Finance Minister Muhammad Aurangzeb, who met with China's Vice Minister of Finance Liao Min on the sidelines of the annual meetings of the IMF and the World Bank, requested the Chinese side to raise the limits under the currency swap agreement to 40 billion yuan, a statement issued by the Finance Ministry said.If Beijing accepts, the total facility will reach approximately USD 5.7 billion, The Express Tribune reported.This is not the first time Pakistan has requested an increased debt limit, however, Beijing has declined all such past requests. This latest request comes less than two weeks after China extended the current USD 4.3 billion (30 billion yuan) facility for another three years.

Pak seeks addl 10bn yuan loan from China

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.