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Pak pays over Rs 26 Billion as interest cost to China to repay debt

Shortpedia

Content Team
Image Credit: Shortpdia

Bearing the cost of failure of the ruling governments in Pakistan, the country has had to pay over Rs 26 billion in interest cost to China to repay a maturing debt in the fiscal year 2020-21, reported a local media. China's Belt and Road Initiative (BRI) has left scores of lower-and middle-income countries (LMIC) saddled with "hidden debts" totalling USD 385 billion, according to new research.