Pakistan Crisis: Pakistan, which has been struggling with economic crisis for a long time, has received great help from China. China has helped Pakistan with 1 billion dollars. Significantly, there is uncertainty about getting loan assistance from the International Monetary Fund (IMF). In such a situation, this cooperation of China will prove to be very helpful. State Bank of Pakistan (SBP) has confirmed the amount from China.
State Bank of Pakistan (SBP) has confirmed the amount received from China, but has not shared any other details about it. Explain that Pakistan’s currency reserves had reduced to about US $ 3.9 billion in recent weeks. In such a situation, people are yearning to fulfill their basic needs. Earlier, Finance Minister Ishaq Dar said that Pakistan had requested China to provide $ 1.3 billion commercial credit as soon as possible last Monday.
Can’t talk with IMF
Earlier, the IMF had agreed to provide $6.5 billion loan assistance to Pakistan in 2019, but it has not received $2.5 billion out of this. This is because before giving help to Pakistan, IMF has put some conditions. At the same time, Pakistan has been continuously claiming that it has already fulfilled the conditions of the IMF.
Ishaq Dar has targeted the IMF
Pakistan’s Finance Minister Ishaq Dar recently said that the International Monetary Fund (IMF) wants to see Pakistan become Sri Lanka. Actually, Sri Lanka had defaulted last year due to non-payment of foreign debt. Significantly, the danger of default on Pakistan has been hovering for the last several months. Let us tell you that even after all the efforts and long talks, talks between Pakistan and IMF are not being made. In such a situation, the amount received by China will prove to be very useful for Pakistan.
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