Chinese Investment in Pakistan: Approaching Towards Bankruptcy

Rahul Nath Choudhury ()
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Rahul Nath Choudhury: Indian Council of World Affairs

Chapter Chapter 7 in Mapping Chinese Investment in South Asia, 2023, pp 145-174 from Springer

Abstract: Abstract China has invested extensively in Pakistan and has also offered a huge volume of grants as aid and loan at a relaxed rate of interest over the last couple of decades. Several infrastructural facilities have been developed in Pakistan with Chinese capital. China is helping Pakistan to remove the infrastructural bottlenecks in Pakistan under the BRI scheme and has extended US$67 billion for this purpose. The loan of such an amount has created a financial crisis-like situation in Pakistan and has forced it to approach IMF and a few other agencies for bailout package. In this context, this chapter explains how the Chinese loans have created a debt trap and brought a financial disaster for Pakistan.

Keywords: China; BRI; Pakistan; Trade; CPEC; Gwadar (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-1385-5_7

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DOI: 10.1007/978-981-99-1385-5_7

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