{"id":3888,"date":"2023-07-27T16:31:33","date_gmt":"2023-07-27T14:31:33","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3888"},"modified":"2023-07-27T16:31:33","modified_gmt":"2023-07-27T14:31:33","slug":"china-lends-a-helping-hand-to-pakistan","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3888","title":{"rendered":"China lends a helping hand to Pakistan"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">China has rolled over a $2.4 billion loan to Islamabad for a period of two years, a boost to its foreign reserves &#8211; Pakistan Finance Minister Ishaq Dar said on Thursday.<\/p>\n<p>This happened on the back of an IMF deal, which came only with tough conditions, but helped Pakistan to avert a default earlier.<\/p>\n<p>Now under this deal with China, Pakistan will pay only interest for the next two years. And there is a waiver on the principal amount of the loan.<\/p>\n<p>Beijing, which has pledged over $65 billion in building infrastructure in Pakistan as part of a Belt and Road Initiative (BRI), in recent months either rolled over or granted new loans worth around $5 billion to Islamabad.<\/p>\n<p>Meanwhile negotiations with the IMF dragged out over eight months, according to Prime Minister Shehbaz Sharif.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China has rolled over a $2.4 billion loan to Islamabad for a period of two years, a boost to its foreign reserves &#8211; Pakistan Finance Minister Ishaq Dar said on Thursday. This happened on the back of an IMF deal, which came only with tough conditions, but helped Pakistan to avert a default earlier. Now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3888"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3889"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}