Islamabad February 24 2023: Funds of USD 700 million received today by State Bank of Pakistan from China Development Bank confirms finance Minister of Pakistan.
On Thursday, Board of China Development Bank had approved the facility of USD 700 million for Pakistan.
SBP foreign exchange reserves for the week ending Feb 17, 2023, were recorded at USD 3,258 million as per data released by the Central Bank.
“These funds will shore up its forex reserves” says Pakistan Finance Minister Ishaq Dar
