The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details about it.
Tagged By finance
Pakistan receives $1 billion from China to support critically low foreign reserves
Cash-strapped Pakistan has received $1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan. The …
China Infrastructure Stocks Rise, Buoyed by Report of Coming Stimulus
Hong Kong-listed infrastructure stocks rose after a report that Beijing is considering issuing $140 billion in special treasury bonds to finance infrastructure projects and other initiatives to boost …
China returns $1 billion loan: SBP
Shortly after Dar’s statement, a diplomat source revealed that China had released the $1 billion on Friday. The source also stated that the $300 million debt would be treated in the same manner. These …
China’s Growing Clout on U.S. Doorstep
There’s precious little America can do about the alleged Chinese listening post in Cuba besides hardening its own communications, said one analyst.
Finance Ministry likely to impose countervailing duty on steel imports from China
The commerce ministry has recommended the continuation of an 18.95 per cent countervailing duty (CVD) on certain flat-rolled steel products from China for five years …
Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
A China-based bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts, report says
The New Development Bank is having difficulty accessing dollars, and has largely stopped lending, the Wall Street Journal reported.
China’s Jan-May fiscal revenue growth quickens
China’s fiscal revenues grew 14.9 per cent in the first five months from a year earlier, quickening from a 11.9 per cent rise in the first four months, data from the finance ministry showed.Fiscal …
Alibaba Gets Big Boost From China’s Central Bank
China’s central bank cut a key policy rate to boost economic growth and consumption, which is highly favorable for Alibaba …
China slams EU ban on Huawei, ZTE demands equal treatment
China firmly opposes some EU countries’ ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry …
Micron warns of bigger revenue hit from China ban
Micron Technology on Friday warned of a bigger hit to revenue from a Chinese ban on sale of its chips to key domestic industries, sending the memory chipmaker’s shares down about 2%.
‘You are the first American friend I’ve met in Beijing this year’: Xi tells Bill Gates China wants to work with world on innovation
“You are the first American friend I’ve met in Beijing this year,” Xi told the Microsoft Corp. co-founder on Friday, according to state broadcaster China Central Television. “I’ve always said that the …