International

Pakistan to receive loan worth $2.1bn from China by Monday

ANH Desk

Islamabad, March 22: The Ministry of Finance has announced that the State Bank of Pakistan (SBP) will receive a 15 billion yuan loan, equivalent to $2.1bn, from China by Monday.

Ministry spokesman Khaqan Najeeb Khan said on Thursday that “all procedural formalities” for the transfer of the loan being provided to Pakistan by the Chinese government have been completed, and “the funds will be deposited in the SBP account by Monday 25”, reports said.

The loan facility, the spokesman said, “will further strengthen foreign exchange reserves and ensure balance of payment stability”.

Following a meeting in Beijing between Chinese Premier Li Keqiang and Pakistan Prime Minister Imran Khan in November 2018, China had said that it was willing to offer assistance to Islamabad to help it weather its current fiscal woes but that the terms of such aid were still being discussed.

Shortly after, Chinese Consul General Long Dingbin had said during an interview that in order to “boost Pakistan’s economy”, Beijing is investing in multiple sectors and launching business ventures instead of providing loans.

Besides the loan package, the Chinese government has also offered Pakistan market access for three commodities – rice, sugar, and yarn – worth $1 billion for the current calendar year, a Commerce Division official told Dawn on Thursday.

The official said rice shipments to China have already begun as part of the deal which was agreed during the Prime Minister’s China visit.

Under the agreement, exporters have been allowed to ship 200,000 tonnes of rice and 300,000 tonnes of sugar – the total value of $300 million – to China in the ongoing calendar year.

Moreover, the agreement also includes preferential market access for around $700 million worth of yarn but it seems highly unlikely that Pakistan will have an adequate surplus quantity of yarn to export to China as cotton production remains lacklustre.

This agreement will also be extended to calendar 2020. Pakistan’s exports to China are expected to reach $2.2 billion in the ongoing calendar year and $3.2 billion in the next, according to official figures. (Agencies)

Related Articles

10 thoughts on “Pakistan to receive loan worth $2.1bn from China by Monday”

  1. It’s a fact that consumption that use search engines will only view the search results on the
    first couple of pages. When you can cause it to the first page, even better the top half of your first page you are able to get
    a higher probability of one’s link being clicked around.
    And you already know that the a boost in traffic for your site, higher
    potential business you experience.

    Many people who just love the site never envisage to survey the website
    audience. Substantial seldom complete the study on their audience age, gender, consumption and consumer habits.
    Anyone want your website to make profit, can not let go of
    all of your target audience. Your website end up being profitable extended as you devoted to analyze your customers.

    Even if there become a few IP per day, anyone could also
    dig out the earnings type.

    You should have several pages over your website and thousands of visitors and page impressions per day to think of setting up blogging / website publishing
    as your work. You need to learn on your methods of skyrocketing traffic therefore how to write good content.
    So after investing some money in a course and finding that your site is making only 5 or 6 dollars per month, please don’t think that ecommerce model is a faulty distinct.
    This model works but you need to be familiar with how to create traffic on your website.
    A person’s can do it, the blog can also pay buyers.

    If you need to keep the future prospect coming back keep them interested with the information you
    think about! Don’t just write a five paragraph article just rambling.

    The common reader does not take period to look at
    the whole article but they analyze for key factors of your
    article. For this reason it’s good to use ordered list to help get across and emphasize the significance of what your talking nearly.
    Using basic headers h1,h2,h3,h4 and also the bold option are very good ways to help readers understand your point.
    For example, each time I become ready to change to a good solid subject or branch off I always select a header tag to let
    readers know that this could be the next subject
    I’m talking about.

    Keep it short straightforward. Don’t write one thousand page magazine.
    A good length for much articles is 400-600 words.that’s about 1 page.
    Each paragraph must be a pair lines. Provide lots of “white space”.it makes it easier on your eyes and consumers are psychologically more probable
    to make out the print because appears “easier” and short.

    Of course, it is evident that lying is not optional in Squidoo.
    Not only does lying put your conscience on the chopping block, it also
    puts your lens all the things the effort you used in it exactly in danger.

    The key when the considering buy of YouTube views would be to remember that
    even this tactic will operate overnight. While it is a major overnight step in the marketing world, extended term
    success with your video marketing will be where authentic profit potential
    lies. This means, this purchase YouTube views you are making both a non permanent
    investment plus a long term investment in the success of your video marketing campaign. This makes
    video marketing today a extremely wise investment of your advertising dollars every month. https://joker.vin/index.php/other-games/3win8/17-3win8-2

  2. It’s a fact that consumption that use search engines will only view the search results on the first couple of pages.
    When you can cause it to the first page, even better the top half of your first page you are able to get a higher
    probability of one’s link being clicked around.
    And you already know that the a boost in traffic for your site, higher potential business you experience.

    Many people who just love the site never envisage to survey the website audience.

    Substantial seldom complete the study on their audience age, gender, consumption and consumer habits.
    Anyone want your website to make profit, can not let go of all
    of your target audience. Your website end up being profitable extended as you
    devoted to analyze your customers. Even if there become a
    few IP per day, anyone could also dig out the earnings type.

    You should have several pages over your website and
    thousands of visitors and page impressions per day to think of setting up blogging /
    website publishing as your work. You need to learn on your methods
    of skyrocketing traffic therefore how to write good content.

    So after investing some money in a course and finding that your
    site is making only 5 or 6 dollars per month, please don’t
    think that ecommerce model is a faulty distinct.
    This model works but you need to be familiar with how to create traffic on your website.
    A person’s can do it, the blog can also pay buyers.

    If you need to keep the future prospect coming back keep
    them interested with the information you think about!
    Don’t just write a five paragraph article just rambling. The common reader does not take period to look at the whole article but they
    analyze for key factors of your article. For this reason it’s good to use ordered list to help get across and emphasize the
    significance of what your talking nearly. Using basic
    headers h1,h2,h3,h4 and also the bold option are
    very good ways to help readers understand your point.
    For example, each time I become ready to change
    to a good solid subject or branch off I always select a header tag to let readers know
    that this could be the next subject I’m talking about.

    Keep it short straightforward. Don’t write one thousand page magazine.
    A good length for much articles is 400-600 words.that’s about 1 page.
    Each paragraph must be a pair lines. Provide lots
    of “white space”.it makes it easier on your eyes and
    consumers are psychologically more probable to make out the print because appears “easier” and short.

    Of course, it is evident that lying is not optional in Squidoo.
    Not only does lying put your conscience on the chopping block,
    it also puts your lens all the things the
    effort you used in it exactly in danger.

    The key when the considering buy of YouTube views would be to remember
    that even this tactic will operate overnight. While it is a major overnight step in the
    marketing world, extended term success with your video
    marketing will be where authentic profit potential lies.
    This means, this purchase YouTube views you are making both a non permanent investment plus
    a long term investment in the success of your video marketing campaign. This makes video marketing today a extremely wise investment of
    your advertising dollars every month. https://joker.vin/index.php/other-games/3win8/17-3win8-2

Leave a Reply

Your email address will not be published. Required fields are marked *

Close