💨 Abstract

China has extended a $2 billion loan to Pakistan, which is working to strengthen its finances after receiving a $7 billion IMF bailout in September 2024. The loan extension is subject to the success of the first installment of the IMF loan. Pakistan needs to repay over $22 billion in external debt in fiscal year 2025, including nearly $13 billion in bilateral deposits, according to Fitch.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖