Dar hails receipt of $500m Chinese bank loan
By Our Correspondent
March 18, 2023
ISLAMABAD: Finance Minister Ishaq Dar said Friday that the State Bank of Pakistan had received a $500 million commercial loan in the form of refinancing from ICBC.
It would shore up Pakistan’s forex reserves. “AlhamdoLilah,” Ishaq Dar stated in a tweet on Friday. Now the foreign exchange reserves held by the SBP would go up to $4.8 billion, up from $4.3 billion last week.
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