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Jameel Ahmad, governor of the State Bank of Pakistan.
Kamran Haider and
Malavika Kaur Makol
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Pakistan is pinning hopes that China will continue to ease its payments pressure by extending loans as concerns rise about the nation becoming the next emerging market to default.
The nation plans to repay a $300 million loan to China on Friday and another $1 billion loan will be rolled over by June 30, according to central bank Governor Jameel Ahmad. Pakistan also returned a separate $1 billion loan to China recently, he said.