Chinese debt trap: Pakistan owes 30% of its foreign debt to China, says IMF

Pakistan owes 30 per cent of its foreign debt to China, the latest report from the International Monetary Fund (IMF) said, which includes state-owned commercial banks, local media reported. Bloomberg, citing the global money lender’s document, reported that the debt is now 3% up as compared to February’s statistics – when it was at 27 per cent.