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Chinas Development Funding for Pakistan: 98% Loans, 2% Grants
The China-Pakistan Economic Corridor CPEC, a global infrastructure and investment initiative by Beijing, was launched in 2013. It is thought to be the largest partnership of Chinas Belt and Road Initiative BRI. It increased to over USD 62 billion over time, and at least USD 25 billion was invested in cash-strapped Pakistan....
Explained: What Is Wrong With Pakistan’s Economy?
As we write, Pakistan, which was teetering on the brink of a debt default, has averted a crisis, with reports suggesting that The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement. A ...
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