{"id":11282,"date":"2024-12-04T15:48:43","date_gmt":"2024-12-04T10:48:43","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=11282"},"modified":"2024-12-04T15:48:43","modified_gmt":"2024-12-04T10:48:43","slug":"china-has-become-the-largest-lender-to-pakistan-world-bank","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=11282","title":{"rendered":"China has become the largest lender to Pakistan: World Bank"},"content":{"rendered":"<p><strong>China has become Pakistan&#8217;s largest creditor with loans amounting to nearly $29 billion, according to a report by the World Bank.<\/strong><\/p>\n<p>The report states that Pakistan, with a population of 240 million, is among the top three countries borrowing from the IMF this year.<\/p>\n<p>The World Bank\u2019s International Debt Report indicates that Pakistan&#8217;s debt-to-exports and debt-to-income ratios point to a weak financial position.<\/p>\n<p>According to the World Bank, Pakistan\u2019s total external debt (including the IMF) in 2023 reached $130.85 billion, which is 352% of its total exports and 39% of its Gross National Income (GNI). Pakistan\u2019s external debt servicing is 43% of total exports and 5% of GNI.<\/p>\n<p>The report also reveals that China holds the largest share of Pakistan\u2019s debt, accounting for 22%, or approximately $28.7 billion. This is followed by the World Bank with 18%, or $23.55 billion, and the Asian Development Bank with 15%, or $19.63 billion. Saudi Arabia is Pakistan&#8217;s second-largest bilateral lender, with a total loan share of 7%, or about $9.16 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has become Pakistan&#8217;s largest creditor with loans amounting to nearly $29 billion, according to a report by the World Bank. The report states that Pakistan, with a population of 240 million, is among the top three countries borrowing from the IMF this year. The World Bank\u2019s International Debt Report indicates that Pakistan&#8217;s debt-to-exports and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[41,47,46],"tags":[116,399,4611,62,2171],"class_list":["post-11282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-important-news","category-latest","tag-china","tag-country","tag-loans","tag-pakistan","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/11282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11282"}],"version-history":[{"count":0,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/11282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/11284"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}