Pakistan has requested China to reschedule Rs 28,000-crore debt for two years to bridge a foreign funding gap identified by the International Monetary Fund, according to a media report on Saturday.

This is the second time in the past five months that Islamabad has requested Beijing to reschedule loans provided by its Exim bank. Pakistan’s Deputy Prime Minister Ishaq Dar made the formal request during this week’s visit to Beijing, The Express Tribune newspaper reported, quoting government sources. Pakistan requested the Export-Import (Exim) Bank of China to consider rearrangement of its loans due from October 2024 to September 2027, said the government officials.