China rescues Pak with $2.5 bn loan

Islamabad: China will provide $2.5 billion in loans to Pakistan to boost the foreign exchange reserves of its “all-weather ally”, a media report said Saturday. Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt. The country’s $8.12 billion reserves, which are below the minimum level that the International … Continue reading China rescues Pak with $2.5 bn loan