China gives Pakistan $1.6 billion credit line to boost currency reserves – central bank sources

, , Comments Off on China gives Pakistan $1.6 billion credit line to boost currency reserves – central bank sources

ISLAMABAD (Reuters) – China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting foreign currency reserves.
( read original story …)