Pakistan expects $2bn debt roll over

MG News | May 25, 2023 at 11:08 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 25, 2023 (MLN): Pakistan is expecting China's assistance in rolling over more than $2 billion in debt due next month as the country remains on guard against other looming repayment deadlines.

With Pakistan's critical International Monetary Fund (IMF) lending program at a halt, the nation is facing around $3.7 billion in debt obligations scheduled for payment in May and June.

Two senior Pakistani officials said Beijing had committed to help the country meet two crucial debt repayments in June worth a total of $2.3bn by providing fresh funds immediately after Pakistan makes the payments, as Financial Times reported.

The refinancing of the commercial loans worth $1.3bn and a Chinese government loan of $1bn would help Pakistan avert immediate default, the Pakistani official said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,092.32 74.65M	0.70% 1245.95
ALLSHR	107,959.33 126.44M	0.64% 686.59
KSE30	52,895.00 13.47M	0.87% 456.78
KMI30	251,199.25 19.32M	0.97% 2404.73
KMIALLSHR	69,298.55 97.23M	0.72% 496.13
BKTi	50,687.88 1.35M	0.65% 327.47
OGTi	36,040.14 6.04M	1.55% 549.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,515.00	70,205.00 69,100.00	940.00 1.37%
BRENT CRUDE	91.87	92.33 91.47	0.25 0.27%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	1.00 0.92%
ROTTERDAM COAL MONTHLY	122.50	122.50 122.50	-0.45 -0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.53	84.92 84.23	0.14 0.17%
SUGAR #11 WORLD	17.56	17.66 17.31	0.09 0.52%