“Although we are only in the first quarter of the 21st century, we have witnessed the rise of totalism and xenophobia, the terror inflicted by non-state actors, transnational crimes, armed conflicts in different parts of the world, debt traps, which stifle countries of the global South, pand...
Chinese Consul General in Lahore, Zhao Shiren, addressed the Faisalabad Chamber of Commerce & Industry (FCCI), emphasizing China’s assistance in alleviating Pakistan’s debt burden and promoting economic cooperation. Shiren highlighted China’s supportive stance in loan repayment and recent roll-over ...
In a bout of political triumphalism during its first year in power, the ruling Sharif government eradicated the circular debt but the paper chain around the power sector’s neck is now back to a figure of 577 billion rupees. Fuel payments – owed by power producers to Pakistan State Oil (P...
Many Western and Indian opponents claim that the cost of CPEC financing will be so high that Pakistan will not be able to bear it. They assert that China is attempting to catch Pakistan in a debt trap from which the country will not be able to escape, eventually turning it into a Chine...