China remains Pak's top bilateral creditor, share drops to 22%: World Bank

Q: How long will it take to read this news story?

The story "China remains Pak&#039;s top bilateral creditor, share drops to 22%: World Bank" has 775 words across 21 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "China remains Pak&#039;s top bilateral creditor, share drops to 22%: World Bank" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 243 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24117006</li><li>URL: https://beamstart.com/news/china-remains-paks-top-bilateral-17333100712657</li></ul>

Business Standard Logo Business Standard 2w ago

China remains Pak's top bilateral creditor, share drops to 22%: World Bank - Business Standard

Quick Summary:

The World Bank's International Debt Report 2024 released on Tuesday ranks Pakistan among the top three loan recipients from the International Monetary Fund (IMF) this year and also notes that Pakistan's high debt-to-export and debt-to-revenue ratios indicate a weakening fiscal position.

However, China's share in Pakistan's total external debt went down to 22 per cent compared to 25 per cent in 2023 with Saudi Arabia increasing its share from 2 per cent in 2023 to 7 per cent in 2024.

With almost USD 29 billion in loans, China continued to be Pakistan's largest bilateral creditor while Saudi Arabia emerged as the second largest bilateral lender with about USD 9.16 billion, a World Bank report has said.