Saturday, July 7, 2018

#CHINA BUYS #PAKISTAN

Andrew Bolt



Pakistan has asked China to keep lending it money to prevent a foreign currency crisis, warning that Beijing's planned $60bn investment in the South Asian country was at risk if it failed to do so...
Over the last financial year ended June 2018, Pakistan borrowed $4bn from China according to government officials and wants to keep the money flowing to avoid having to ask the IMF for a bailout.
Officials in Islamabad have warned their Chinese counterparts that if the lending stops, it could threaten the future of the China-Pakistan Economic Corridor, the cornerstone of President Xi Jinping's Belt and Road Initiative.
They say that if Pakistan is forced to approach the IMF instead, it may have to disclose details of how the scheme is being funded...
The Pakistan government hasn't yet revealed that to even its own citizens?

https://www.heraldsun.com.au/blogs/andrew-bolt/china-buys-pakistan/news-story/ae376f09131d7686179385a941bb1bfb

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