Pakistan Seeks Aid to Address Debt Crisis
- Pakistan requests $2 billion financial assistance from China to rollover maturing loan
- Pakistan has received $4 billion in loans from China previously to stabilize reserves
- UAE rolled over $2 billion loan, Saudi Arabia deposited $5 billion recently
- Caretaker government approached IMF regarding final $1.2 billion loan tranche
- Pakistan faces risk of default with $125 billion external debt owed by 2023, one-third to China