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

Video Credit: Oneindia - Duration: 02:30s - Published
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

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 ~HT.178~ED.155~GR.124~


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