Islamabad: Pakistan has requested an additional loan of $1.2 billion from Saudi Arabia.
According to sources in the Ministry of Finance, the government is actively seeking to roll over $12 billion in loans from China, Saudi Arabia, and the United Arab Emirates.
Media sources report that Pakistan has specifically requested an additional $1.2 billion loan from Saudi Arabia to bridge a $2 billion financing gap.
Sources indicate that Pakistan already owes $5 billion to Saudi Arabia in cash deposits, while it also holds $4 billion in cash deposits from China and $3 billion from the UAE.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
