FM grateful to China for loan facility 

By: News Desk
Published: 11:43 PM, 22 Jun, 2022
FM grateful to China for loan facility 
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Foreign Minister Bilawal Bhutto Zardari expressed gratitude to the Chinese leadership and the people of China for $2.3 billion loan facility, 24NewsHD TV reported Wednesday.

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. 

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.

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).