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The support that China and Pakistan give each other is considered significant in global diplomacy, and has been compared to Israel–United States relations and Russia–Serbia relations. When confronted by US officials about Beijing's uncompromising support for Pakistan, Chinese General Xiong Guangkai famously said, "Pakistan is China's Israel."
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
ISLAMABAD (Reuters) -Pakistani Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the International ...
The US has expressed serious concerns about Pakistan’s debt to China. “We have been very clear about our concerns not just here in Pakistan, but elsewhere all around the world about Chinese debt, or debt owed to China,” said US State Department Counselor Derek Chollet during his visit to Islamabad on 15 February 2023. [106]
Experts have estimated that Pakistan would require nearly 40 years to pay back its debt to China. [155] A number of scholars have said that the CPEC "subordinates Pakistan's interests to China's", and the CPEC and Pakistan's growing economic dependence on China could become a threat to Pakistan's sovereignty.
Pakistan will pay $2.58 million in compensation to the families of five Chinese engineers who were killed in March when a suicide bomber targeted the vehicle carrying them in the northwest, the ...
Washington similarly targeted three China-based companies with sanctions in October 2023 for supplying missile-applicable items to Pakistan. Department spokesperson Matthew Miller said in a ...