China to loan $2.1 billion to Pakistan

MG News | March 21, 2019 at 02:35 PM GMT+05:00

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March 21, 2019 (MLN): State Bank of Pakistan and Bank of China have signed an agreement, as per which China has agreed to loan $2.1 billion to Pakistan which will be transferred to the State Bank of Pakistan on Monday, sources within Ministry of Finance revealed.

The Ministry of Finance further apprised that all the relevant paperwork has already been looked after. Moreover, after this transaction, Pakistan’s foreign exchange reserves will rise to $17 billion.

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