ISLAMABAD – Federal government has planned to secure another $2 billionthrough the agreed short-term loan of $1 billion and another one billionthrough Panda bond.

According to reliable sources, China, which has already released $1 billionfrom China Development Bank (CDB), will secure another one billionshort-term loan for the neighbouring country shortly, Pakistan Today hasreported.

In addition to this, Pakistan will also try to secure at least another $ 1billion from China through the issuance of Panda Bond in Chinese currencymaking the short terms arrangement of $ 3 billion from China.

As per the sources, even the injection of $3 billion, including $1.5billion from CDB, $500 million from the Industrial and Commercial Bank ofChina (ICBC) and $ 1billion from the Panda bond, may not meet the requireddebt financing during the next few months as Pakistan is liable to pay backaround $3 billion in the next three months.