Afghanistan, Feb. 13 -- Pakistan has formally requested China to defer $3.4 billion in debt payments for two years as part of an effort to fulfill a crucial condition for the International Monetary Fund (IMF) loan program. Failure to secure this debt rescheduling before the upcoming IMF review talks in March 2025 could result in delays to the disbursement of loan tranches or even the cancellation of the $7 billion program. Deputy Prime Minister Ishaq Dar made the request during a visit to China. While Islamabad maintains that Beijing is willing to cooperate, some analysts have expressed doubt about whether the Export-Import (Exim) Bank of China will agree to defer payments on loans due from October 2024 to September 2027 before the IMF revi...
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