ISLAMABAD:The Economic Affairs Division (EAD) on Monday clarified its position on obtaining US$ 5 billion new loans from China, Russia and Kazakhstan.
Clarification came in response to the news in the media that the Economic Affairs Division had prepared a plan for obtaining US$ 5 billion new loans from China, Russia and Kazakhstan, said a press release issued by EAD here.
It was clarified that no such proposal was under process in the Economic Affairs Division for obtaining US$ 3 billion loan from China and US$ 2 billion loan from Russia and Kazakhstan.