China to Refinance $3.7 Billion in Commercial Loans to Pakistan
Beijing Steps In to Ease Islamabad’s Debt Pressure In a ”Significant Financial Development; China has Agreed to ”Refinance $3.7 billion Worth of Commercial Loans to Pakistan. This move is Expected To Provide much-needed fiscal relief to Islamabad as it grapples With Economic Instability,Balance of payments Issues”, and high “External Debt Servicing Costs. Loan Refinance Details … Read more