China agrees to reschedule $2 billion debt of Pakistan

Islamabad : The Economic Coordination Committee of the Cabinet, chaired by FM Ishaq Dar approved the revised terms of the agreement reached between Islamabad and Beijing, according to senior Pakistani officials, a media report said.
hina has agreed to reschedule more than $2 billion debt of Pakistan for a period of two years, providing a major relief to the cash-starved country, which is in the process of rebuilding foreign exchange reserves through fresh loans.
The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Ishaq Dar on July 20, approved the revised terms of the agreement reached between Islamabad and Beijing, according to senior Pakistani officials (Agencies)