Pakistan rejects use of Chinese currency in Gwadar

[Whitehulk]

ISLAMABAD: Pakistan has turned down China’s demand to allow its currency to be used in the Gwadar Free Zone under the China-Pakistan Economic Corridor framework, arguing any such move would compromise its ‘economic sovereignty’.

Pakistan conveyed its final position on the use of the foreign currency in its territory to the Chinese authorities during the Senior Officials Meeting (SOM) that was held on Monday in Islamabad, according to officials who were engaged in talks.

The SOM was held a day before the 7th meeting of the Joint Cooperation Committee (JCC) – the highest decision-making body of CPEC

https://tribune.com.pk/story/1564050...nese-currency/


Earlier Beijing demanded ownership of the project, operation and maintenance cost and secularization of the Diamer-Bhasha project .

https://tribune.com.pk/story/1558475...asha-dam-cpec/









Dont know what are their intentions.