Pakistan Economic Crisis: On February 24, China gave relief news to Pakistan, which was wandering door to door in the hope of a loan for its ruined economy, by giving US $ 700 million help. China has given this financial help to Pakistan at a time when it had become hopeless from every institution and friendly country in the world and it needed this loan the most. Giving this information, Pakistan’s Finance Minister Ishaq Dar said that the State Bank of Pakistan has received this aid fund from the China Development Bank of China.
Finance Minister gave information by tweeting
Let us tell you that for the last several months, Pakistan was requesting help from many of its friendly countries, but this time all of them raised their hands on some pretext or the other. Then suddenly on last Thursday, 24 February 2023, China released US $ 700 million aid to provide relief to the bankrupt Pak economy. Confirming this Chinese help on Friday, Pakistan’s Finance Minister Ishaq Dar said on Twitter that “State Bank of Pakistan has received $700 million in funds from China Development Bank today. After this help, Prime Minister of Pakistan Shehbaz Sharif has expressed his gratitude towards this “special friend”. In the same tweet, the Finance Minister further wrote that “China is an ally of Pakistan. We all were waiting for the IMF agreement but before that China has proved by helping that it is a true friend of Pak. These things can never be forgotten.
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trying to get package from imf
Let us tell you that Pakistan’s foreign exchange reserves had reached the lowest ever level of 2.9 billion US dollars. Which has increased to about US $ 4 billion after China’s financial help. Even after this, Pakistan is trying to somehow get an economic package from the IMF to handle its bankrupt economy. Which he is constantly striving for.
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Source: www.dnpindiahindi.in”