Pakistan's public sector enterprises suffocate under mounting PKR 1.7 trillion debt

Jul 08, 2024

Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7...

China cuts down investment pledges for Africa amid mounting debt fears

May 09, 2022

Beijing [China], May 9 : While infrastructure projects are one of the main priority areas in China-Africa cooperation, Beijing has cut down on its...

Laos-China railway opens as experts raise concerns over mounting debt

Dec 03, 2021

Vientiane [Laos], December 3 : Laos has opened a USD 6 bn Chinese-built railway on Friday, the biggest public works project in its history,...

Sri Lanka succumbs to China's debt-trap diplomacy: Report

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy...

Once a sprawling conglomerate, China's biggest 'bad bank' stumbling with mounting debt

May 19, 2021

Hong Kong, May 19 : Once a sprawling Chinese financial conglomerate that had the trust of foreign investors -- Huarong -- is now under...

Pakistan may cede Gilgit Baltistan to China to pay off its mounting debts: Report

Jun 22, 2022

Gilgit Baltistan [PoK], June 22 : Pakistan may cede Gilgit Baltistan (GB), a Pakistan-occupied Kashmir region (PoK) to China on lease to pay off...