Pakistan, March 10 -- Pakistan has once again succeeded in positioning itself on the right side of global conflicts. At a time when the country was struggling to fulfil the IMF conditions, China has rolled over a $2 billion loan to Pakistan. For the country, it was a great challenge to repay China its loan because of the financial stresses.

In 2024, Pakistan had secured $7bn bailout package from International Monetary Fund (IMF). The first instalment of the loan is currently under review. There are many conditions that were yet to be met for the country to qualify for receiving an additional $1bn this year.

Taxing non-essential items and rationalizing government expenditures were the two main obstacles in the way to meet IMF criterion. ...