Pakistan receives $700 million from China financial institution amid financial disaster

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UPDATED: Feb 25, 2023 20:19 IST

Pakistan on Friday obtained a much-needed money injection of USD 700 million from all-weather ally China to assist its ailing economic system earlier than the finalisation of talks with the IMF for monetary help.  Finance Minister Ishaq Dar, who earlier this week introduced Pakistan was anticipating to get assist from China, took to social media to substantiate that the cash had been transferred.  “Funds USD 700 million received by the State Bank of Pakistan from China Development Bank,” Dar tweeted.

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