China rolls over $2.4 bn loan for Pakistan: finance minister ...Kuwait

Pakistan's finance minister on Thursday said China has rolled over a $2.4 billion loan for the cash-strapped Islamic nation for two years, a move aimed at helping the country overcome one of its worst economic crises. The latest extension in loan maturities by Beijing was a boost to Pakistan's fragile foreign exchange reserves, which are still only enough to pay the import bill for a period of two months. In a post on the X platform, formerly known as Twitter, Ishaq Dar said the Chinese EXIM Bank rolled over for two years the “principal amounts” of the $2.4 billion loan, which Islamabad was to have paid back in 2024 and 25. However, he said Pakistan would now only ma

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Last updated : 27 July 2023 clock 12:08 PM

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