US EditionChina rolls over $2 billion loan to Pakistan
- China extended the repayment period of Pakistan's $2 billion loan by one year, easing pressure on the country.
- The loan was initially due for repayment on March 24, but the deadline has been extended, providing crucial relief to Pakistan.
- Pakistan is seeking a fresh loan tranche from the International Monetary Fund, with negotiations currently ongoing.
- Islamabad secured a $7 billion Extended Fund Facility last summer to address its economic crisis.
22 Articles
22 Articles
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…
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.
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…
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…
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