4079Pakistan Current AffairsMedium
Pakistan borrows the second loan of ____________ from ICBC China on January 15?
A$800 million
B$500 million
C$600 million
D$300 million
Correct answer
B. $500 million
Explanation
The government contracted the loan on January 15 at a rate in the range of 4.5%, said sources in the finance ministry. Pakistan has contracted another foreign commercial loan of $500 million from the Industrial and Commercial Bank of China (ICBC).The ICBC had also given $500 million in October 2017..