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
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..
Several cities across Jammu and Kashmir, including Akhnoor, Jammu, Poonch, and Rajouri, witnessed a peaceful morning on Sunday with no reports of firing or shelling overnight—marking a return to normalcy after four tense days. Pakistan, after violating the ceasefire agreement on Saturday, has now issued a statement reaffirming its commitment to the ceasefire and urged ground troops to show restraint. The peaceful morning is a relief for residents, with both nations appearing to take steps toward reducing tensions along the border.
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Behind the scenes of the India-Pakistan ceasefire lies calculated pressure from the United States. Relying heavily on U.S.-controlled IMF loans and military aid, Pakistan was reportedly nudged by Washington to de-escalate. The U.S. is believed to have used its sway over Pakistan’s military, intelligence ties, and influence in international forums—possibly with help from Saudi Arabia—to defuse tensions. The strategic move helped avoid a full-scale conflict, as India also agreed to the ceasefire to ensure economic stability and regional peace.
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India said on Saturday that Pakistan has violated the understanding reached between DGMOs of the two countries earlier in the day on stoppage of firing and.. DNA
Earlier, at 4:39 am, the District Collector had also advised residents to keep lights off and avoid going near windows, roads, balconies, or terraces. DNA
Wing Commander Vyomika Singh says, "...Pakistan did not close its civil airspace despite it launching a failed unprovoked drone and missile attack on 7 May at.. DNA
While Pakistan has not officially explained the reason for the closure, reports suggest it could be related to India's airstrike on a site it called a terrorist.. DNA
Tensions soar as India and Pakistan exchange cross-border strikes
Protesters gathered in Karachi on Wednesday to condemn Indian missile strikes and voice support for Pakistan’s military, as tensions between the nuclear-armed neighbours continued to escalate.
READ MORE : http://www.euronews.com/2025/05/08/tensions-soar-as-india-and-pakistan-exchange-cross-border-strikes
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Following Indian airstrikes on terror bases in Pakistan and Pakistan-occupied Kashmir, a loud explosion was reported in Lahore, leading to temporary flight.. IndiaTimes
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