Pakistan's Weapon Imports from China Amplifying Economic Crisis? | Vantage with Palki Sharma

Islamabad has announced a $86 Million grant for PakistanOccupied Kashmir, amid protests in the region against high electricity prices. But can Pakistan afford the grant? Pakistan is mired in debt, with 42% of it being external debt. Islamabad owes foreign nations and institutions about $125 Billion. The lion's share of Pakistan's debt is owed to China. Islamabad pays China back both directly and indirectly. Direct loan repayments are supplemented with arms purchases. 82% of Pakistan's defence imports between 2019 and 2023 were from China. This includes big ticket items like submarines worth $45 billion, which Pakistan cannot afford amidst its economic crisis.



Pakistan | Weapons Imports | China | Economic Crisis | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#pakistan #weapons #import #china #economiccrisis #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a groundbreaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thoughtprovoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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