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Attacks on Chinese interests in Pakistan likely to continue

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Terms of Chinese debt to Pakistan not disclosed-U.S. Treasury official

David Malpass, the Treasury's undersecretary for international affairs, told a U.S. Senate Foreign Relations subcommittee hearing that the Trump administration was pushing for more transparency in Chinese lending, including to Pakistan.

. Current Affairs Digest by Dr Safdar Mahmood

Pakistan is likely to pay off an International Monetary Fund bailout before its loans from China come due, easing concerns that IMF funds will be used to pay back Chinese creditors, the U.S. Treasury's top diplomat said on Tuesday.

Pakistan is negotiating with the IMF over terms of its second bailout since 2013, a loan package valued at about $6 billion, according to local media, with a deal now expected in mid-January.

 

David Malpass- Us Department of Treasury

Pakistan batsman Babar Azam slams anchor Zainab Abbas.

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Pakistan is a major recipient of China's Belt and Road infrastructure initiative, with Beijing pledging to finance some $60 billion in port, road and railway projects there. But Pakistan's debt woes have prompted Islamabad to scale back some of the projects.

 

The Duel: Pakistan on the flight path of American power

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"One of the challenges is that in many cases they haven't disclosed the terms of that debt," Malpass said of the Chinese loans to Pakistan. "In general terms, we think the maturity of the Chinese debt comes after the IMF would have been repaid."

 

Press Review

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Posted on November 29, 2018

Nigerian President Buhari denies death and body double rumours.  

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Trump asks Pakistan PM for help with Afghan peace talks.

G20: US and China agree to suspend new trade tariffs

Cane growers start three-day protest.

 

 

 

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