Pakistan struggling to pay its debts to China
PESHAWAR – Chinese debts are squeezing Pakistan’s pinched finances as external payments are set to balloon to US$14 billion at the end of this financial year. Nearly half is owed to Chinese commercial banks, largely for Belt and Road Initiative (BRI) related projects. Observers say Islamabad needs to ask Chinese financial authorities to reschedule its … Continue reading Pakistan struggling to pay its debts to China
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