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Pakistan receives USD 2 billion rollover deposits from China to get IMF bailout: Report

Summary by Ground News

Pakistan is scrambling to increase its forex reserves which are estimated to be at $4.8 billion after China refinanced $500 million last week. Despite a slight improvement in the reserves, the situation is still grim as the country needs to pay $7 billion till June this year, making further borrowing necessary.

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Indian Express

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Pakistan receives USD 2 billion rollover deposits from China to get IMF bailout: Report

Pakistan and the IMF have been negotiating the release of a USD 1.1 billion loan since February but so far without any success due to the tough conditions by the donor which Pakistan is slow to fulfil.

2 years ago·India

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Times of India

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Pakistan gets $2bn rollover deposits from China for IMF bailout: Report

Pakistan News: ISLAMABAD : Cash-strapped Pakistan has received a rollover of $2 billion in deposits for a period of one year from its all-weather ally China to help .

2 years ago·India

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