Islamabad, Jul 18 (PTI) Cash-strapped Pakistan has received a rollover of an additional USD 600 million loan from its all-weather ally China to help shore up the country's foreign exchange reserves on the back of an IMF deal, Prime Minister Shehbaz Sharif said on Tuesday.
It is in addition to the over USD 5 billion in loans that Beijing has rolled over for Pakistan in the last three months, helping the debt-ridden nation avert a default as negotiations to secure the IMF bailout dragged on, the Dawn newspaper reported.
Pakistan secured a last-gasp USD 3 billion bailout from the International Monetary Fund on June 30, which later disbursed an initial upfront instalment of about USD 1.2 billion.
