Requesting a $2 billion loan rollover from China Pakistan
China is asked by PakistanISLAMABAD: Following its request for the same concession from the United Arab Emirates (UAE to rollover a $2 billion loan), Pakistan has asked China to extend the loan for an additional year.
Pakistan asks for a bribe after requesting the same concession from the United Arab EmiratesAccording to reports, Premier Li Keqiang received a letter in this respect from caretaker prime minister Anwaarul Haq Kakar.
The $2 billion loan deposit period is scheduled to end on March 23, 2024, and representatives of Pakistan’s finance ministry are in communication with Chinese authorities regarding the situation.
Regarding the situation, the Paki Ministry is in communication with Chinese officials.United Arab Emirates (UAE) gave the South Asian nation a respite from its economic crisis earlier this month by rolling over its $2 billion in deposits with State Bank of Pakistan (SBP) for an additional year.
X, which was formerly known as Twitter, the central bank verified the development.
In a post on the social media site X, which was formerly known as Twitter, the central bank verified the development.
over the issue with Chinese authorities.The Chinese government provided financial support to Pakistan, as acknowledged by UnitPM Kakar in a letter earlier this month. According to him, Pakistan was given a loan during a challenging economic period by their all-weather friend.(via Twitter, previously with State Ban).
