Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
China's Belt and Road Initiative (BRI) has left scores of Lower and Middle-Income Countries (LMIC) saddled with "hidden debts." China is using debt rather than aid to establish a dominant position in the international development finance market.
Beijing [China], May 6 (ANI): He Xingxiang, former vice president of China Development Bank, has been indicted on charges of taking bribes, local media reported on Friday.
Beijing [China], February 14 (ANI): He Xingxiang, a former member of the Communist Party Committee and vice president of China Development Bank, was arrested on corruption charges, according to China's Supreme procuratorate's report on February 13.