Pakistan gives $ 1 billion to China's revival

China has given $ 1 billion loan to revive the decadent foreign exchange reserve of Pakistan. Two fundamentalists told Reuters that Islamabad has received this assistance from Beijing in the international money fund-another IMF bailout fear.

In 2010, Pakistan's foreign exchange reserves dropped to $ 9.66 billion from $ 16.4 billion last week. Pakistan received a loan of about $ 5 billion from China in the year ending June.

Both sources said that Pakistan took 1.5 billion dollar bilateral loan from China in the first 10 months of last fiscal year. At the same time, the country took a commercial loan of $ 2.9 billion from various banks of China.

However, two sources of the Pakistan Finance Ministry confirmed the matter, but there was no response from the Finance Ministry regarding this.