The Finance Ministry has completed the documentation for second disbursement of 500 million dollars from Industrial and Commercial Bank of China (ICBC) for release of funds to the State Bank of Pakistan (SBP).

In a tweet, Minister for Finance Ishaq Dar said this amount is out of Chinese ICBC's approved rollover facility of 1.3 billion dollar, which was earlier repaid by Pakistan to ICBC in recent months.

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