Pakistan gets $500 mln from China, officials say: Reuters

KARACHI, Jan 26 (Reuters) - Pakistan has received $500 million from China to help build foreign reserves, two government officials said on Monday.

"The deposit of $500 million from China to Pakistan's central bank is only to build foreign reserves," said one of the officials, both of whom declined to be identified.

"The Ministry of Finance cannot use it for budgetary purposes."

The official also said Pakistan had received $101 million from the United States for logistical support in the campaign against militancy.

Pressure on Pakistan's balance of payments and its currency was easing, partly because of the payments, the official said.

Another government official confirmed that Pakistan had received $500 million from China.

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