China rolls over $2 bln loan to Pakistan as it struggles with external liquidity

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity

Locking in a rollover had been critical for Pakistan, where reserves have dipped to just four weeks' worth of imports and talks over an International Monetary Fund bailout tranche of $1.1 billion have hit a stalemate.

China rolls over $2bn loan to Pakistan, Dar confirms

Finance czar did not give the new maturity date or other terms of the arrangement

China rolls over USD 2 billion as loan to Pakistan: Finance Minister

Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt and dwindling foreign exchange reserves.

China rolls over $2 billion loan to debt-ridden Pakistan

Islamabad has been negotiating with the IMF since early February for the release of $1.1 billion from a $6.5 billion bailout package agreed in 2019.

China rolls over $2 bn as loan to Pakistan: Finance Minister Ishaq Dar

Cash-strapped Pakistan has received a rollover loan of USD 2 billion that matured last week from its "all-weather ally" China, finance minister Ishaq Dar said on Friday, a move that will help Islamabad secure the much-required bailout from the IMF.

China rolls over $2 bln loan to Pakistan: Finance minister

Pakistan’s finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the