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SBP to receive 3rd disbursement of $300m from China today

ISLAMABAD:Finance Minister Ishaq Dar has said the State Bank of Pakistan (SBP) would receive back third and last disbursement today (Friday) in its account amounting to 300 million dollars from Industrial and Commercial Bank of China.

In a tweet on Friday, he said the amount is out of Chinese Bank’s approved facility of 1.3 billion dollars, which was earlier repaid by Pakistan. The Finance Minister said it will shore up forex reserves of Pakistan.

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