Pakistan, Aug. 4 -- Pakistan has formally asked China to complete the refinancing of a $1.3 billion commercial loan at the earliest. Officials hope the funds will strengthen the country's foreign exchange reserves. Meanwhile, both sides are working to finalize the remaining terms and conditions.

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According to government sources, Pakistani and Chinese officials are holding discussions to speed up the refinancing process. They said the amount could be released later this month if both countries quickly finalize the required rules and agreements. Authorities remain optimistic about completing the process without major delays.

Finance Ministry sources said the expected inflow wo...