SBP receives $1.3bn as loan from Chinese banks
KARACHI: The State Bank of Pakistan (SBP) has received $1.3 billion as loan disbursements from Chinese banks this week, the central bank announced on Tuesday.
“SBP has received $1.3 billion as GOP loan disbursements from Chinese Banks this week. This brings the total amount of official inflows received since 23rd June 2020 to around $3 billion,” the SBP said in a tweet.
On June 24, the SBP had received $1bn — $500mn each from World Bank (WB) and Asian Development Bank (ADB) to facilitate the country during its fight against the coronavirus pandemic.
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