China extends loan of $2.1bn to Pakistan

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

Add Mettisglobal as a Trusted Source on Google

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	176,846.36 409.77M	-0.62% -1109.15
ALLSHR	107,272.74 784.99M	-0.45% -487.35
KSE30	52,438.23 109.21M	-0.80% -423.49
KMI30	248,794.52 113.36M	-0.65% -1628.55
KMIALLSHR	68,802.42 561.58M	-0.38% -262.45
BKTi	50,360.41 21.24M	-1.11% -567.14
OGTi	35,490.67 21.72M	0.06% 20.80

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,910.00	70,205.00 69,175.00	1335.00 1.95%
BRENT CRUDE	92.19	92.33 91.47	0.57 0.62%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	1.00 0.92%
ROTTERDAM COAL MONTHLY	122.50	122.50 122.50	-0.45 -0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.80	84.92 84.23	0.41 0.49%
SUGAR #11 WORLD	17.56	17.66 17.31	0.09 0.52%