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  2. $2.4 billion

    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.
    www.reuters.com/markets/asia/pakistan-says-china-has-rolled-over-24-bln-loan-two-years-2023-07-27/
    www.reuters.com/markets/asia/pakistan-says-china-has-rolled-over-24-bln-loan …
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    Did China roll over a $2 billion loan to Pakistan?ISLAMABAD, Feb 28 (Reuters) - China has rolled over a $2 billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed in a response to Reuters on Thursday. 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.
    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.
    Why did China loan Pakistan $700m?China has agreed to loan Pakistan $700m (£580m) to help it weather its worst economic crisis in a generation, in a development that will intensify concern among western countries about cash-strapped Islamabad’s debt burden to Beijing. The loan comes on top of $30bn (£25bn) that Pakistan already owes China and Chinese commercial banks.
    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.
     
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