China approves US$1.3b loan rollover for Pakistan, says finance minister

  • 📰 malaymail
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

ISLAMABAD, March 3 — Industrial and Commercial Bank of China Ltd (ICBC) yesterday approved a rollover of a US$1.3 billion (RM5.8 billion) loan for cash-strapped Pakistan, which...

ISLAMABAD, March 3 — Industrial and Commercial Bank of China Ltd yesterday approved a rollover of a US$1.3 billion loan for cash-strapped Pakistan, which will help shore up its depleting foreign exchange reserves, Finance Minister Ishaq Dar said.

He said Pakistan will need US$5 billion external financing to close its financing gap this fiscal year, which ends in June.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines