ISLAMABAD: Finance Minister Ishaq Dar said that China has rolled over Pakistan's loan for years 2023-24 and 2024-25 amounting to Rs $ 2.4 billion. In statement on social networking website twitter, Ishaq Dar said that China had rolled over debt of 2.4 billion dollars due to Pakistan. He said that EXIM Bank of China had rolled over loan for two years, Pakistan will pay only interest in both years.

He said that tenure of all loan agreements had been extended from July 21, 2023 to June 30, 2025. Earlier, China had rolled over 600 million dollars of Pakistan's loan on July 18, which was confirmed by Prime Minister Shehbaz Sharif.

Addressing launching ceremony of Prime Minister's Youth Sports Initiative, Shehbaz said Exim Bank of China day earlier rolled over $ 600 million to Pakistan, adding that assistance from friendly countries was improving economic indicators in country.

Pakistan's foreign reserves had jumped by $ 4.2 billion during last four days, he said in reference to $ 2 billion deposit made by Saudi Arabia and another $ 1 billion received from United Arab Emirates.