Pakistan Requests China to Increase Currency Swap Agreement Limit to 40 Billion Yuan
Pakistan is once again turning to its closest ally, China, to help navigate ongoing fiscal challenges. Faced with external financing issues and dwindling reserves, the nation’s Finance Minister, Muhammad Aurangzeb, recently requested an additional 10 billion yuan (USD 1.4 billion) from China, aiming to raise the limits of their existing currency swap agreement to a … Read more