China Rolls over $4.3 Billion Loan of Pakistan

China has rolled over 4.3 billion dollars loan of Pakistan.

According to Finance Ministry, Pakistan has been in communication with the Chinese authorities for the roll-over of all ongoing facilities upon their maturity.

Two facilities of worth 4.3 billion dollars matured in the month of March, of which SAFE deposits worth two billion dollars have been rolled over and the roll-over of the syndicate facility of RMB 15,000 million which is approximately 2.3 billion dollars is being processed.

These facilities are being used for balance of payments and budgetary support.