HomeBusinessThe Prime Minister talks to Chinese banks about a $600 million loan...

The Prime Minister talks to Chinese banks about a $600 million loan from China

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The Prime Minister talks to Chinese banks about a $600 million loan from China

The Prime Minister and the Finance Minister will negotiate with Chinese banks for a loan of 600 million dollars from China.

According to the sources, the Commercial Bank of China and the Industrial and Commercial Bank will be discussed for a loan of 600 million dollars, the two Chinese banks were discussed to get a loan of 600 million dollars this financial year, which failed.

According to the sources, the Prime Minister and the Minister of Finance will ask the Chinese banks to remove the strict conditions for the provision of loans, while strict conditions were imposed by China for 600 million dollars from the Bank of China and the Industrial Bank and Commercial.

Sources said the new loan from the Chinese banks is conditional on the payment schedule of the Chinese IPPs, while the two Chinese banks also set a condition for the loan at an interest rate as high as 8 percent.

According to the sources, the government of Pakistan continues to consult for getting this loan from July 2023, while efforts are being made to get a loan of 600 million dollars for the next financial year.

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