Chinese banks to provide USD 2.3 bln to Pakistan 'within days' under loan agreement

Jun 23, 2022

Islamabad [Pakistan], June 23 : To cope up with country's dwindling cash reserves, loan of USD 2.3 billion from a Chinese consortium of banks...

Saudi comes to cash-strapped Pak's rescue with USD 3 billion package

Oct 27, 2021

Islamabad [Pakistan], October 27 : Saudi Arabia has said it is depositing USD 3 billion in Pakistan's central bank to help the cash strapped...

Biden administration freezes USD 9.5 bn of Afghan reserves to block Taliban access to funds

Aug 18, 2021

Washington [US], August 18 : The Biden administration on Tuesday froze about USD 9.5 billion of Afghan reserves to keep cash away from the...

Pakistan's rising debts, decreasing exchange reserves raise concern

Jul 14, 2022

Islamabad [Pakistan], July 14 : Pakistan is in economic turmoil as its foreign debts are rising while foreign exchange reserves are decreasing.

Chinese banks to refinance Pakistan with USD 2.3 billion funding

Jun 02, 2022

Islamabad [Pakistan], June 2 : China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange...

Pakistan foreign currency reserves deplete after stalemate over IMF package

Dec 24, 2021

Islamabad [Pakistan], December 24 : Pakistan's foreign currency reserves are depleting after the persistent stalemate over the renewal of the IMF package.