Could China’s AIIB loans deepen Pakistan’s economic woes?

China’s offer of multibillion-dollar loans to Pakistan will ease the immediate pressure on Islamabad’s foreign-currency reserves in the face of steep current-account deterioration, a bulging trade deficit, and a likely US$1.7 billion cut in US Coalition Support Fund (CSF) financing. A Chinese delegation from the Asian Infrastructure Investment Bank (AIIB) conveyed to Islamabad this month that the […]