Times of Islamabad

Pakistan seek 4.9 billion loan from China under CPEC projects

Pakistan seek 4.9 billion loan from China under CPEC projects

ISLAMABAD – Minister for Planning and Development Asad Umar has saidPakistan has a serious debt problem and the issue can be tackle by increasein exports.

Speaking at a seminar in Islamabad on Wednesday, he said there is nothingto hide about China Pakistan Economic Corridor.

He said China gave Pakistan loans of four point nine billion US Dollarsunder CPEC.

The Minister said intra-regional trade is important for economic growth andat present the East Asian countries has intra-regional trade oftwenty-seven percent of their gross domestic product.