In continuation of China s debt-diplomacy with Pakistan, a Chinese company Yutong Bus, a large-scale modern Chinese manufacturing company specialising in bus production, has accepted the offer to set up a public transport plant in Sindh.
Pakistan may fall into a debt trap like Sri Lanka due to its economic ties with China: Report shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.