China gives one billion dollar commercial loan to Pakistan

To combat the current financial crisis especially when the International Monetary Fund (IMF) is not going in new accords, the long-lasting friend of Pakistan, China issued one billion dollars on Friday.
According to the State Bank of Pakistan (SBP) Spokesperson Abid Qamar, Pakistan received a one billion dollar commercial loan from China.
Regarding the receipt of money, it has been confirmed that the money has been received, the SBP spokesperson said, adding that Pakistan had made an advance payment to China this week while the Finance Minister had also told about receiving this loan.