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China agrees to give US$ 2.3 billion to Pakistan, tweets Miftah Ismail

China agrees to give US$ 2.3 billion to Pakistan, tweets Miftah Ismail
June 2, 2022 Web Desk

ISLAMABAD (92 News) - Finance Minister Miftah Ismail has announced that China has agreed to give US$ 2.3 billion to Pakistan.

In a message on Twitter on Thursday, he said: "Good News: The terms and conditions for refinancing of RMB 15 billion deposit by Chinese banks (about US$ 2.3 billion) have been agreed. Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves."