China to transfer 2 billion dollars to Pakistan

Financial Times has claimed that China is going to transfer two billion US dollars to Pakistan, to stabilize its financial condition, ARY News reported on Tuesday.

According to a report published in a Britain newspaper, China does not want to see its old friend Pakistan going through economic turmoil, and has decided to support Pakistan with $2billion aid in the present scenario.

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“The aid will be helpful in boosting foreign reserves of Pakistan,” the report said.

Pakistan is also holding talks with the International Monetary Fund (IMF) for another bailout package, the next round of talks to take place in the current month of January.

PM Khan had said on December 28 that the government of Pakistan is not in hurry for International Monetary Fund (IMF) bailout package.

Talking to journalists in Islamabad, the PM said “Government will not take IMF’s dictation, neither in hurry for entering into another bailout program”.

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