ISLAMABAD, June 05(ABC): The federal cabinet on Saturday approved a 2.4 billion dollar loan from China.
The federal cabinet approved the acquisition of the loan through a summary circulation. The loan from China will be for three years.
The 2.4 billion dollar loan from China will be received at one percent margin. The loan will be received under the 2019 agreement. The federal cabinet has approved the finance ministry’s summary.
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Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.
