ISLAMABAD – Pakistan is said to be negotiating $2 billion worth ofcommercial loans with Beijing.
According to well-informed sources, a technical team of the State Bank ofPakistan and Finance Ministry paid a visit to China recently to talk aboutvarious modalities of loans and interest rate, however, an agreement wasn’tinked because of differences and conditions imposed, reports *BusinessRecorder.*
Islamabad had reached out to Beijing for $3 billion BoP support and afterthe conclusion of Prime Minister Imran Khan’s visit a technical teamincluding Secretary Finance Arif Khan and State Bank of Pakistan (SBP)Governor Tariq Bajwa held talks with Chinese authorities but the result ofthe negotiations bore no fruit.
