China Agrees to Provide $2.5 Billion Loan to Bolster Foreign Exchange Reserves
This follows the previous $2 billion loan provided by China at the end of July last year to bolster foreign exchange reserves and it has come out as the country’s biggest economic rescuer in the past five years
This follows a $6 billion financial package agreed with Saudi Arabia which included a $3 billion loan obtained at an interest rate of 3.18%.
It included a $3 billion deferred oil payment facility to Pakistan to manage their oil import bill.
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