ISLAMABAD – Pakistan has sought rollover of SAFE China deposits of $2 billion as newly appointed Finance chief Ishaq Dar met ambassador of the Individuals’s Republic of China Nong Rong on the Finance Division.
Ministry of Finance mentioned ambassador of the Individuals’s Republic of China referred to as on Finance Minister Ishaq Dar the place the latter sought Beijing’s help for securing the rollover of SAFE deposits of $2 billion due in March 2023.
The brand new finance czar requested monetary aid because the nation’s economic system is going through a steadiness of funds disaster, a widening present account deficit, rupee depreciation, and unprecedented inflation.
Through the assembly, Dar recommended help prolonged by Pakistan’s ‘all-weather friend’ within the refinancing of a syndicate facility of $ 2.24 billion.
He additionally apprised the envoy of the damages brought on by the large floods triggered by the monstrous monsoon.
Exchanging views on Pak-China flagship challenge CPEC, the finance minister mentioned that the financial hall will play an vital position in taking Islamabad’s economic system ahead apart from bettering ties between the 2 sides.
Ambassador Nong Rong additionally prolonged his felicitations to Ishaq Dar on assuming his new obligations and reaffirmed China’s continued help to Pakistan.
