Pakistan’s Growing Dependency on China

For several years now, Chinese financial assistance has been an important source of support for Pakistan’s economy. China was Pakistan’s largest lender in the year 2017. Since then, Chinese support has only further intensified; according to reports, China recently offered commercial loans worth $1 billion to Pakistan. There are additional reports suggesting China and Pakistan are presently deliberating signing another deal of perhaps about the same estimated value. While these events may allow room for some optimism regarding the future of Pakistan’s economy, with the country’s recent inclusion in the Financial Action Task Force (FATF)’s grey-list (to take effect in June), there is perhaps a need to exercise some caution in increasing dependency on China.

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