News > Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: Report

Economic Times | 27/10/2024 06:10 PM | Click to read full article

Pakistan Finance Minister Muhammad Aurangzeb, who met with China's Vice Minister of Finance Liao Min on the sidelines of the annual meetings of the IMF and the World Bank in Washington, requested the Chinese side to raise the limits under the currency swap agreement to 40 billion yuan, a statement issued. This is not the first time Pakistan has requested an increased debt limit, however, Beijing has declined all such past requests.

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