Pakistan may fall into a debt trap like Sri Lanka due to its economic ties with China: Report

Islamabad [Pakistan], June 30 (ANI): Pakistan may fall into a debt trap like Sri Lanka owing to its economic ties with China. Pakistan’s already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, an Italian publication, Osservatorio Globalizzazione reported. Meanwhile, at the end of March, the foreign exchange reserves held by the State Bank of Pakistan fell by a massive USD 2.915 billion, due to the repayment of external debt.

Pakistan may fall into a debt trap like Sri Lanka due to its economic ties with China: Report
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