Pakistan awaits China's decision on rollover of $2 billion loan - government source
Such a rollover is critical for Pakistan, where foreign exchange reserves have dipped to just four weeks' worth of imports, at a time when it is seeking an IMF bailout tranche of $1.1 billion.
A formal announcement will be made, added the source, who spoke on condition of anonymity, without giving further details. As Pakistan struggles to avoid defaulting on its obligations, the only help so far has come from longtime ally Beijing, through a refinancing of $1.8 billion already credited to Pakistan's central bank.
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