Business

Pakistan: China has given Thousand crore of Rupees Aid to Pakistan

Monali Gupta

China has given Pakistan $ 2.2 billion in aid to the cash crisis. In Indian currency, this amount is Rs. 15 thousand crores. The price of 1 dollar is 69 rupees. With this help of China, the status of Pakistan's foreign exchange reserves will be adjusted. It is likely that Pakistan will be able to pay on time to the foreign debt installment and it will be prevented from being defaulted.

According to 'The Express Tribune' report, after this generous help from China, Pakistan has received financial assistance of $ 9.1 billion from its allies in the current financial year, while China has been given $ 4.1 billion in aid from China, three billion dollars from Saudi Arabia and two billion dollars from the United Arab Emirates.

State Bank of Pakistan tweeted that the Pakistan government received the amount of loan from China. Finance Ministry spokesman Khaqan Hassan Najeeb said that the amount of money deposited with the State Bank of Pakistan will be strengthened by the country's stability.

According to the latest weekly report of the central bank of Pakistan, on March 15, 2019, foreign currency reserve of the State Bank of Pakistan reached 8.84 billion dollars. Pakistan's economic condition is bad. She is trying to raise money in different ways. Under this the properties of the ministries are being sold.

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