Pakistan has received $2.2 billion from China on Monday, funds deposited in the State Bank of Pakistan (SBP) account. After receiving the finance facility from China, foreign exchange reserves of Pakistan surged to $ 17.9 billion.
The financial support from China will ensure balance of payment stability.
Earlier, Dr Khaqan Najeeb, adviser and spokesman for Ministry of Finance, in a tweet on Saturday said clarified that the discussions with international partners do not entail any target level of exchange rate.
Read also: Pakistan’s foreign exchange reserves surges $743.7 million to $15.709 billion
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