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'98% China's development funding to Pak is less-than-generous loans'

IndiaTimes Tuesday, 7 November 2023
As much as 98 per cent of China's development funding for its all-weather ally Pakistan came in the form of "less-than-generous loans," with only two per cent coming in the form of grants between 2000 and 2021, according to a research report. ​​ The China-Pakistan Economic Corridor (CPEC), a global infrastructure and investment initiative by Beijing, was launched in 2013. It is thought to be the largest partnership of China's Belt and Road Initiative (BRI). It increased to over $62 billion over time, and at least $25 billion was invested in cash-strapped Pakistan.
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News video: Twist in China-Pakistan Friendship | Report: 98% of Chinese Loan to Pakistan Not Out of Generosity

Twist in China-Pakistan Friendship | Report: 98% of Chinese Loan to Pakistan Not Out of Generosity 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...

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