Islamabad (Daily Pakistan Online) There is a possibility that China will roll over the debt of 2 billion 30 million dollars of Pakistan next month.
According to Express News, Pakistan has completed all payment arrangements till June, which means that the country is not at risk of default. The Ministry of Finance says that Pakistan has to repay about 3.7 billion dollars this month and in June. China has assured Pakistan of helping the country meet two major loan payments in June by providing fresh funds immediately after the payments.
Sources have assured refinancing of Pakistan’s trade loans of $1.3 billion and rollover of Chinese government debt of $1 billion from China.