Published On: Tue, Oct 16th, 2018

#CPEC Project: As #Pakistan Calls On #IMF For Bailout, #China Has Advice For Global Lender – The Chinese official said that judging from the debt structure already released by the Pakistani government, their debt incurred from the CPEC is not high.

China today said the global lender IMF should “objectively and professionally” evaluate its planned investments in Pakistan to ensure that any financial package does not affect close ties between Beijing and Islamabad.

Cash-strapped Pakistan has approached the International Monetary Fund or IMF for a bailout, and has agreed to share the details of huge Chinese loans obtained for the CPEC project.

Pakistan’s Finance Minister Asad Umar told reporters on Sunday that Islamabad is ready to share details of the debt related to the China-Pakistan Economic Corridor or CPEC with the IMF as he formally sought a bailout package from the international lender.

Read more: CPEC Project: As Pakistan Calls On IMF For Bailout, China Has Advice For Global Lender

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