Islamabad (Staff Report): Pakistan has received $2.2 billion from China, the State Bank of Pakistan confirmed on Monday.
“The SBP has received RMB 15 billion value, equivalent to $2.2 billion as proceeds of the loan obtained by government of Pakistan from China,” the SBP said in a tweet.
State Bank of Pakistan has received RMB 15 billion value today equivalent to $2.2 billion as proceeds of the loan obtained by Government of Pakistan from China.— SBP (@StateBank_Pak) March 25, 2019
Pakistan has so far received a total of $9.1 billion in financial assistance packages from friendly countries during the current fiscal year (2019) to date, including $4.1 billion from China, $3 billion from Saudi Arabia and $2 billion from United Arab Emirates (UAE).
Finance Minister Asad Umar had estimated financing gap of around $12 billion for the ongoing fiscal year 2019 and another $7-8 billion for the fiscal year 2020.