Imran Khan Requests Chinese Premier To Refinance Loan As Economy Stays In Doldrums

n the midst of the economic downturn Pakistani Prime Minister Imran Khan China’s Prime Minister Li Keqiang has requested further refinancing of a RMB 15 billion loan, which was loaned to the country three years ago for another three years under existing conditions, local media reported.
Refinancing a loan refers to the process of borrowing a new loan to repay one or more outstanding loans. Read More…