Tag: international reserves
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China approves rollover of $2 billion SAFE deposits for Pakistan
China has given approval for the rollover of $2 billion State Administration of Foreign Exchange (SAFE) deposits for a year. Pakistan’s Finance Minister, Ishaq Dar, confirmed, stating that the rollover was a requirement of the International Monetary Fund (IMF). The IMF had requested the rollover of Chinese SAFE deposits to fulfill external financing needs and…