ISLAMABAD: China has once again extended financial relief to Pakistan by extending the repayment period of a $2 billion loan to Pakistan by an additional year.
Recent reports reveal that China has agreed to postpone the loan repayment, originally due on March 24, in order to help stabilise Pakistan’s economy.
This extension will support Pakistan in maintaining its foreign exchange reserves and bolstering financial stability, according to the statement.
Over the years, China has consistently been a reliable partner for Pakistan, stepping in repeatedly to address the country’s financial challenges.
This latest decision carries particular significance as it comes at a time when Pakistan is facing severe economic difficulties, including a balance of payments crisis. The country is also in talks with multilateral lenders for additional financial support.
