The State Bank of Pakistan has received the first installment of 500 million dollars.
Islamabad: Finance Minister Ishaq Dar says that the Chinese Bank ICBC has approved rollover of 1.3 billion US dollar loan after completing the necessary formalities.
In a tweet tonight, the minister said Pakistan will receive this amount in three installments. The State Bank of Pakistan has received the first installment of 500 million dollars.
He said the loan facility will increase forex reserves.
Formalities completed & Chinese Bank, ICBC approved rollover of US$1.3 billion facility which has been repaid by Pakistan to ICBC in recent months. Facility will be disbursed in 3 instalments, first one of US$500 million has been received by SBP. It will increase forex reserves!
— Ishaq Dar (@MIshaqDar50) March 3, 2023
Freshman phenoms, courtside celebrities and a rapid fall from grace: The moments that defined John Calipari at Kentucky
- 10 hours ago
The real stakes of the war for your attention
- 9 hours ago
Two arrested in connection with firing on assistant commissioner Kurram
- an hour ago
China’s DeepSeek AI is hitting Nvidia where it hurts
- 11 hours ago
At least 56 Killed in Sudan's ongoing conflict
- 3 hours ago
From Chennedy Carter to Satou Sabally: Top remaining WNBA free agents by position
- 10 hours ago
JCP greenlights 10 additional judges for Peshawar High Court
- 2 hours ago
Bushra Ansari criticizes fake news YouTubers in latest vlog
- 39 minutes ago
iPhone SE 4 appears in new photos and video, notch and all
- 11 hours ago
‘Global trade war’: Trump imposes tariffs on Mexico, Canada, and China
- 2 hours ago
COAS Munir vows to eliminate terrorists after soldiers martyred in Balochistan
- 17 hours ago
From The Fridge to the Philly Special, cashing in on eccentric prop bets is a Super Bowl tradition
- 10 hours ago
