Twist in China-Pakistan Friendship | Report: 98% of Chinese Loan to Pakistan Not Out of Generosity
By : Oneindia
Published On: 2023-11-07
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02:30
A recent report reveals that 98% of China's funding to Pakistan consists of loans, not grants. The outstanding debt amounts to $67.22 billion, 19.6% of Pakistan's GDP, higher than reported. China has invested in energy, budget support, and transportation sectors. This situation poses a dilemma for Pakistan: either repay the substantial debt or risk falling into a debt trap, similar to Sri Lanka's experience with vital infrastructure forfeiture. The choice ahead is crucial for Pakistan's economic future..
#India #Pakistan #China #Pakistannews #Pakistanupdates #Pakistaneconomy #China #Chinanews #Chinapakistan #debttrap #Lahore #Karachi #OneIndia #OneIndianews
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