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Business & Finance Print edition: 2023-03-17

Documentation for ICBC-backed $500m disbursement complete: Dar

Published March 17, 2023 Updated March 17, 2023 06:15am
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ISLAMABAD: Finance Minister Ishaq Dar has stated that documentation for second disbursement of US 500 million dollars from Industrial and Commercial Bank of China (ICBC) has been completed.

The minister tweeted that out of ICBC’s approved rollover facility of $ 1.3 billion (which was earlier repaid by Pakistan to ICBC in recent months), documentation for the second disbursement of $ 500 million has been completed by Finance Ministry for the release of funds to the State Bank of Pakistan.

Copyright Business Recorder, 2023

Pakistan SBP Ishaq Dar ICBC Finance minister Ishaq Dar

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