Print
Print 2022-06-03
Refinancing of $2.3bn deposits: Terms and conditions agreed with Chinese: Miftah
ISLAMABAD: Finance Minister Miftah Ismail Thursday stated that terms and conditions of $ 2.3 billion deposits have been agreed with the Chinese.
Alarm bells: SBP-held foreign currency reserves fall to $9.72bn
The finance minister tweeted that “the terms and conditions for refinancing of RMB 15 billion deposit by Chinese banks (about US$ 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.”
Copyright Business Recorder, 2022
Comments
Comments are closed.