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Pakistan requests additional USD 1.4 billion loan from China amid ongoing financial challenges

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ANI News

Islamabad [Pakistan], October 27 (ANI): In a bid to address its persistent external financing issues, Pakistan has formally requested a supplementary loan of 10 billion yuan (CNY) (approximately USD 1.4 billion) from China. The announcement was made on Saturday, underscoring the fiscal pressures the nation continues to face, the Express Tribune reported. During a meeting with China’s Vice Minister of Finance, Liao Min, Pakistan’s Finance Minister Muhammad Aurangzeb urged the Chinese side to elevate the limits under the Currency Swap Agreement to CNY 40 billion. As stated by the Ministry of Fin…

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