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China’s Funding to Pakistan Stands at 30% of Foreign Debt

  • Chinese debt to Pakistan is more than IMF, World Bank funding
  • IMF releases latest Pakistan report that includes debt details

About 30% of Pakistan’s foreign debt is owed to China, including state-owned commercial banks, compared with 27% in February, according to a report released by the International Monetary Fund on Thursday.

Chinese debt to Pakistan has been revised upwards by $4.6 billion to about $30 billion, the IMF report said, from $25.1 billion in February. Chinese support is triple the amount of IMF debt and more than the amount given by either the World Bank or the Asian Development Bank.