Agreement reached with China on refinancing of ارب 2.3 billion bank deposit: Federal Minister of Finance

Agreement reached with China on refinancing of ارب 23 billion

Big news for the country’s economy, according to which China has agreed to refinance Pakistan’s debt of ارب 2.3 billion.

Federal Finance Minister Muftah Ismail has said that an agreement has been reached with China to refinance about 2 2.3 billion in bank deposits.

Muftah Ismail says Chinese bank deposits will improve foreign exchange reserves.

According to the Federal Minister of Finance, the conditions for deferring the repayment of the loan have also been agreed with China. It is likely to receive ارب 2.3 billion from China very soon.

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