0.71 (2.4%)
PTC 20.90 Increased By ▲ 0.05 (0.24%)
SEARL 83.46 Decreased By ▼ -0.01 (-0.01%)
SSGC 37.50 Decreased By ▼ -2.53 (-6.32%)
SYM 14.80 Decreased By ▼ -0.08 (-0.54%)
TELE 7.20 Increased By ▲ 0.21 (3%)
TPLP 8.48 Increased By ▲ 0.10 (1.19%)
TRG 63.89 Increased By ▲ 0.26 (0.41%)
WAVESAPP 9.65 Increased By ▲ 0.78 (8.79%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.70 Increased By ▲ 0.24 (6.94%)
BR100 12,265 Increased By 116.1 (0.96%)
BR30 35,889 Increased By 495.4 (1.4%)
KSE100 114,810 Increased By 707.4 (0.62%)
KSE30 35,113 Increased By 304.1 (0.87%)

This is apropos a letter to the Editor titled ‘Trump’s strategy to counter China’s BRI: too little, too late’ by this writer carried by the newspaper yesterday. According to media reports, Senators John Cornyn and Todd Young warned that the BRI has expanded China’s influence across Asia, Africa, and Latin America, with over 150 countries now part of the initiative, many of which are struggling with unsustainable debt burdens.

They noted that China provides large-scale infrastructure loans with opaque terms, and when countries fail to meet repayment obligations, Beijing seizes control of critical assets such as ports, railways, and energy infrastructure, effectively making these nations financially and politically subservient to Chinese interests. The senators called for a robust counter-strategy to curb China’s economic coercion and reassert US influence in global infrastructure and development financing.

Senators Maria Cantwell and Bill Cassidy further warned that China’s BRI projects often involve exploitative labor practices, where Chinese firms and workers dominate construction contracts, leaving little long-term benefit for local economies. To counter this, they advocated for stronger US trade and investment partnerships that prioritize local job creation and economic sustainability.

They proposed expanding US-backed alternatives, such as the Development Finance Corporation (DFC) and the G7’s Partnership for Global Infrastructure and Investment (PGII), to offer more transparent and sustainable financing options to emerging economies. Instead of relying solely on public funds, they suggested that the US encourage private-sector-led investments in infrastructure projects in Africa, Latin America, and Southeast Asia, providing a viable alternative to China’s state-backed lending.

Qamar Bashir

Copyright Business Recorder, 2025

Comments

Comments are closed.