China rolls over $2.4 billion loan for two years for Pakistan

About a week ago Prime Minister of Pakistan, Mian Shehbaz Sharif had announced that china have rolled over $600 million loan for Pakistan, so Pakistan do not have to make immediate payments in these testing times. Recently another development came through, as the Exim Bank of China have rolled over the overall payments of $2.4 billion USD. These were the principal loan amounts which Pakistan had to pay this year, however they have been rolled over for two years by Chinese Exim bank. Pakistan is required to make the interest payments in these upcoming two years. The current finance minister, Ishaq Dar have recently announced the details of this development in his tweet on social media platform twitter, telling that […]