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China approves $700M financing for Pakistan

Ishaq Dar announced the news on social media today.

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China approves $700M financing for Pakistan
GNN Media: Representational Photo

Islamabad: The Board of China Development Bank has approved the facility of US $700 million in financing for Pakistan.

Federal Finance minister Ishaq Dar Wednesday turned to Twitter and wrote: “This amount is expected to be received this week by State Bank of Pakistan,” adding that, it will shore up its forex reserves.

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