Chinese commentators have said that there are limits to how much Beijing can help. But China also wants the US to stay out of the current crisis in Pakistan
Pakistan Commerce Minister told Reuters the meeting could help boost bilateral trade in goods and services, which the Pakistani embassy said now totalled about $12 billion.
Some experts think the situation in Pakistan is so bad that large fundamental changes to the economy are needed. But none of its political parties are willing.
Borrowing $10bn for ML-1 could create additional risks for Pakistan as China accounts for 30% of its foreign debt. Analysts draw parallels with Sri Lanka's 'poor' borrowing choices.
Pakistan Finance Minister Ishaq Dar had earlier said that Islamabad wanted to have the crude oil deal with Moscow on terms similar to those agreed for New Delhi.
Dar, 72, is a chartered accountant who had served as finance minister thrice in the past. He faces the daunting task of stabilising Pakistan's economy which has been in a tailspin.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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