3 billion as GOP (government of Pakistan) loan
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“SBP has received $1.3 billion as GOP (government of Pakistan) loan disbursements from Chinese banks this week,” the State Bank of Pakistan (SBP) said in a tweet. This would help the government service its debt and provide much needed support to balance of payments, they said.”This is a positive development for the external account sector and will help bolster the country’s reserves for the June end closing,” said Saad Hashemy, executive director at BMA Capital. “The fresh disbursements are expected to help the government close a gaping budget deficit and tackle the economic shocks from the COVID 19.”Like many other global economies, Pakistan’s economy faltered in the aftermath of corona induced lockdown imposed in https://www.nbajerseychina.com late March.
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