70 million dollar loan from China approved

ISLAMABAD: Federal Finance Minister Ishaq Dar announced the receipt of 700 million (70 crore) dollars from China, the money is likely to be received by the State Bank next week.

According to the details, Federal Finance Minister Ishaq Dar said in his tweet on the social networking website Twitter that the board of the Chinese Development Bank approved 700 million (70 crore) dollars to Pakistan.

KHABRISTAN.PK

The finance minister says that according to the regulations, the affairs with the China Development Bank have been settled.

He further said that the State Bank is likely to receive money from China next week, depositing money in the State Bank will increase the foreign exchange reserves.

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