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The Independent UK
The Independent UK
National
Munir Ahmed

Pakistan's finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years

Copyright 2022 The Associated Press. All rights reserved.

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.

The latest extension in loan maturities by Beijing was a boost to Pakistan's fragile foreign exchange reserves, which are still only enough to pay the import bill for a period of two months.

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