His evergreen friend China has come forward to help Pakistan, facing an economic crisis. He has approved a loan of $ 70 million. Pakistan Finance Minister Ishaq Dar has reported the approval of the loan by the Development Bank Board of China.
Pakistan can get money this week
Ishaq Dar tweeted that the formalities have been completed and the Board of Chinese Development Bank has approved $ 700 million for Pakistan. This amount is expected to be received by the State Bank of Pakistan this week, which will increase its foreign exchange reserves.
Significantly, Pakistan is struggling with the balance of payment. This increased further this year, causing the foreign exchange reserves to reach a lower level. On 10 February, there were only $ 3.2 billion in foreign exchange reserves, which was sufficient for only three weeks of imports. Because of this, the government has banned all kinds of imports except the goods and medicines needed. This restriction has been imposed until the bailout amount is received.
The money Bill was passed unanimously in National Assembly
Just a day earlier, Pakistan's National Assembly unanimously passed a money bill to meet the demands of the IMF to get help from the International Monetary Fund (IMF).
The government headed by Prime Minister Shahbaz Sharif has decided to increase the tax and implement measures to cut government expenditure. At the same time, the government has issued instructions to the Ministry of External Affairs to reduce several foreign missions abroad and reduce their offices, employees, and other measures.
Also Read: Pakistan: Political situation worsens in Pakistan, Imran Khan started Jail Bharo movement
Covid-19 Update: 4 patients died in 24 hours due to coronavirus in the country, and 113 people have died so far; Know how many active cases are there
The new variant of Corona (Covid-19 Update) has engulfed many people across the country and four patients have died in the last 24 hours. 2 patients in Maharashtra and 1 each in Delhi and Kerala have
'Congress has the right to protest, but not to loot land and money'; BJP's big attack on Congress.
BJP MP Ravi Shankar Prasad addressed a press conference on Congress' announcement of protests outside ED offices across the country in the National Herald case.
Covid-19: 760 new cases reported in 24 hours, Covid Task Force issues guidelines for infected people
The new variant of Corona, JN.1, is being reported to be increasing in many countries of the world including India. According to media reports, in many other countries including China, crowding in
The hot weather can spoil the health of wheat, there is a possibility of 11.21 million tonnes of production in the current rabi season
The warming mood of the weather can take a toll on the health of wheat. For the last week, the normal temperature has started weighing on the foreheads of agricultural scientists and policy
Nagpur violence: Curfew was imposed in 11 areas, and 33 policemen including three DCPs injured; Fadnavis said - the violence was pre-planned
Curfew has been imposed in 11 police station areas of Nagpur after violence erupted due to agitation over the removal of Mughal ruler Aurangzeb's grave. 33 policemen including three Deputy
Mumbai Attack: Today is the 17th anniversary of 26/11, the President said – reaffirm the promise to fight all forms of terrorism.
Today marks the 17th anniversary of the November 2008 Mumbai terrorist attacks. A program was held at the Gateway of India in Mumbai to commemorate the martyrs who died in the Mumbai attacks.
North Korea's missile test threatens China and Japan, thousands of people may come in contact with radiation
Thousands of North Koreans and people in South Korea, Japan, and China may have been exposed to radioactive material spread through groundwater from an underground nuclear test site, a Seoul-based
J&K Election 2024: Conspiracy to terrorize Kashmir before PM Modi's rally fails, huge amount of weapons recovered, Pakistan panics
On Wednesday, two days before the public meeting of Prime Minister Narendra Modi in Doda district on September 14 for the assembly elections, the army and security forces killed two terrorists of
Corona Update In India: Relief from Corona in India, 125 cases came in the last 24 hours; The number of patients recovering increased
Covid-19 in India: The faster the cases of corona in the country had increased, the faster they are now declining. Within the last 24 hours, 125 new cases of coronavirus infection have been reported
China New Map: 'Beijing's claims are absurd, Congress on Arunachal Pradesh and Aksai Chin being told as part of China
China recently released a new version of its standard map. In this, he has shown India's Arunachal Pradesh, Aksai China, Taiwan, and the South China Sea in his territory. Controversy arose regarding
