Govt of Pakistan

Pakistan gets $3.2 billion foreign loan commitments for one year, $1.2 billion Saudi oil facility also available

Pakistan has secured pledges of $3.2 billion in one-year foreign debt, including a Saudi oil facility. Pakistan promised a $1.2 billion oil facility to Saudi Arabia, a $1 billion commercial loan to Dubai Islamic Bank, a $600 million loan to SCB and a $430 million loan to Islamic Development Bank’s ITSC. Conveniently obtained. The borrowing…

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