Recent Report: China🇨🇳 rolls over $3.4 billion of commercial #loans to Pakistan🇵🇰
China has extended a financial boost to Pakistan by rolling over $3.4 billion in loans, according to a finance ministry source, news agency Reuters reported. This includes the continuation of a $2.1 billion deposit held with Pakistan's central bank for the past three years and the refinancing of a $1.3 billion commercial loan that was repaid earlier.
Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the source said.
