Pak drowns in China's debt; Beijing rolls over more loan as Sharif struggles to keep economy afloat
Even as Pakistan's bailout talks with the IMF hit a stalemate, ally China has rolled over a $2 billion loan. The Chinese loan comes as a big relief to Islamabad as the country faces an acute balance of payment crisis. Reserves have dipped to just 4 weeks' worth of imports. China has provided the only help Islamabad has got so far, raising concerns in the West about cash-starved Pakistan's debt burden to China. --------------------------------------------------------------------------------- Website: indiadeafnews.org Email id: [email protected]
