whatsapp-logo+92 300 859 4219 , +92 300 859 1434

   Cash On Delivery is Available

whatsapp-logo+92 300 859 4219 , +92 300 859 1434

   Cash On Delivery is Available

Pakistan ‘seeks’ rollover of $2bln mortgage from China

Pakistan ‘seeks’ rollover of $2bln loan from China
Caretaker Prime Minister Anwaarul Haq Kakar has formally requested China’s envoy for a debt rollover of $2 billion in a letter.

Kakar is in search of an extension of the mortgage fee interval for one 12 months, with ongoing discussions between the Ministry of Finance and Chinese language officers for the doable rollover.

Beneath the present phrases and situations, Pakistan is obligated to deposit the $2 billion mortgage by March 24, 2024.

In his letter, Kakar expressed gratitude to China for its monetary help throughout the financial disaster. The transfer comes after Pakistan just lately secured a protected deposit of a $4 billion mortgage, assuaging mounting strain on exterior debt funds and stabilizing international change reserves.

Sources reveal that the formal discussions between the Ministry of Finance and Chinese language officers are progressing, indicating the potential of a one-year rollover for the $2 billion mortgage.