Image Credit: Getty

China has rolled over a $2 billion loan to Pakistan which matured last week

Image Credit: Getty

The rollover will provide relief to Pakistan in the midst of a balance of payment crisis

Image Credit: Getty

The rollover is critical for Pakistan as it only has four weeks' worth of imports in reserves

Image Credit: Getty

Talks over an IMF bailout tranche of $1.1 billion have hit a stalemate

Image Credit: Getty

Pakistan's finance minister confirmed the rollover and said all documentation had been completed

Image Credit: Getty

There has been no official statement from the Chinese government or central bank regarding the rollover

Image Credit: Getty

Beijing is Pakistan's only help so far, with refinancing of $1.8 billion credited to Pakistan's central bank last month

Image Credit: Getty

First Citizens Bank acquires Silicon Valley Bank's deposits and loans!

Chat Box