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Pakistan is grappling with an escalating debt crisis, with China now being its largest creditor, holding nearly $29 billion in loans. A nation of 240 million people, Pakistan also ranks among the top three International Monetary Fund (IMF) loan recipients in 2023, as highlighted in the World Bank’s latest International Debt Report. The report reveals…
The government of Pakistan is planning a major strategy to revitalize its Special Economic Zones (SEZs), with a pilot project in the works to transfer management of Karachi Industrial Park (KIP) to China. A senior official shared that this development is part of the China-Pakistan Economic Corridor (CPEC), which includes nine SEZs across Pakistan. The…