Pakistan receives $700 million funds from China — finance minister 

Pakistani labourers arrange a welcome billboard featuring the Chinese and Pakistani national flags ahead of the forthcoming visit by Chinese President Xi Jinping in Islamabad on April 18, 2015. (AFP/FILE)
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Updated 25 February 2023
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Pakistan receives $700 million funds from China — finance minister 

  • Cash-strapped Pakistan is making desperate attempts to secure external financing amid an economic crisis 
  • The country is immediately looking for a $1.2 billion loan tranche from the IMF to keep the economy afloat 

ISLAMABAD: Pakistan’s Finance Minister Ishaq Dar said on Friday his country had received $700 million funds from the China Development Bank, which would help shore up dwindling forex reserves of the South Asian country. 

Dar this week said all formalities had been completed and Beijing had approved the financing of $700 million for the cash-strapped South Asian country. 

“Funds $ 700 million received today by State Bank of Pakistan from China Development Bank,” the finance minister said on Twitter. 

Cash-strapped Pakistan has been making desperate attempts to secure external financing to stave off a balance-of-payment crisis, with its forex reserves depleting to $3.2 billion, currency hitting new lows against dollar and inflation at a multi-decade high. 

The country is immediately looking for a $1.2 billion loan tranche from the International Monetary Fund (IMF), as part of its $7 billion bailout program, to keep the economy afloat. 

The release of IMF tranche, stalled since late last year, will unlock funding from other multilateral and bilateral donors too. 


Pakistan to hold first nationwide anti-polio drive of 2026 tomorrow 

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Pakistan to hold first nationwide anti-polio drive of 2026 tomorrow 

  • Trained polio volunteers to vaccinate over 45 million children countywide from Feb. 2-8 
  • Pakistan reported 31 polio cases in 2025, a significant decline from 74 cases in 2024

ISLAMABAD: Pakistani health authorities will launch the first nationwide anti-polio campaign of the year tomorrow, Monday, to vaccinate over 45 million children against the disease, state media reported. 

Pakistan recorded a significant decline in polio cases last year compared to 2024, when the South Asian country reported an alarming 74 cases. In 2025, the number of polio cases in Pakistan dropped to 31. 

Authorities say the progress in anti-polio efforts reflects strengthened program implementation, enhanced surveillance and improved coordination between federal and provincial stakeholders. This year’s first anti-polio campaign will take place from Feb. 2-8. 

“A nationwide anti-polio campaign will begin from tomorrow,” state broadcaster Radio Pakistan reported on Sunday. 

“During the campaign, 45 million children under five years of age will be vaccinated with anti-polio drops.”

Pakistan and Afghanistan remain the only two countries worldwide where polio remains endemic. Both countries held several vaccination campaigns last year in a bid to eliminate the disease from the country. 

Prime Minister’s Focal Person for Polio Eradication Ayesha Raza Farooq said last week that around 400,000 trained polio workers will vaccinate children in the door-to-door campaign. 

Pakistani health officials have cited the deteriorating security situation in the country as a major obstacle in its bid to eliminate polio from the country. 

Polio workers and their security escorts have repeatedly been targeted in militant attacks, particularly in parts of the northwestern Khyber Pakhtunkhwa (KP) and Balochistan provinces, complicating efforts to reach every child.

A gun attack targeting a polio vaccination team in Pakistan’s northwestern Bajaur district in December 2025 left one police constable and a civilian dead.

Natural disasters, including flooding, have also disrupted vaccination campaigns in recent years.