Chinese loan rollover of $2 billion to Pakistan in process
A man counts Pakistani banknotes along a roadside in Islamabad, Pakistan, November 16, 2017. REUTERS/Faisal Mahmood
The rollover of a $2-billion Chinese loan to Pakistan that matured on 23 March is in process, a top government source told Reuters.
With the South Asian nation locked in unsuccessful talks to secure bailout funding from the International Monetary Fund (IMF), the rollover is critical for foreign exchange reserves that have dipped to just four weeks of import cover.
