Board of China Development Bank approves $700m for Pakistan

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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.

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