China deposits another $500m to Pakistan

Pakistan on Friday obtained $500 million as the second payment from the $1.3 billion facility provided by the Industrial and Commercial Bank of China (ICBC).

Senator Ishaq Dar, the Federal Minister for Finance and Revenue, shared the news on Twitter, stating that the State Bank of Pakistan has received the payment in its account, which will enhance Pakistan’s foreign exchange reserves.

This disbursement was made after Pakistan fulfilled the required documentation.

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