The report issued by the International Monetary Fund Organization on Thursday (September 1) shows that, including the loan of state -owned commercial banks, the loan provided by China to Pakistan accounts for about 30%of Pakistan's foreign debt, which is higher than 27%in February.
Bloomberg reported that the report said that the Chinese debt owed by Pakistan's debt was about 30 billion US dollars (the same below, about $ 42.1 billion), which was US $ 4.6 billion over US $ 25.1 billion in February.China's financing support provided to Pakistan is three times the IMF, and it also exceeds the loan of the World Bank or the Asian Development Bank.
It is reported that these debts indicate that China is playing a similar role as IMF and provided financing during the international income and expenditure crisis, rather than preferential project financing like the World Bank.China's international revenue and expenditure debt support continues, and the loan of Pakistan is regularly transferred.
Pakistan received rescue from the IMF this week, avoiding an imminent breach of contract and getting additional support from friendly countries.China has transferred more than $ 4 billion loans, and Arab countries such as Saudi Arabia have also promised $ 9 billion investment and loans.
The Pakistani central bank said in July that Pakistan's foreign debt was low, mainly held by the public sector, and mainly from the preferential multilateral and bilateral sources.Foreign debt accounts for 36%of its total debt.
