China roles over principal amount of $2.4b loan for two years: Dar

Islamabad: Finance Minister Ishaq Dar has said that China has rolled over the principal amount of 2.4 billion dollars loan for two years.

Chinese EXIM Bank has rolled over for 2 years principal amounts of following loans totalling US$ 2.4 billion which are due in next 2 fiscal years:

FY2023-24: US$1.2 billion
FY2024-25: US$ 1.2 billion

Pakistan will make interest payments only in both years.

— Ishaq Dar (@MIshaqDar50) July 27, 2023

In a tweet on Thursday, he said that Pakistan will make interest payments of the said loan only in next two years.