China has extended the repayment period for 2 years from July 2023 to June 2025.
Published 2 years ago on Jul 26th 2023, 3:26 pm
By Web Desk
China has granted approval for deferring Pakistan's 2.1 billion dollar loan, extending the repayment period for two years.
The Pakistani authorities were formally informed by China's Exim Bank through an official letter about the loan deferment.
According to the Ministry of Finance sources, Pakistan will not be required to pay any additional interest on the loan, as the repayment period of the loan agreements has been extended from July 21, 2023, to June 30, 2025.
It is worth noting that in June, China provided Pakistan with one billion dollars to help the country cope with its economic crisis.
CR450: World’s fastest bullet train hits track for trials in China
- 2 hours ago
Netflix’s Frankenstein jolts the classic tale with del Toro’s signature flair
- 16 hours ago
Sanae Takaichi elected Japan's first female prime minister
- 7 hours ago
UAB, interim Mortensen shock No. 22 Memphis
- 15 hours ago
Bollywood veteran actor Asrani passes away at 84
- 7 hours ago
Bringing justice closer to the people, SC launches new public facilitation portal
- 7 hours ago
Pokémon Legends: Z-A Rotom Phone review: better camera, higher jumps
- 16 hours ago
Sources: Vols' Vitello favorite to land Giants job
- 15 hours ago
Why world models are the next big thing in AI
- 16 hours ago
Fictional gadget reviews: exploring the latest in fantasy and sci-fi tech
- 7 hours ago
KP's fight against changing climate, conditions worse in 15 years
- 9 hours ago
Spotify says it’s working with labels on ‘responsible’ AI music tools
- 16 hours ago
You May Like
Trending
