Defence Monitor

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Why China may not lift ‘iron-brother’ Pakistan out of its economic mess

Why China may not lift ‘iron-brother’ Pakistan out of its economic mess

New Delhi, May 19: Will China come to the rescue of cash-starved Pakistan, which is inching closer to a default amid delay in revival of the $6.5 billion loan from the International Monetary Fund (IMF) China has not made any statements over the deepening political crisis in the South Asian nation but concerns have risen. "China's stakes in Pakistan are high. It also needs Pakistan to contain India but the moot question is whether Beijing will be willing to completely bailout Pakistan. That is a matter of debate," an analyst told India Narrative. Global ratings agency Moody's has already warned…
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