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
Pakistan, Kyrgyzstan vow to boost ties in diverse fields
- 12 hours ago
Wooting’s 60HE v2 is a solid upgrade to the best gaming keyboard
- 12 hours ago
Spotify Wrapped 2025 turns listening into a competition
- 12 hours ago
PM Shehbaz approves appointment of Field Marshal Syed Asim Munir as COAS, CDF
- 5 hours ago
Texas jumps to No. 2 behind UConn in AP Top 25
- 9 hours ago
The alt-right won
- 19 hours ago
Republicans ask the Supreme Court to gut one of the last limits on money in politics
- 19 hours ago
Republicans want the Supreme Court to save them from their own inept mistake
- 19 hours ago
The Case for Growth
- 19 hours ago
Dar meeting with the President of Kyrgyzstan: reaffirmation of commitment to strengthening bilateral cooperation
- 12 hours ago
Kiffin takes LSU job, won't finish year with Rebels
- 9 hours ago
Apple will reportedly refuse India’s order to preinstall a government app
- 12 hours ago
