Monday, August 15, 2022

Pakistan has again asked China to extend the repayment period of the ارب 2 billion loan

Pakistan has again requested China to extend the repayment period of the ارب 2 billion loan.

The government did not include چینی 4 billion in Chinese debt and at least 3 3 billion in IMF debt in next fiscal year’s budget. China’s 2 billion debt is about to be repaid.

According to officials, Prime Minister Shahbaz Sharif has formally requested the Chinese government to extend the repayment period of two ایک 1 billion loans. The IMF loan was not included in the external rebate.

Finance Minister Muftah Ismail had yesterday admitted that the non-inclusion of IMF and some Chinese loans in the budget was a mistake that would be rectified. Once this error is rectified, the volume of external assistance (external debt) for the fiscal year 2022-23 will reach a record 24 24 billion.

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