Saturday, January 24, 2009

China provides $500 million aid to Pakistan


ISLAMABAD: China has provided an aid of $500 million to Pakistan for improving its foreign exchange reserves.The finance ministry sources said this amount will be repaid in one-and-a-half year and interest rate will be determined at the rate of soft loans.This loan was announced when President Asif Ali Zardari visited china.The amount has been provided to Pakistan under term deposit support

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