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of <h1>China Provides $3.7B Yuan Loan to Pakistan, Bolstering Foreign Reserves and Reducing Dollar Dependency</h1> China has assured Pakistan of a USD 3.7 billion loan in Chinese currency before June, helping maintain foreign exchange reserves above double digits. The loan will be refinanced by Chinese commercial banks, moving away from US dollar transactions. This financial support is critical for Pakistan's economic stability, with the International Monetary Fund expecting reserves to increase close to USD 14 billion this fiscal year.
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