China has provided more than $ 5 billion loans to Pakistan in the past three months

Following the loan of US $ 1 billion (Same as Same and S $ 1.322 billion) to Pakatan last month, China provided Pakistan a $ 600 million loan this week.Pakistan officials said that China has provided more than $ 5 billion loans to Pakistan in the past three months.

According to Reuters, Pakistan Prime Minister Sharif said on Tuesday (July 18) that China has provided a $ 600 million loan to Pakistan to help the country increase foreign exchange reserves.

Shatiff said last week that China provided more than $ 5 billion loans to Pakistan in the past three months to help Pakistan avoid default on the time of delay in the delay of the International Monetary Fund (IMF) rescue negotiations.

According to the Indian Economic Times, Pakistan received US $ 3 billion in assistance to the International Monetary Fund (IMF) last month, and IMF has issued a first -phase loan of US $ 1.2 billion to Pakistan.

Pakistan Treasury Secretary ISHAQ DAR said that after signing an agreement with the IMF, Saudi Arabia and the UAE have also provided $ 3 billion in financial support, which helps stabilize the Pakistani economy.

The Pakistani central bank was called on Tuesday that the country's account surplus in June was $ 334 million.

Pakistan is currently in a serious financial crisis, and the foreign exchange reserves held by the central bank of the country are almost not enough to pay a month of import expenses.Pakistan is also trying to restart the US $ 6.5 billion rescue plan organized by the International Monetary Fund to avoid the country's debt default.