SBP receives $500mn from ICBC: Ishaq Dar

Pakistan’s central financial institution has obtained $500 million from the Industrial and Industrial Financial institution of China, the primary of three disbursements that had been permitted for rollover, mentioned Finance Minister Ishaq Dar late Friday evening.

Dar mentioned the formalities had been full and ICBC permitted the rollover of a mixed $1.3 billion facility that had been repaid by Pakistan in current months.

His tweet comes after he had mentioned that Pakistan expects additional influx of a mortgage facility from China, whereas he shared financial figures beneath the earlier Pakistan Tehreek-e-Insaf (PTI) authorities and blamed Imran Khan for the nation’s present financial state.