China rescues Pak with $2.5 bn loan

Islamabad: China will provide $2.5 billion in loans to Pakistan to boost the foreign exchange reserves of its “all-weather ally”, a media report said Saturday. Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt. Also Read Azerbaijani airliner with 67 people onboard crashes in Kazakhstan leaving 32 survivors … Continue reading China rescues Pak with $2.5 bn loan