saudi arabia - Truecolumn International 

Pakistan gets $6 billion loan from Saudi Arabia to tackle economic crisis

Pakistan government gets the relief of $6 billion in loans from Saudi Arabia to combat the situation of economic crisis in the country. The loan amount of $3 billion is in foreign currency for a time period of 1 year while another $3 Billion is extended in deferred payment. The loan received by Saudi Arabia will help in the reducing the bailout for Pakistan from the International Monetary Fund (IMF). The agreement between the two countries is done on the Saudi investment conference which was boycotted by several leaders to…

Read More