China lends $1 billion to Pakistan to boost plummeting FX reserves...
ISLAMABAD (Reuters) - China has lent Pakistan $1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of another International Monetary Fund bailout. A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren FirouzThe latest loan highlights Islamabad’s growing dependence on Chinese loans to buffer its ...
