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