Finance Minister Miftah Ismail m on announced that a loan of $2.3 billion from a Chinese consortium of banks had been credited to the Pakistan State bank’s account.
“I am pleased to announce that Chinese consortium loan of RMB 15bn (roughly $2.3bn) has been credited into State Bank of Pakistan (SBP) account today, increasing our foreign exchange reserves,” Miftah said on Twitter.
I am pleased to announce that Chinese consortium loan of RMB 15 billion (roughly $2.3 billion) has been credited into SBP account today, increasing our foreign exchange reserves.
— Miftah Ismail (@MiftahIsmail) June 24, 2022
Grateful to President Xi Jinping, Foreign Minister Wang Yi and the people of China 🇨🇳. Chinese consortium of banks has today signed the RMB 15 billion loan facility agreement, the people of Pakistan are grateful for the continued support of our all weather friends. pic.twitter.com/ZMjocIOBcV
— BilawalBhuttoZardari (@BBhuttoZardari) June 22, 2022