Loan

Pakistan Secures $1 Billion Loan from China to Address Financial Crisis Pakistan, grappling with a pressing financial crisis, has successfully obtained a substantial $1 billion loan from its longstanding ally and prominent global lender, China. This crucial financial assistance brings much-needed relief to the country's dwindling foreign exchange reserves, serving as a significant step towards stabilizing its economic situation. Addressing the Financial Challenges The State Bank of Pakistan has officially confirmed the receipt of the $1 billion loan, providing a sense of stability amidst the ongoing financial challenges faced by the country. This injection of funds will help bolster the foreign exchange reserves and alleviate some of the immediate pressures on Pakistan's economy. Furthermo...