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Finance Ministry completes documentation for 2nd disbursement of $500m from ICBC
March 16, 2023

File photo

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.