China rolls over $2 billion loan to Pakistan

Dawn

Lean Left

Factuality

Ownership

Debt rollover by China gives govt breathing space

• Extension of $2bn loan deadline comes amid Pakistan-IMF talks • Govt official says move to ‘strengthen govt’s position’ during negotiations • Development to also help maintain forex reserves, keep rupee stable ISLAMABAD: China has extended the repayment period of a $2 billion loan to Pakistan by one year, offering much-needed financial relief and helping stabilise the country’s foreign exchange reserves. A senior official at the Ministry of Fi…

Latestly

Right

Factuality

Ownership

China Extends Repayment Period of USD 2 Billion Loan to Pakistan by One Year

Get latest articles and stories on World at LatestLY. China extended the repayment period of Pakistan's USD 2 billion loan by one year, easing pressure of the International Monetary Fund on the dollar-deficit country. World News | China Extends Repayment Period of USD 2 Billion Loan to Pakistan by One Year.

The Express Tribune

Center

Factuality

Ownership

China extends $2bn loan repayment for Pakistan by one year

China has extended the repayment period of a $2 billion loan to Pakistan by one year, offering crucial financial relief to the country, the finance ministry confirmed on Saturday. The loan was originally due for repayment on March 24, but China has agreed to defer it to support Pakistan’s economic stability and recovery efforts, the ministry said in a statement. “This extension will help Pakistan maintain its foreign exchange reserves and streng…

Reuters

NDTV

Lean Right

View article

The Straits Times

Lean Right

View article

ARY News

View article

Business Recorder

View article

Daily News Update

View article

newsindiatimes.com

View article

+6 Reposted by 6 other sources

Center

Factuality

Ownership

China rolls over $2 billion loan to Pakistan

China rolled over a $2 billion loan to Pakistan, the adviser to the finance minister of Pakistan, Khurram Schehzad, told Reuters in a text message on Saturday.

U.S. News

Lean Left

Factuality

Ownership

China Rolls Over $2 Billion Loan to Pakistan

Day News TV

Factuality

Ownership

Pakistan Seeks $4.4 Billion Loan to Ease Power Sector Debt

Pakistan’s government is negotiating a $4.47 billion loan with commercial banks to tackle its mounting energy sector debt. Government’s Plan to Tackle Circular Debt The loan, amounting to 1.25 trillion Pakistani rupees, will be repaid over five to seven years, according to Power Minister Awais Leghari. The government, which owns or holds significant stakes in most power companies, faces severe fiscal constraints in resolving the sector’s debt. T…