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.

Last Update

Jun 04, 2022 11:42 PM

GNN Media: Representational Photo

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.

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