He said all concerned documentation had been completed. “I am happy to confirm that this had been rolled over on March 23,” Dar told the Senate, referring to the maturity date. Locking in a rollover had been critical for Pakistan, where reserves have dipped to just four weeks’ worth of imports and talks over an IMF bailout tranche of $1.1 billion have hit a stalemate. Finance minister Ishaq Dar said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the nation’s acute balance of payment crisis.
0 Comments
Leave a Reply. |