Pakistan’s Prime Minister, Shehbaz Sharif, has praised China for rescuing his country, amid concerns that Pakistan could be the next emerging market to default. Amid a delay in an agreement expected with the International Monetary Fund (IMF), China has extended annual loans to Pakistan for years, and plans to roll over debt worth $2.3bn in June after having extended another $2bn in March, according to reports. In addition, China is ready to extend further loans as required, seemingly easing any payment concerns for Pakistan. Sharif added that when faced with economic challenges, China once again came to our help.
Pakistan’s Shehbaz Sharif lauds China for rescuing the country
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