SBP receives $700mn from China Development Bank, says Ishaq Dar
Pakistan has received a much needed boost to its foreign exchange reserves with the State Bank of Pakistan receiving $700 million from China Development Bank. The funds come at a time when the country’s bailout programme with the International Monetary Fund (IMF) remains stalled, and foreign exchange reserves held by the SBP had increased by […]
China Development Bank approves $700mn facility for Pakistan: Dar
[ The Board of the China Development Bank (CDB) has approved the disbursement of $700 million for Pakistan, said Federal Minister for Finance and Revenue Ishaq Dar on Wednesday. “Formalities completed and Board of China Development Bank has approved the facility of $700 million for Pakistan,” Dar announced in a post on Twitter. “This amount […]