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  3. $2.4 billion

    ISLAMABAD (AP) — 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.
    news.yahoo.com/pakistans-finance-minister-says-china-074900803.html
    news.yahoo.com/pakistans-finance-minister-says-china-074900803.html
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    Why has China rolled over a $2.4 billion loan to Islamabad?ISLAMABAD, July 27 (Reuters) - Pakistan Finance Minister Ishaq Dar said on Thursday that China has rolled over a $2.4 billion loan to Islamabad for a period of two years, a boost to its foreign reserves on the back of an IMF deal which helped it avert a default.
    Did China roll over a $2.4 billion loan for Pakistan?The Pakistani finance minister on Thursday, July 27, 2023, said China 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. (AP Photo/Alex Brandon, File) (ASSOCIATED PRESS)
    Is Pakistan extending a $2 billion loan to Islamabad?The $2 billion loan was due in March and has been extended for one year, Geo News which first reported the news said, citing sources in the Pakistan finance ministry. Beijing had communicated the decision to Islamabad, it added.
    Why did Pakistan get a loan from China Development Bank?The news of the loan from the state-owned China Development Bank came the day after Pakistan’s National Assembly unanimously passed a money bill to increase tax revenues.
     
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