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China agrees to refinance 2.3b loan to Pakistan, says Miftah Ismail

June 2, 2022 07:42 PM


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Finance Minister Miftah Ismail Thursday said China has agreed to refinance a $2.3 billion loan to Pakistan, reported 24NewsHD TV channel.

Miftah Ismail said the agreement has been reached with China to delay loan repayments.

Miftah Ismail said Pakistan expected to receive $2.3 billion from China soon.

Miftah Ismail said that this would increase the country's foreign exchange reserves.

Reporter: Waqas Azeem



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