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Monday, May 29, 2023

Difficult economic conditions, possibility of receiving an additional loan of 2.3 billion dollars from China

The good news for Pakistan’s difficult economic conditions is the possibility of receiving an additional loan of 2.3 billion dollars from China, sources from the Ministry of Finance
Pakistan is also likely to get more respite in debt repayment, sources from Ministry of Foreign Affairs and Finance
China is likely to receive $1.3 billion in trade debt refinancing, sources said
One billion dollars will be given to Pakistan from the funds of the Chinese government, sources from the Ministry of Foreign Affairs and Finance
Pakistan is likely to receive aid of up to 400 million dollars from friendly countries, according to the Ministry of Finance
Pakistan has to repay the loan of 3.7 billion dollars by the end of June
Domestic foreign exchange reserves have reached the level of 4.3 billion dollars, sources

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