{"id":27,"date":"2023-08-08T09:11:14","date_gmt":"2023-08-08T09:11:14","guid":{"rendered":"http:\/\/localhost\/Tat\/?p=27"},"modified":"2023-08-08T09:36:43","modified_gmt":"2023-08-08T09:36:43","slug":"pakistans-finance-minister-says-china-rolls-over-2-4-billion-loan-for-islamabad-for-2-years","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=27","title":{"rendered":"Pakistan\u2019s finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"739\" height=\"406\" src=\"http:\/\/localhost\/Tat\/wp-content\/uploads\/2023\/08\/3.png\" alt=\"\" class=\"wp-image-28\" srcset=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/08\/3.png 739w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2023\/08\/3-300x165.png 300w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/><\/figure>\n\n\n\n<p>Pakistan\u2019s finance minister on Thursday said China has rolled over a $2.4 billion loan for the cash-strapped Islamic nation for two years, a move aimed at helping the country overcome one of its worst economic crises.<\/p>\n\n\n\n<p>The latest extension in loan maturities by Beijing was a boost to Pakistan\u2019s fragile foreign exchange reserves, which are still only enough to pay the import bill for a period of two months.<\/p>\n\n\n\n<p>In a post on the X platform, formerly known as Twitter, Ishaq Dar said the Chinese EXIM Bank rolled over for two years the \u201cprincipal amounts\u201d of the $2.4 billion loan, which Islamabad was to have paid back in 2024 and 25.<\/p>\n\n\n\n<p>However, he said Pakistan would now only make interest payments in both years. China is a longtime friend of Pakistan and it has played a key role in helping Pakistan avoid a default this year, though there has been concern in the country about how Islamabad would repay the growing Chinese loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s finance minister on Thursday said China has rolled over a $2.4 billion loan for the cash-strapped Islamic nation for two years, a move aimed at helping the country overcome&hellip; <\/p>\n","protected":false},"author":1,"featured_media":28,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/27\/revisions"}],"predecessor-version":[{"id":29,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/27\/revisions\/29"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/28"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}