ISLAMABAD: Finance Minister Miftah Ismail Thursday stated that terms and conditions of $ 2.3 billion deposits have been agreed with the Chinese.

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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