Chinese Development Bank Deposits $700M to SBP’s Reserves

The Finance Minister of Pakistan, Ishaq Dar, has announced that the State Bank of Pakistan (SBP) has received $700 million from the Chinese Development Bank. The loan will give the much-needed boost to the ailing forex reserves that can barely cover one month of import. AlhamdoLilah! Funds $ 700 million received today by State Bank […]