(Photo: Internet)
Islamabad: China has rolled over two billion dollar safe deposit loan for Pakistan.
According to Express News, the officials of the Ministry of Finance confirmed the safe deposit loan rollover by China and expressed hope that after China, Saudi Arabia and the United Arab Emirates are also expected to provide financing soon.
Sources in the Ministry of Finance say that another 300 million dollars are expected to come to Pakistan from China this month and foreign exchange reserves are expected to exceed 5 billion dollars this month.
The sources of the Ministry of Finance further say that China has delayed the return of the safe deposit of 2 billion dollars for one year, there is also hope for financing from Saudi Arabia and the United Arab Emirates, Pakistan has received an offer from the International Monetary Fund (IMF). ) confirmation of external financing is required for the agreement.
It should be noted that in the statement issued by the IMF, it has been said that after external financial assurances, Pakistan will be able to take the next step, Pakistan has to ensure financial support from other financial institutions and friendly countries.
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