Islamabad: China is likely to rollover Pakistan’s debt of 2 billion 30 million dollars next month.
According to sources, Pakistan has completed all payment arrangements till June, which means the country is not at risk of default. Sources in the Ministry of Finance say that Pakistan has to repay about 3.7 billion dollars in this month and in June.
Sources say China has assured Pakistan of helping the country meet two major loan repayments 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.