Pakistan
Federal cabinet approves $2.4bn dollar loan from China
The 2.4 billion dollar loan from China will be received at a one percent margin.
ISLAMABAD: The federal cabinet on Saturday approved a 2.4 billion dollar loan from China.
The federal cabinet approved the acquisition of the loan through a summary circulation. The loan from China will be for three years.
The 2.4 billion dollar loan from China will be received at a one percent margin. The loan will be received under the 2019 agreement. The federal cabinet has approved the finance ministry’s summary.