Скачать или смотреть Pakistan Seeks Additional $1.4 Billion Loan from China Amid Economic Struggles

Pakistan formally requested an additional loan of 10 billion yuan ($1.4 billion) from China, having already exhausted a previous loan of 30 billion yuan ($4.3 billion). Finance Minister Muhammad Aurangzeb made the appeal during discussions with China’s Vice Minister of Finance, Liao Min, on the sidelines of the annual IMF and World Bank meetings in Washington. The proposal aims to raise the currency swap agreement limit to 40 billion yuan, potentially increasing the total financial facility to around $5.7 billion. This is not the first instance of Pakistan seeking an expanded debt limit, but previous requests have been declined by Beijing.
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