Fears in Gilgit Baltistan that Pak may cede region to China on lease to pay off debts


Pakistan may cede Gilgit Baltistan to China on lease to pay off mounting debt, Karakoram National Movement chairman Mumtaz Nagri said, expressing what he described to be the fear among locals. He also said the isolated Gilgit Baltistan could be a “future battleground for world powers to compete”, reported Al Arabiya Post.
Pakistan ceding Gilgit Baltistan that it illegally occupies would be a boon for China’s South Asian expansion for its CPEC. Though such a move could earn Pakistan money that may help the nation to tide over its current economic woes, it could also annoy the US leading to the denial or delay of an IMF bailout deal.


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