Finance Minister Miftah Ismail Thursday said China has agreed to refinance a $2.3 billion loan to Pakistan, reported 24NewsHD TV channel.

Miftah Ismail said the agreement has been reached with China to delay loan repayments.

Miftah Ismail said Pakistan expected to receive $2.3 billion from China soon.

Miftah Ismail said that this would increase the country's foreign exchange reserves.

Reporter: Waqas Azeem