DHAKA : Global media and numerous “experts” routinely assert that Sri Lanka was forced to cede a strategically important port to China after being lured into a debt trap by easy Chinese loans.
This story has now become part of the wider narrative of how China is using the Belt and Road Initiative (BRI) to achieve its diplomatic and strategic aims through debt diplomacy. But it is a story based more on fiction than fact.
Sri Lanka did (and still does) face a debt crisis.
ISLAMABAD: The Rawalpindi Chamber of Commerce and Industry (RCCI) continued to strengthen Pakistan’s international engagement in the healthcare and wellness...
KARACHI: A planned $3 billion investment by Hong Kong-based Hutchison Ports to expand container handling facilities at Karachi’s ports has...
QUETTA: Pakistan Customs has announced the auction of multiple overstay consignments of Light Aliphatic Hydrocarbon Solvent, commonly known as White...
LAHORE: A dispute between the All Pakistan Textile Mills Association (APTMA) and the Federal Board of Revenue (FBR) has intensified...
