Following Sri Lankan economy collapse, worries mount in Pakistan over Chinese debt trap

ISLAMABAD: Drawing warning lessons from the collapsing Chinese-dominated economies of Sri Lanka and Nepal, the Shehbaz Sharif government has decided to scrap the China-Pakistan Economic Corridor Authority (CPECA) to arrest Pakistan’s own slide towards a similar fate.

The authority, dominated by the Pakistan Army, will now be restructured and incorporated into the Ministry of Planning and Development.