State Bank receives $1.3 billion from Chinese banks

By: News Desk      Published: 11:28 AM, 30 Jun, 2020
State Bank receives $1.3 billion from Chinese banks

The State Bank of Pakistan (SBP) on Tuesday received $1.3 billion as GOP loan disbursements from Chinese Banks, reported 24NewsHD TV channel.

The central bank said the $1.3 billion loan now brings the total amount of official inflows received since 23rd June, 2020, to around $3 billion.

The State Bank of Pakistan on its official twitter account @StateBank_Pak said, “SBP has received $1.3 billion as GOP loan disbursements from Chinese banks this week. This brings the total amount of official inflows received since 23rd June 2020 to around $3 billion.”

Earlier on June 26, the State Bank said that it had received $500 million from Asian Infrastructure Investment Bank on 25th June 2020 and that brought the total amount received from multilateral institutions this week to around $1,725 million.

On June 24, the State Bank said it had received USD 1 billion with USD 500 million each from Asian Development Bank and World Bank.