Pakistan under $30 billion Chinese debt burden as CPEC crawls
New Delhi, Dec 1 (IANS) China-Pakistan Economic Corridor (CPEC) has significantly increased Pakistan’s external obligations to China as its now constitutes approximately $30 billion of the country’s external debt. High loan interest rates and foreign currency financing create serious debt pressure, making successful project implementation more vulnerable to economic and political risks, according to an article in a Kyrgyzstan newspaper.