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Chinese investors ask 'iron brother' Pakistan to relocate funds as default risk gets real

Pakistan is also expected to put forward its response during the Joint Working Group on Energy meeting in Beijing next week

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Representational Image. Pic Courtesy/iStock

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).

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