Pakistan Seeks Loan From China, Again, In 'Debt Trap' Move

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  • Published On: November 01, 2024
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In this week's Wide Angle on India Ascends, in a dramatic turn of events, Pakistan is seeking another significant loan from China, $1.4 billion or 10 billion yuan. With soaring inflation and dwindling foreign reserves, Islamabad's plea underscores its reliance on Beijing for financial support. This potential deal raises questions about Pakistan's long-term economic stability and Beijing's increasing hold over it. As negotiations unfold, the implications for regional dynamics could be profound.

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