China pledges Pak $3.7 bn aid

To keep forex reserves in double digits

PTI

Islamabad, Updated At : 04:37 AM May 29, 2025 IST

China has assured Pakistan of re-lending $3.7 billion in loans, denominated in Chinese currency, before the end of June, in a move that will help keep the foreign exchange reserves in double digits, according to a media report on Wednesday.

Unlike in the past, when Beijing has given loans in non-Chinese currency too, this time Pakistan’s strategic ally has decided not to give loans in US currency as part of its drive to decouple the economy from the dollar, government sources said.

They said China gave these assurances during recent meetings, aimed at securing the refinancing of loans maturing between March and June 2025.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

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