islamabadThere has been a big disclosure about Pakistan's Prime Minister Imran Khan's visit to China next week. Imran Khan is now going to spread his bag once again in front of China on the pretext of Winter Olympics. Imran Khan wants China to provide $ 3 billion in aid so that Pakistan's depleting foreign exchange reserves, which are going through the condition of pauper, can be stabilized. Not only this, Imran Khan will try to persuade China on CPEC, in which the dragon is furious over the delay.
Before coming to power, Imran Khan had promised the people of Pakistan that he would not take loans from abroad, but in his tenure till now, Imran Khan has broken all the records of taking loans. Imran Khan wants China to help in the field of finance, trade and investment. According to the Express Tribune report, a senior official of the country's Finance Ministry said that the government is considering to request China for another loan of $ 3 billion.
Pakistan Debt to China: Imran Khan drowned Pakistan in debt in 3 years, no money even to repay China's debt!
Pakistan paid 26 billion rupees as interest to China
So far, China has given a loan of about $ 11 billion to Pakistan through various channels. China has $16.1 billion in Pakistan's foreign exchange reserves. In return of this loan, Pakistan has paid 26 billion rupees as interest to China. Last month, Pakistan had taken a loan of $3 billion from Saudi Arabia. Even after so much debt, Pakistan's foreign exchange reserves are continuously decreasing.
Let us tell you that the Prime Minister of Pakistan, Imran Khan has drowned the country in debt during his tenure. The situation has become so bad that Pakistan does not even have money to pay off China's debt. Apart from China, Pakistan has also taken a huge amount of debt from United Arab Emirates (UAE), Saudi Arabia, World Bank, International Monetary Fund (IMF). The domestic and foreign debt on Pakistan has exceeded 50 thousand billion rupees. A year ago, every Pakistani had a debt of about 75 thousand rupees.
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IMF and Finch warn on Pakistan's debt
In April this year itself, the International Monetary Fund warned that Pakistan's public debt stability was continuing to weaken due to policy failures and rising contingency debt. In May, the international rating agency Finch gave Pakistan a B rating. Finch had said that this rating has been given after looking at Pakistan's weak public finances, weaknesses in external finances and failure of the government.
