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