Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

Pakistan has sought an additional 10 billion yuan ($1.4 billion) loan from China as it has exhausted its current 30 billion yuan ($4.3 billion) trade facility. Finance Minister Muhammad Aurangzeb requested an increase in the limits under the currency swap agreement, which would bring the total facility to about $5.

Oct 28, 2024 - 00:30

Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

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Pakistan has sought an additional 10 billion yuan ($1.4 billion) loan from China as it has exhausted its current 30 billion yuan ($4.3 billion) trade facility. Finance Minister Muhammad Aurangzeb requested an increase in the limits under the currency swap agreement, which would bring the total facility to about $5.