Islamabad: China is likely to roll over the debt of Pakistan worth 2.3 billion dollars next month. According to sources, Pakistan has completed all payment arrangements till June, which means the country is not at risk of default.
Sources in the Ministry of Finance say that Pakistan has to repay the debt of about 3.7 billion dollars this month and in June.
Sources said China has assured Pakistan of helping the country meet two major loan repayments in June by providing fresh funds immediately after the payments. Sources have assured refinancing of Pakistan’s $1.3 billion trade loans and rollover of $1 billion Chinese government debt from China.