‘Bankrupt’ Pak takes $500 MN from China; PM Sharif ‘begs’ Qatar for more money

Just 24 hours ahead of Pakistan's virtual meetings with the International Monetary Fund (IMF) to secure the last tranche of $1.1 billion from its deal, the State Bank of Pakistan has received $500 Million financing from Industrial and Commercial Bank of China. Pakistan's Finance Minister Ishaq Dar said that it is the first instalment of a rollover of a $1.3 billion loan for the cash-strapped nation, which will help shore up its depleting foreign exchange reserves. On the other hand, PM Shehbaz Sharif has landed in Qatar to secure more funds from the Arab nation. Watch this video for more details.