In the backdrop of the major escalation by the US against China in the trade war through the Huawai freeze-out, there’s this news of Pakistan having to come clean on the amount of loans it has received from China.
From Eurasian Times –
Under pressure from the International Monetary Fund (IMF), Islamabad has disclosed every type of loan that Islamabad has received from its strategic ally, China. Foreign loan disbursements in Jul-Apr of the current financial year showed loans for the Karachi Nuclear Power Plants, known as K2 and K3, and China SAFE deposits as part of federal debt obligations.
Earlier, the $2 billion worth of China SAFE deposits, which Islamabad had received in July 2018, were shown on the books of the State Bank of Pakistan (SBP). SAFE is an acronym for the State Administration of Foreign Exchange managed by the Chinese central bank.