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 […]
[ Federal Minister for Finance and Revenue Mohammad Ishaq Dar on Wednesday shared with Donald Blome, the US Ambassador to Pakistan, the government’s measures taken to meet its financial obligations, according to a statement issued by the Finance Division. During the meeting, the finance minister shared economic policies and priorities of the government to address […]
[ 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 […]