PM Shehbaz Writes Letter To China Requesting Debt Reprofiling | AljazairNews

Prime Minister Shehbaz Sharif on Friday said that he had written a letter to the Chinese government requesting debt reprofiling for Pakistan in an apparent bid to secure the International Monetary Fund’s approval for a $7 billion economic bailout by next month.

Earlier this week, a Dawn report confirmed that Pakistan had sought the reprofiling of more than $27 billion in debt and liabilities with friendly nations — China, Saudi Arabia, and the UAE — to secure a 37-month International Monetary Fund (IMF) bailout package and ease energy sector foreign exchange outflows and consumer tariffs.

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