Chinese consortium to provide $2.3bln to Pakistan

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From Our Correspondent

ISLAMABAD: Finance Minister Miftah Ismail said that Chinese consortium will provide $ 2.3 billion to Pakistan. In a statement on social networking site Twitter, Miftah Ismail said that Chinese consortium of banks has signed RMB 15 billion ($2.3 billion) loan facility agreement today, after it was signed by Pakistani side yesterday. “Inflow is expected within a couple of days,” he added. In his tweet, Miftah further thanked Chinese government for facilitating this transaction.