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The Industrial and Commercial Bank of China ((ICBC) has approved a rollover of $1.3 billion loan for cash-strapped Pakistan, which will help shore up its depleting foreign exchange reserves, Finance Minister Ishaq Dar said.

The facility will be disbursed in three installments. The first one of $500 million has been received by Pakistan's central bank, Dar said in a tweet. "It will increase forex reserves,"
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