CHINA LOANS $1.5 BILLION TO PAKISTAN TO PAY THE MONEY IT OWES TO SAUDI ARABIA

Highlights –

• China loans $1.5 billion to Pakistan to pay the money it owes to Saudi Arabia.
• China has not provided the loan to Pakistan from its State Administration of Foreign Exchange.
• China and Pakistan have instead agreed to increase the size of a 2011 bilateral Currency-Swap Agreement in loan agreement.
• The loan by China to Pakistan will not be treated as part of th....
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  Tags : CHINA, SAUDI ARABIA, PAKIATAN, CHINA LOANS MONEY TO PAKISTAN, CHINA CURRENCY-SWAP ARRANGEMENT, CHINA STATE ADMINISTRATION OF FOREIGN EXCHANGE, CHINESE YUAN,

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