Pakistan started begged in front of China again in the midst of tension from India, 10 billion yuan is asking
Pakistan Finance Minister Muhammad Aurangzeb.
India, Pakistan, China: After the Pahalgam attack, India-Pakistan relations are getting worse day by day. After India’s strictness, Pakistan has also taken many decisions. But in the midst of this decisions, Pakistan is also worried about its economic condition. Therefore, Pakistan has started seeking loans from its friendly countries. According to the report of Reuters, Pakistan has demanded 10 billion yuan loans from China. According to the Reuters report, Pakistan Finance Minister Muhammad Aurangzeb gave information about it during this interview.
Request to increase the existing swap line to 10 billion yuan
Reuters reported that Pakistan Finance Minister Muhammad Aurangzeb said that Pakistan has requested China to increase its current swap line to 10 billion yuan ($ 1.4 billion). He said that he hopes that Pakistan will launch the Panda Bond before the end of this year.
Finance Minister told after IMF and World Bank meeting in America
In an interview to Reuters during the International Monetary Fund and World Bank meetings in Washington, USA, Pakistan Finance Minister Aurangzeb said that Pakistan already has 30 billion yuan swap line.
Know what is the swap line
It is to be known that the agreement made between central banks of different countries to exchange the currency is called Swap Line. Pakistan’s Finance Minister has demanded China to increase this agreement.
Pakistan demanded from China in October 2024
Earlier in October 2024, Pakistan has also requested China to give a loan of 10 billion yuan additional ($ 1.4 billion). This country, which is facing cash crisis, has already used Chinese trade facility of current 30 billion yuan ($ 4.3 billion).
