Pakistan seeks 2.4 billion loan from China

Pakistan seeks 2.4 billion loan from China

The federal cabinet on Saturday approved a 2.4 billion dollar loan fromChina.

The federal cabinet approved the acquisition of the loan through a summarycirculation. The loan from China will be for three years.

The 2.4 billion dollar loan from China will be received at one percentmargin. The loan will be received under the 2019 agreement. The federalcabinet has approved the finance ministry’s summary.