Pakistan seeks extra 10b yuan on swap line

Pakistan seeks extra 10b yuan on swap line

Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the country would launch a Panda bond before year-end. Pakistan has an existing 30 billion yuan swap line already, Aurangzeb told Reuters in an interview on the sidelines of the International Monetary Fund and World Bank Group spring meetings in Washington. "From our perspective,…

Pakistan Requests China to Increase Currency Swap Agreement by 10 Billion Yuan

Pakistani Finance Minister Muhammad Aurangzeb said that his country requested China to increase its existing currency swap agreement by 10 billion yuan, about $1.4 billion, and expects Islamabad to issue Panda bonds before the end of the year.

Pakistan asks China for extra $1.4 billion swap line, plans Panda bond launch

Pakistan has asked China for an extra 10 billion yuan—around $1.4 billion—on top of its current swap line, Finance Minister Muhammad Aurangzeb said, according to Reuters. Speaking during the International Monetary Fund and World Bank Group spring meetings in Washington, Muhammad confirmed that Pakistan already holds a 30 billion yuan currency swap with China but now wants to boost it to 40 billion yuan. “From our perspective, getting to 40 billi…

Pakistan requests extra 10bn yuan on China swap line, says finance minister

Pakistan has existing 30 billion yuan swap line already, Aurangzeb says

Pakistan requests extra 10 billion yuan on China swap line, says finance minister

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