Pakistan takes $1.5 billion loan from China to repay debt to Saudi Arabia - India Today

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Source link: https://www.indiatoday.in/world/story/pakistan-takes-loan-from-china-to-repay-saudi-arabia-debt-1749176-2020-12-13
Published by: INDIA TODAY on 13 Dec 2020
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What is Saudi Arabia?
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) is a country in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km2 (830,000 sq mi), Saudi Arabia is geographically the largest sovereign state in the Middle East, the 2nd largest in

the Arab world (after Algeria), the 5th largest in Asia, and the 12th largest in the world. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south; most of its terrain consists of arid desert, lowland and mountains. As of October 2018, the Saudi economy was the largest in the Middle East and the 18th largest in the world. Saudi Arabia also enjoys one of the world's youngest populations; 50% of its 33.4 million people are under 25 years old.

Who are India Today?

What is Pakistan?
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the world's fifth-most populous country with a population exceeding 212.2 million. It has the world's second-largest Muslim population. It is the 33rd-largest country by area, spanning 881,913 square kilometres

(340,509 square miles). Pakistan has a 1,046-kilometre (650-mile) coastline along the Arabian Sea and Gulf of Oman in the south and is bordered by India to the east, Afghanistan to the west, Iran to the southwest, and China to the northeast.

What is China?
China, officially the People's Republic of China (PRC) is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019. Covering approximately 9.6 million square kilometres, it is the world's third or fourth-largest country by area. Governed solely

by the Chinese Communist Party (CCP), the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau. China is a unitary one-party socialist republic, and is one of the few existing nominally socialist states. Political dissidents and human rights groups have denounced and criticized the Chinese government for human rights abuses, including suppression of religious and ethnic minorities, censorship, mass surveillance, and their response to protests, notably in 1989.


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