Tue, 21-Oct-2025

Chinese banks agree to provide $2.3bn loan: Miftah Ismail

Federal Minister for Revenue and Finance Miftah Ismail

ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Wednesday said that the Chinese consortium of banks has signed the $2.3 billion (15 billion renminbi) loan facility agreement. In his tweet, the finance minister said the inflow was expected within a couple of days. He thanked the Chinese government for facilitating the transaction without providing … Read more

SBP’s foreign reserves drop to $9.7 billion

foreign reserves

Due to external loan repayments, the State Bank of Pakistan’s (SBP) total foreign reserves fell by $366 million to $9.72 billion. The SBP reported that total liquid foreign reserves were $15,771.4 million as of May 27. The decline was caused by “external debt payments,” according to the central bank. The news comes as Pakistan has … Read more