Board of China Development Bank approves $700m for Pakistan

February 22, 2023February 22, 2023

Board of China Development Bank has approved the facility of 700 million dollars for Pakistan.

According to the details, this has been stated by the Federal Minister for Finance, Mohammad Ishaq Dar in a statement on social networking website Twitter on Wednesday.

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In a tweet, the Finance Minister Ishaq Dar said that Board of China Development Bank has approved the facility of 700 million dollars for Pakistan. He said formalities have been completed in this regard.

Finance Minister Ishaq Dar further stated that this amount is expected to be received this week by State Bank of Pakistan which will shore up its forex reserves.

Formalities completed and Board of China Development Bank has approved the facility of US $ 700 million for Pakistan. This amount is expected to be received this week by State Bank of Pakistan which will shore up its forex reserves!
— Ishaq Dar (@MIshaqDar50) February 22, 2023

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