Home / News / India News / Article /
Chinese investors ask 'iron brother' Pakistan to relocate funds as default risk gets real
Updated On: 08 May, 2024 08:50 AM IST | Islamabad | IANS
Pakistan is also expected to put forward its response during the Joint Working Group on Energy meeting in Beijing next week

Representational Image. Pic Courtesy/iStock
Pakistan's economic woes continue to dampen its credibility among global investors as now its closest ally, friend, and 'iron brother' China, too, has put forward a demand, which has forced emergency consultations in Islamabad.
Amid increased fears of a complete meltdown of the Pakistani economy leading to default, Chinese investors have told Islamabad to relocate funds in off-shore bank accounts to service debts sustained for establishing energy plants under the China-Pakistan Economic Corridor (CPEC).
How do you like the new new mid-day.com experience? Share your feedback and help us improve.

