Chinese loan rollover of $2 billion to Pakistan in process -govt source


Reuters | Beijing | Updated: 30-03-2023 10:51 IST | Created: 30-03-2023 10:49 IST
Chinese loan rollover of $2 billion to Pakistan in process -govt source
Representative Image Image Credit: ANI
  • Country:
  • China

The rollover of a $2-billion Chinese loan to Pakistan that matured on March 23 is in process, a top government source told Reuters.

With the South Asian nation locked in unsuccessful talks to secure bailout funding from the International Monetary Fund (IMF), the rollover is critical for foreign exchange reserves that have dipped to just four weeks of import cover. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback