Pakistan Seeks Debt Relief from China Amid IMF Loan Conditions

Islamabad requests debt rescheduling to ease economic reforms under $7 billion IMF program

Finance Minister Aurangzeb held talks with Chinese officials to delay $16 billion in energy sector debt.
Pakistan aims to extend the term of a $4 billion cash loan facility from China.
Discussions include using locally-mined coal in Chinese-built power plants to reduce costs.
Pakistan is also negotiating with Saudi Arabia and UAE for financial assurances.
Fitch Ratings estimates Pakistan's funding need at $20 billion through June.