India's expanding trade ties a strategy to counter-balance CPEC: Chinese daily

News Image

MG News | June 29, 2017 at 10:04 AM GMT+05:00

0:00

Chinese state-run daily Global Times has termed India's efforts towards establishing trade linkages in the region 'geopolitical stubbornness' and urged New Delhi to develop economic and trade relations with Islamabad instead of bypassing Pakistan entirely. A column published by the GT discussed whether India will bypass Pakistan to develop trade with Afghanistan and other Central Asian countries by means of recently opened Afghanistan-India Air Corridor and the Chabahar port in Iran, and warned that these efforts may be a "strategy to counter-balance the China-Pakistan Economic Corridor (CPEC)". The first cargo flight along the Afghanistan-India Air Corridor was dispatched earlier this month, carrying $5 million in plants with medicinal uses. Additionally, India, Iran and Afghanistan signed a transit accord on the Chabahar port last year, with India saying it would invest up to $500m to develop the strategic port. Indian Prime Minister Narendra Modi on the occasion had said: "We want to link to the world, but connectivity among ourselves is also a priority."

The Global Times claimed that "All such connectivity efforts have not only signaled India's desire to more actively participate in regional economic development, but have also highlighted the country's stubborn geopolitical thinking." Although the new route will boost trade ties between India and Afghanistan, the column questioned whether an air trade route is "commercially viable and sustainable for trade exchange", and cautioned India to not bypass Pakistan, which it said "offers the most efficient and cost-effective land route."

The Global Times claimed that "India has always been pushing back against the Belt and Road (B&R) initiative", adding that "its intention to create its own connectivity network appears to be a strategy to counterbalance the CPEC." It added that the One-Belt, One-Road initiative has "created the opportunity and platform for cooperation between India and Pakistan". The column posited that it is better for India to develop economic and trade ties with Pakistan as "regional connectivity cannot live without the cooperation between both India and Pakistan.

Related News

Name Price/Vol %Chg/NChg
KSE100 187,688.16
462.47M
0.35%
654.90
ALLSHR 112,627.69
1,066.28M
0.24%
272.05
KSE30 57,478.24
133.38M
0.39%
224.59
KMI30 266,443.18
171.92M
0.80%
2103.94
KMIALLSHR 72,592.65
594.36M
0.43%
312.04
BKTi 53,552.73
28.61M
-0.31%
-167.51
OGTi 39,279.97
12.36M
0.20%
77.32
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,545.00 90,425.00
89,385.00
-685.00
-0.76%
BRENT CRUDE 64.51 65.38
63.92
-0.73
-1.12%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-3.10
-3.45%
ROTTERDAM COAL MONTHLY 98.50 98.50
98.20
-0.25
-0.25%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 59.95 60.82
59.31
-0.67
-1.11%
SUGAR #11 WORLD 14.96 14.97
14.70
0.22
1.49%

Chart of the Day


Latest News
January 22, 2026 at 05:18 PM GMT+05:00

CCP, SDPI sign MoU to strengthen competition policy research


January 22, 2026 at 05:03 PM GMT+05:00

Is SAZEW taking on Toyota with the TANK 500?


January 22, 2026 at 04:38 PM GMT+05:00

SOCAR set to finalize investment in Pakistan’s oil sector


January 22, 2026 at 04:24 PM GMT+05:00

JDW to sell 243 kanals of project land in Gujrat



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg