Friday, September 20, 2024
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HomeEconomyChina To Rollover More than $2 billion In Debt

China To Rollover More than $2 billion In Debt

Financial times ne Thursday ko report kiya hai ke jab Pakistan International Monetary Fund (IMF) se critical pending loan hasil karne ke liye struggles kar raha hai, China ki taraf dekh raha hai ke wo next month more than $2 billion debt rollover kardega.

Islamabad ab bhi other repayment deadlines ko pora karne ke tariqon par gor kar raha hai ku ke mulk ke pas is month or June mein approximately $3.7 billion ka foreign country in debt hai jab ke is ke current foreign exchange reserves sirf $4.3 billion hai.

Senior officials ne publication ko bataya ke Beijing ne Pakistan ki janib se debt repayments ke foran bad fresh funds provide kar ke june mein $2.3 billion worth ke debts ki 2 critical payments ko pora karne main help karne ke liye committed kia hai.

Officials ka kehna hai ke $1.3 billion ke commercial loans ki refinancing or $1 billion ke Chinese Government loan se Pakistan ko fori tor par default se bachne mein help mile gi.

Note kia jaye ke china is saal ke shuru mein Pakistan ko pehle hi loans de chuka hai or China ke foreign Minister Qin Gang ne bhi isi month ke start mein Pakistan visit par Beijing ki janib se Country ke liye financials support ke liye reiterate kiya tha. Chinese Government ne last development par comment karne ki request par koi respond nahi kiya.

Default ke possible risk ke according analysts ka kehna hai ke wo expect kartay hain ke Pakistan ko close allies main se ek se relief mil sakta hai.

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