China extends loan of $2.1bn to Pakistan

By MG News | July 26, 2023 at 11:40 AM GMT+05:00

0:00

July 26, 2023 (MLN): China Exim Bank has approved extending Pakistan’s $2.1 billion loan for a time span of two years, according to the sources from Ministry of Finance.

The respective bank issued an official letter to the Pakistan authorities highlighting the extension of the aforementioned loan from July 21, 2023, to June 30, 2025, sources added.

Moreover, the bank further informed that Pakistan would not have to bare any additional markup on this extension.

It is worth noting that Exim Bank rolled over Pakistan’s $600 million loan on July 18 which helped increase the country’s Foreign Exchange Reserves.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	127,519.13 144.60M	1.51% 1891.82
ALLSHR	79,380.88 459.15M	1.01% 796.17
KSE30	38,837.55 47.22M	1.79% 683.77
KMI30	186,844.83 60.59M	1.06% 1958.34
KMIALLSHR	54,128.65 250.91M	0.68% 364.85
BKTi	32,666.70 30.02M	2.33% 745.02
OGTi	27,796.85 2.27M	0.08% 22.87

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,320.00	108,105.00 107,145.00	-915.00 -0.85%
BRENT CRUDE	66.73	66.73 66.34	-0.01 -0.02%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.09	65.10 64.67	-0.02 -0.03%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%