FM grateful to China for loan facility
Stay tunned with 24 News HD Android App
On his Twitter handle, the foreign minister expressed gratitude to Chinese President Xi Jinping, his Chinese counterpart Wang Yi and the people of China for their continued support.
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
Minister for Finance and Revenue Miftah Ismail announced the good news that the Chinese consortium of banks signed the RMB 15 billion ($2.3 billion) loan facility agreement.
“Inflow is expected within a couple of days. We thank the Chinese government for facilitating this transaction,” he tweeted.
The Chinese consortium of banks has today signed the RMB 15 billion (~$2.3 billion) loan facility agreement after it was signed by the Pakistani side yesterday. Inflow is expected within a couple of days. We thank the Chinese government for facilitating this transaction.— Miftah Ismail (@MiftahIsmail) June 22, 2022
Another good news for the nation is expected by the end of the current week as the Pakistan government is reportedly close to an agreement with the International Monetary Fund (IMF).