China To Boost Pakistan’s Economy Through Financial Assistance? – Details Here

China has decided to provide a loan worth $2.1 billion to Pakistan.

According to Pakistan‘s finance Ministry, China
has decided to provide a loan worth $2.1 billion to Pakistan.

The loan which will be credited on Monday
(25th of March) in the State Bank of Pakistan’s account will reportedly
help to boost to Pakistan’s economy.

The Pakistan’s Finance Ministry has
announced that all procedural formalities for the transfer of the $2.1 billion loan
being provided by the Chinese government have been completed, and the funds
will be deposited in the State Bank of Pakistan’s account by Monday.

Since 1950, China and Pakistan have placed
considerable importance on the maintenance of an extremely close and supportive
special relationship.

China also supports Pakistan’s stance on
Kashmir, while Pakistan supports China on the issues of Xinjiang, Tibet, and
Taiwan.