KARACHI: The government of Pakistan has received a loan of 1.3 billion dollar from China.
State Bank of Pakistan confirms 1.3 billion dollar loan from China
According to the SBP, the money received from the Chinese bank has been borrowed by the government of Pakistan.
“We have received 3 billion dollar in remittances since June 23,” the central bank 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.
— SBP (@StateBank_Pak) June 30, 2020