A man works at a steel plant in Karachi. Pakistani banks are keen to finance projects under China’s belt and road trade and infrastructure plan, but most of the funding so far has come from Chinese lenders. Photo: Bloomberg

China’s belt and road trade plan bypasses Pakistani banks

Of the US$6 billion to US$7 billion worth of projects ongoing in South Asian country, local lenders have provided just US$470 million, analyst says

Topic |   Belt and Road Initiative

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A man works at a steel plant in Karachi. Pakistani banks are keen to finance projects under China’s belt and road trade and infrastructure plan, but most of the funding so far has come from Chinese lenders. Photo: Bloomberg
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