Pakistan’s debt to China exceeds its debt to the IMF and World Bank.
According to the most recent International Monetary Fund (IMF) report, which includes state-owned commercial banks, 30% of Pakistan’s foreign debt is owed to China.
According to Bloomberg, who cited a document from the international lender, the debt has increased by 3% since February’s figures, when it stood at 27%.
According to the IMF report, Pakistan’s debt to China has increased from $25.1 billion in February to $30 billion after being revised upward by $4.6 billion.
According to the report, Chinese aid to Pakistan is three times bigger than IMF debt and exceeds total funding from the World Bank and Asian Development Bank.
According to a presentation the central bank presented in July, “Pakistan’s external debt is minimal, primarily owned by the public sector, and primarily sourced from concessional multilateral and bilateral sources.”36% of Islamabad’s total debt is made up of foreign loans.