News Snapshot:
Pakistan has said that China agreed to rollover USD 4.2 billion debt that was maturing this week, providing a major financial relief to the cash-strapped country. The USD 2 billion loan by China's State Administration of Foreign Exchange (SAFE) has been rolled over, The Express Tribune quoted Finance Minister Shaukat Tarin as saying. The SAFE deposit loan matured on Wednesday. Tarin said that the visiting Chinese Foreign Minister Wang Yi also conveyed on Tuesday China's willingness to rollover another USD 2.2 billion Chinese commercial loan. The USD 2.2 billion (15 billion yuan) facility was maturing on Friday. Pakistan had made...
