$2.3bn loan agreement signed with Chinese consortium: Miftah says inflows expected ‘within days’

Source: brecorder.com brecorder.com

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Comments ISLAMABAD: Minister for Finance and Revenue Miftah Ismail Wednesday said the Chinese consortium of banks on Tuesday signed an RMB 15 billion ($2.3 billion) loan facility agreement. The minister, in a tweet, said the inflow was expected within a couple of days. “We thank the Chinese government for facilitating this transaction,” he added. Meanwhile, talking to journalists, Miftah Ismail said a good news from the International Monetary Fund (IMF) was also expected by the end of current week as Pakistan government was close to an agreement with the Fund. All budget related issues had been settled with the IMF,...