ISLAMABAD – China has once again decided to rescue the dollar starvedeconomy of Pakistan.
China is most likely to give $2 billion in Pakistan reserves.
Moreover Pakistan is most likely to attain $6 billion facility from UAE asis managed from Saudi Arabia, a senior official, privy to the developmenthas revealed private media.
“UAE will also deposit $3 billion in Pakistan reserves, but ininstallments’ mode, and would also extend oil facility of $3 billion ondeferment payment too.”
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China will deposit $2 billion not in installments but most likely inone-go. Pakistan authorities are also in process to finalise the purchaseof 15 billion RMBs (Yuan) at commercial rate almost at the cost of over $2billion for trade with China in local currency which will help Pakistancome out of US dollar’s pressure too.
