Pakistan seeks $2 billion commercial loans

Pakistan seeks $2 billion commercial loans

ISLAMABAD - Pakistan is said to be negotiating $2 billion worth of commercial loans with Beijing.

According to well-informed sources, a technical team of the State Bank of Pakistan and Finance Ministry paid a visit to China recently to talk about various modalities of loans and interest rate, however, an agreement wasn’t inked because of differences and conditions imposed, reports *Business Recorder.*

Islamabad had reached out to Beijing for $3 billion BoP support and after the conclusion of Prime Minister Imran Khan’s visit a technical team including Secretary Finance Arif Khan and State Bank of Pakistan (SBP) Governor Tariq Bajwa held talks with Chinese authorities but the result of the negotiations bore no fruit.

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