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In a major d, Ministry of Finance sources told Geo News on Wednesday.
Pakistan has borrowed $2 billion from China on a 7.1% interest rate, the sources said, adding that the loan was maturing in the week of March.
Pakistan paid Rs26.6 billion in the last fiscal year to China, Saudi Arabia, and the United Arab Emirates (UAE) on the $9 billion deposits that these three nations placed with the State Bank of Pakistan.
The rollover will support the State Bank of Pakistan (SBP) depleting foreign reserves which stand at $8 billion.
Last month, caretaker Prime Minister Anwaar-ul-Haq Kakar wrote a letter to his Chinese counterpart Li Qiang, seeking the rollover of a $2 billion loan.
