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Pakistan to receive $700 million loan from China Development Bank - finance minister

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ISLAMABAD : The China Development Bank has approved a $700 million credit facility for Pakistan, the South Asian country's finance minister said on Wednesday.'This amount is expected to be received this week by State Bank of Pakistan which will shore up its forex reserves,' Finance minister Ishaq Dar said

FILE PHOTO: Pakistan's Finance Minister Ishaq Dar is seen after a party meeting in Islamabad, Pakistan September 26, 2017. REUTERS/Faisal Mahmood

FILE PHOTO: A woman takes pictures of the China Development Bank booth at the 2021 China International Fair for Trade in Services in Beijing, China September 3, 2021. REUTERS/Florence Lo

 

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