Sunday, 23 July 2017

China helped Pakistan avert currency crisis with $1.2bn loans: FT

ISLAMABAD: China helped Pakistan stave off a currency crisis with $1.2bn loans, the Financial Times reported on Tuesday.

State-backed Chinese banks have twice come to the rescue of the nuclear-armed state with $900m in 2016 and $300m in the first three months of this year, the newspaper quoted officials as s

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