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SBP stated on Tuesday, GoP has given loan of USD 1.3 billion from Chinese banks to state bank of Pakistan in their loan disbursements project. This will improve their cash flow.

From June 23, after the loan from Chinese bank, official cash flows of State Bank of Pakistan’s has jump to total of USD 3 billion. You can find the official news on twitter account of central bank

According to the sources of skyMarketing, this is not the only loan given to SBPs. Earlier, on June 4, 2020, the world bank had given loan of USD 1 billion and Asian development bank had given loan of USD 500 million to the SBP bank to fight with the current pandemic situation due to corona virus and to overcome economic uncertainties. The last bonus was given under the project of the ADB COVID-19 Active Response and Expenditures Support (CARES).

 

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