According to reports on Monday, the federal government has decided to seek $5 billion in loans from China, Russia, and Kazakhstan in order to stabilise the country’s FX reserves.
According to Baaghi TV., Pakistan aims to borrow $3 billion from China and $2 billion from Russia and Kazakhstan.
According to sources familiar with the situation, the finance ministry has finalised the financing arrangement, and an agreement will be inked with China during Prime Minister Imran Khan’s visit to Beijing next month.
