China helped Pakistan avert currency crisis with $1.2bn loans: FT

[BetterPakistan]

Basically transfer of loans from International agency to China based agency?

Hedging all options in 1 basket is never a good approach. India had bad experience with Soviets in 1990.

Dude, Pakistan is not depending on China at all. I agree with you depending completely on one side is not good. Pakistan external public debt is about $60 bn and it is the first time Chinese assisted us in it and I don't think that returning the next $5-6 bn external debt from Chinese loans is a problem because they will give us loans on subsidized rates. When PML N government took power in 2013, Saudi government assisted us also by giving $1.5 bn interest free loan.