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 […] source: https://www.cryptopolitan.com/pakistan-asks-china-for-extra-1-4b-swap-line/