Bankrupt Pakistan’s foreign debt has doubled
The debt burden of Pakistan’s dwindling foreign reserves has created problems for the import-dependent country.
Indian and Russian firms awarded management of Sri Lanka airport financed through Chinese bank loan
Sri Lanka’s cabinet announced the approval of the management transfer of the China-funded Mattala Rajapaksa International Airport (MRIA) to Indian & Russian firms for 30 years.
Nepal’s development projects delayed due to delay from the Chinese companies
Selfish China takes advantage of the helplessness of developing nations. This shows how Nepal has self-destructed due to cooperation with China.
Every Indian has a debt of Rs 1,40,000
The International Monetary Fund (IMF) has told India that if the Government continues to borrow at the current pace, the country’s debt could reach 100% of the gross domestic product.
Debt of 10,40,000 crore rupees on Pakistan, one third of which lent by China alone
While the Pakistani populace grapples with starvation, the authorities are full of corruption. Consequently, global financial institutions such as the International Monetary Fund and the World Bank remain reticent in extending loans to Pakistan.
Pakistan should stop begging : Pakistan Army Chief
Pak Army Chief said that Pakistan is an influential and dynamic nation and it needs to become self-reliant.
Haj Yatra of Pakistani citizens may get cancelled : Loan default by PIA
Saudi Arabia’s General Authority of Civil Aviation has asked Pakistan’s state-owned aviation establishment, Pakistan International Airlines, to repay a debt of $4.8 million.