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Published 1 year ago

Pakistan receives USD 2 billion rollover deposits from China to get IMF bailout: Report

Summary by Ground News
Pakistan is scrambling to increase its forex reserves which are estimated to be at $4.8 billion after China refinanced $500 million last week. Despite a slight improvement in the reserves, the situation is still grim as the country needs to pay $7 billion till June this year, making further borrowing necessary.

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