{"id":23685,"date":"2024-01-26T15:28:12","date_gmt":"2024-01-26T10:28:12","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=23685"},"modified":"2024-01-26T15:41:50","modified_gmt":"2024-01-26T10:41:50","slug":"pakistan-requested-china-to-extend-a-2-billion-loan","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-requested-china-to-extend-a-2-billion-loan\/","title":{"rendered":"Pakistan requests China to extend $2 billion loan"},"content":{"rendered":"<p>ISLAMABAD: Pakistan requested that China extend a $2 billion loan for an additional year after the United Arab Emirates (UAE) granted the same concession. According to reports, China&#8217;s Premier Li Keqiang received a letter from caretaker Prime Minister Anwaar-ul-Haq Kakar on this.<\/p>\n<p>The $2 billion loan&#8217;s deposit period is scheduled to end on March 23, 2024, and representatives of Pakistan&#8217;s finance ministry are in communication with Chinese authorities over the situation.<\/p>\n<p>Read More:\u00a0<em><strong><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pervaiz-elahi-taken-to-ric.html\">Pervaiz Elahi taken to RIC<\/a><\/strong><\/em><\/p>\n<p>In his letter, PM Kakar expressed gratitude to the Chinese authorities for providing Pakistan with financial support. He continued by saying that Pakistan received a loan from the all-weather ally when its economy was struggling.<\/p>\n<p>In order to give the South Asian nation a respite from its economic turmoil, the United Arab Emirates (UAE) rolled over its $2 billion in deposits with State Bank of Pakistan (SBP) for an additional year earlier this month.<\/p>\n<p>The central bank verified the development in a tweet published on the social networking site X, which was formerly known as Twitter.<\/p>\n<p>Read More:\u00a0<em><strong><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/dr-zeelaf-munir-appointed-as-honorary-consul-general-of-sweden-in-karachi.html\">Dr. Zeelaf Munir Appointed as Honorary Consul General of Sweden in Karachi<\/a><\/strong><\/em><\/p>\n<p>According to the official release, &#8220;UAE has confirmed rollover of its two US$1.0 billion deposits, each, placed with State Bank of Pakistan for another one year, which were maturing in January 2024.&#8221;<\/p>\n<p>Pakistan&#8217;s $2 billion existing debt was agreed to be rolled over by the UAE in January 2023, and the government was also given an additional $1 billion loan to help fortify its foreign exchange reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan requested that China extend a $2 billion loan for an additional year after the United Arab Emirates (UAE) granted the same concession. According to reports, China&#8217;s Premier Li Keqiang received a letter from caretaker Prime Minister Anwaar-ul-Haq Kakar on this. The $2 billion loan&#8217;s deposit period is scheduled to end on March 23, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":23686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[11000,10999,10998],"class_list":["post-23685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-2-billion-dollar-loan-from-china","tag-loan-from-china","tag-pakistan-asks-china-loan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/23685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=23685"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/23685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/23686"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=23685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=23685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=23685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}