Federal cabinet approves $2.4bn dollar loan from China


The federal cabinet on Saturday approved a 2.4 billion dollar loan from China.

The federal cabinet approved the acquisition of the loan through a summary circulation. The loan from China will be for three years.

The 2.4 billion dollar loan from China will be received at one percent margin. The loan will be received under the 2019 agreement. The federal cabinet has approved the finance ministry’s summary.

 




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