Wednesday, 22 September 2021

Tag Archives: BEI

China agrees to give $2 billion loan to Pakistan

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

REUTERS/Jose Luis Gonzalez/File Photo BEIJING:In a major development, China has agreed to immediately give a $2 billion loan to Pakistan, a move meant to arrest the sliding official foreign currency reserves and provide much-needed breathing space to the new government. The $2 billion loan will be categorised as an “official ...

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