China extends helping hand

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China -rolls-over-$2-billion-loan-to-Pakistan

China rolls over $2 billion loan to Pakistan 

China rolls over $2 billion loan to Pakistan, Financial relations between Pakistan and China greatly improved after China agreed to pay off Pakistan’s billion-dollar debt. With the massive loan first taken out at a 7.1% interest rate and expiring in March, Pakistan’s economy might be in jeopardy. Nevertheless, Pakistan was able to obtain a prolongation […]
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