Cash-strapped Pakistan Says China Agreed To Rollover $4.2 Bn Debt


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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 repeated requests to Beijing to rollover the debt and the latest request was made last week to the top Chinese leadership, according to the ministry officials. Beijing had given a commitment to the International Monetary Fund (IMF) in 2019 to rollover its debt until the Fund programme expires. During the visit of Prime...