Pakistan likely to get $4 billion financial Assistance package from China: Sources
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ISLAMABAD - China has once again decided to rescue the dollar starved economy 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 as is managed from Saudi Arabia, a senior official, privy to the development has revealed private media.
“UAE will also deposit $3 billion in Pakistan reserves, but in installments’ mode, and would also extend oil facility of $3 billion on deferment payment too.”
China will deposit $2 billion not in installments but most likely in one-go. Pakistan authorities are also in process to finalise the purchase of 15 billion RMBs (Yuan) at commercial rate almost at the cost of over $2 billion for trade with China in local currency which will help Pakistan come out of US dollar’s pressure too.
