Finance Minister said State Bank of Pakistan has received $700 million in funds from China Development Bank

Islamabad: Pakistan’s finance minister said that his country has received $700 million in funds from the China Development Bank. This will help boost the country’s dwindling forex reserves.

Pakistan’s Finance Minister Ishaq Dar has said that his country has received $700 million from the China Development Bank to help shore up the country’s dwindling forex reserves.

Dar said this week that all procedures had been completed and that Beijing had approved $700 million in financing for the cash-strapped country. State Bank of Pakistan has received $700 million in funding from the China Development Bank, the finance minister said on Twitter.