Posted inIslamabad

Pakistan gets $500m loan at 4.9% interest rate

ISLAMABAD: Pakistan on Tuesday received one of the most expensive loan tranches of $500 million by any multilateral creditor, as the cash-starved country also urged a Chinese commercial bank to refinance the maturing debt and review the possibility of giving more loans. The “AIIB (Asian Infrastructure Investment Bank) has transferred today, as per their board’s […]

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