Pakistan To Receive $2.1bn Loan From China To Revive Economy
- 5 years ago
Pakistan's ministry of finance has announced that the state bank of Pakistan will receive a 15 billion Yuan loan, equivalent to $2.1bn, from china by tomorrow. According Pak the move will further strengthen foreign exchange reserves and ensure balance of payment stability. While the terms of aid is unclear. Pakistan's overtures to China was very clear on Pakistan's national day with 8 awards being given to the Chinese with hope to receive a bailout.