Pakistani officials are ready to scrap the China-Pakistan Economic Corridor (CPEC) if the US could offer a similar deal,
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ISLAMABAD: All projections to curtail the rising current account deficit dashed to the ground in the wake of rising international prices; it is being feared that Pakistan is heading towards a historic record of $20 billion deficit mark. In the wake of the ongoing lingering war between Russia and Ukraine, it has multiplied the worries of Pakistan’s economic managers owing to rising POL and commodities prices in the international markets.
Embassies ordered to divert funds to Ukraine for evacuating Pakistani Nationals.
Till date neither any Pakistani evacuated nor we have funds left to pay salary to our employees.
Should we also start asking funds from India as Pak Nationals are using Indian flag to flee #Ukraine
ISLAMABAD: Pakistan has sought financial support of about $ 21 billion from China through rollover of existing loans of $ 10.735 billion and $ 10 billion as deposit fund, to meet future financial needs and deal with financial challenges, well informed sources in Finance Ministry told Business Recorder.