The Washington Times: U.S. balks at IMF bailout loan, fears Chinese debt trap for Pakistan

(AFP photo)
Updated 09 August 2018
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The Washington Times: U.S. balks at IMF bailout loan, fears Chinese debt trap for Pakistan

August 8: The Washington Times report by Natalie Malek and David R. Sands states that the International Monetary Fund may soon be caught in the crossfire of a fight between two of its biggest contributors, a clash that has only intensified in recent days. The Trump administration is balking at the prospect of a major bailout loan for Pakistan, saying that much of the debt was run up by accepting billions of dollars in Chinese infrastructure investment as part of President Xi Jinping’s ambitious Belt and Road Initiative.

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Global Times: CPEC boosts opportunity for Pakistan: experts

Updated 54 min 51 sec ago
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Global Times: CPEC boosts opportunity for Pakistan: experts

October 18 – Global Times states that the China-Pakistan Economic Corridor (CPEC) will play a great role in eradicating poverty in Pakistan by creating many employment and business opportunities, Muhammad Irfan, assistant professor of Economics at Comsats University Islamabad, said recently.
"You will need warehouses, factories, hotels, houses, hospitals, and schools along the roads built under CPEC. The important thing about CPEC is that it passes through a region where Pakistan has not spent much so far. It will remove the disparity between the regions. If the disparity decreases and income opportunities increase and deprived people have the option to earn well, it will change Pakistan as a whole," Irfan told Xinhua.

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