Pakistan’s all-weather ally China has approved a loan of USD 700 million to the cash-strapped country, Finance Minister Ishaq Dar announced on Wednesday.
Tagged By finance
China lends Pakistan further $700 million to shore up FX reserves
ISLAMABAD (Reuters) -Pakistan will this week receive a new $700 million loan from China to help shore up its foreign exchange reserves, the South Asian country’s finance minister said on Wednesday.
China Urges SOEs to Drop Big Four Auditors on Data Risk
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a …
China In Eurasia Briefing: This Isn’t A Cold War, But It’s Getting Close
Top foreign policy officials from the United States and China spent most of the last weekend at the Munich Security Conference stressing that their governments were not seeking a new Cold War, but …
China approves USD 700 million loan to cash-strapped Pakistan: Finance Minister Dar
The announcement by Dar on the loan by the Board of China Development Bank came a day after Pakistan’s National Assembly unanimously passed a money bill aimed at raising tax revenues to fulfil the …
Ethiopia and China sign MOU to establish investment and economic cooperation working group
The MOU was co-signed by H.E. Ahmed Shide, Ethiopia’s Minister of Finance, representing the Federal Democratic Republic of Ethiopia and H.E. Li Fei, Assistant Minister of Commerce of the People’s …
Web3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary
Hong Kong’s top finance minister pledged support for Web3, including fresh investment, as the city signals its reopening to the industry.
How China’s millionaire crowd stacks up against America’s, in wealth, spending, and how they made their fortunes
The size of China’s high-net-worth crowd has grown nearly ten-fold in the last two decades, according to London-based consultancy Henley & Partners.
Finance chief expects Hong Kong economy to grow 3.5 pct to 5.5 pct in 2023
The Hong Kong economy will see a visible rebound this year with growth of 3.5 percent to 5.5 percent for the year as a whole, Financial Secretary of China’s Hong Kong Special Administrative Region …
G-20 finance chiefs to tackle global economic threats
Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability …
Why China’s Military Support For Russia Would Be A ‘Game Changer’
Here are some key questions about Washington’s claim, and its implications: Since Russian tanks rolled over the border into Ukraine, China has offered Putin diplomatic and financial support, but …
China’s Debt Relief Position Is Actually Reasonable
China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing.
China’s yuan eases on worries over geopolitical tensions
SHANGHAI, Feb 21 (Reuters) – China’s yuan inched lower against the dollar on Tuesday, under downward pressure from the greenback’s strength in global markets and signs of geopolitical tensions. Before …
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