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CPEC loans not responsible for Pakistan debt burden

CPEC loans not responsible for Pakistan debt burden

ISLAMABAD: Senior leader of Pakistan Muslim League-Nawaz and formerplanning minister, Ahsan Iqbal has rubbished the US statement that hugeChinese loans area responsible for Pakistan’s current economic challenges.

Former minister shared this on his twitter on Friday, Ahsan Iqbal, who wasalso a country’s focal person on China-Pakistan Economic Corridor in thePML-N government, informed that the payment of Chinese loan shall beginafter 2022 and that will not be more than 2 billion dollars per annum so itis wrong to blame Beijing deals for the economic mess.

Earlier, the US State Department spokesperson Heather Nauert has blamedCPEC agreements for Islamabad’s deteriorating financial situation.