According to specifics, sources added, Pakistan and China will form a cooperative working committee to enable the loan rescheduling.
The topic of China’s energy circular debt, which is presently valued at Rs 480 billion, will also be discussed.
The Finance Minister will converse about the Panda Bond as well. During this visit, Pakistan hopes to obtain a $250 million Panda Bond.
China rolled over a $2 billion loan to Pakistan earlier this year.
The $2 billion loan was extended for a year and was due in March. It further stated that Beijing has informed Islamabad of the decision.
The International Monetary Fund granted Pakistan’s cash-strapped economy a $3 billion standby arrangement last summer, but the country is still battling to recover from the financial crisis.
According to ratings firm Fitch, one of the top concerns facing the incoming government would be obtaining funding from bilateral and multilateral partners due to Pakistan’s precarious foreign situation, as was stated last week.
