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Saudi Arabia rolls over $3 bn loan to Pak

Islamabad: Saudi Arabia has quietly rolled over its USD 3 billion debt to Pakistan as the country struggled to meet the tough conditions of the International Monetary Fund, according to a media report on Friday.The International Monetary Fund in 2024 provided a USD 7 billion loan tied to several conditions, including that the country would ensure financial stability with healthy foreign exchange reserves.The Kingdom had provided a USD 3 billion loan in April this year for three months to help P…

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Economic TimesLean R·2h ago
Saudi Arabia rolls over $3 bn loan to Pak
Islamabad: Saudi Arabia has quietly rolled over its USD 3 billion debt to Pakistan as the country struggled to meet the tough conditions of the International Monetary Fund, according to a media report on Friday.The International Monetary Fund in 2024 provided a USD 7 billion loan tied to several conditions, including that the country would ensure financial stability with healthy foreign exchange reserves.The Kingdom had provided a USD 3 billion loan in April this year for three months to help P…
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Saudi Arabia rolls over $3 bn loan to Pak

How 1 sources are covering this

Saudi Arabia rolls over $3 bn loan to Pak

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