Pakistan borrows the second loan of ____________ from ICBC China on January 15?
Correct answer: D. $500 million
- A. $300 million
- B. $800 million
- C. $600 million
- D. $500 million
Explanation
Pakistan obtained a second $500 million loan from China’s Industrial and Commercial Bank of China, or ICBC. The amount is part of the borrowing used to support Pakistan’s external financing needs.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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