China Lends $1 Billion To Pak To Boost Foreign Currency Reserves

(G.N.S) DT.01 ISLAMABAD: China has lent Pakistan $1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of another International Monetary Fund bailout. The latest loan highlights Islamabad’s growing dependence on Chinese loans to buffer its foreign