Documentation completed for 2nd disbursement of US$500 from China: Ishaq Dar

ISLAMABAD (92 News) - Finance Minister Ishaq Dar has said that documentation for the for second disbursement of US$500 from China has been completed.

In a message on Twitter on Thursday, he said: "Out of Industrial and Commercial Bank of China's (ICBC) approved rollover facility of US$1.3 billion which was earlier repaid by Pakistan to ICBC in recent months, documentation for the second disbursement of US$500 million has been completed by the Finance Ministry for release of funds to the State Bank of Pakistan."

Out of #Chinese ICBC’s approved rollover facility of US$1.3 billion (which was earlier repaid by Pakistan to ICBC in recent months), documentation for second disbursement of US$500 million has been completed by Finance Ministry for release of funds to the State Bank of Pakistan!

— Ishaq Dar (@MIshaqDar50) March 16, 2023