China allows Pakistan to Use 1 billion PKR
China allows Pakistan to Use 1 billion PKR
ISLAMABAD: China has allowed Pakistan to use 1 billion in a bank.
According to the details, China has allowed Pakistan to use 1 billion rupees that has kept in bank as a support for budget after granting permission, the government will now not borrow Rs 165 billion to Rs 169 billion locally from banking and non-banking institutions after this permission.
Sources said that China has allowed to use one billion dollars to meet the budget requirements. In this regard, when the spokesman of the Ministry of Finance was contacted, they said that the accumulated money is part of a loan and government of Pakistan will receive it in Pakistani rupees.
China has deposited the most money in the SBP so that Pakistan’s foreign exchange gets stable.
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