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Pakistan to receive $2 billion loan from China by Monday

Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced. Ministry's official said that "all procedural formalities" for the transfer of $2.1 billion (15 billion yuan or Rs. 210 crores) loan by China have been completed and "the funds will be deposited by March 25."

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