Which term describes the mechanism by which Pakistan rescheduled payments on CPEC-related Chinese commercial loans during 2023 economic crisis negotiations?
Q1. Which term describes the mechanism by which Pakistan rescheduled payments on CPEC-related Chinese commercial loans during 2023 economic crisis negotiations?
Answer: Debt Rollover
Explanation: Pakistan secured a rollover — or debt rollover — of Chinese commercial loans, meaning repayment deadlines were extended without reducing the principal owed, allowing Pakistan to avoid immediate default while preserving the debt on its balance sheet.