*ISLAMABAD: Pakistan is expected to receive $3 billion deposits from Chinaand International Islamic and Trade Finance Corporation (IITFC).*
Sources said Pakistan would likely get $1 billion from the InternationalIslamic and Trade Finance Corporation. It is learnt that the amount wouldbe used to streamline balance of payments.
While, $2 billion from China, could be used for stabilizing foreignreserves.
Sources said the talks with China for obtaining $2 billion were in thefinal phase, and expected to end by the end of March.
China had also deposited $2 billion to Pakistan a few weeks ago.
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The State Bank of Pakistan (SBP) last week signed an agreement with AbuDhabi Fund for Development (ADFD) for the placement of the second trancheof US$2 billion.
It may be recalled that the first tranche of US$ 1.0 billion has alreadybeen received by SBP in January 2019.
On January 22, Pakistan and the UAE had reached an agreement on $3bnsupport Package in Abu Dhabi.
