China may not fund USD 60 billion BRI project as Pakistan's burgeoning debt rises

Islamabad: Beijing is backing away from Pakistan`s USD 60 billion commitment to the global Belt and Road Initiative (BRI), Asia Times reported.”The CPEC`s future is not only clouded by China`s apparent new, more conservative lending policy but also Pakistan`s overborrowing, which is fast driving the country toward a debt crisis. Pakistan’s debt to GDP ratio … Read more