Pakistan seeks additional $1.5bn loan from Saudi Arabia to secure IMF bailout D_Trends
Pakistan has requested Saudi Arabia to increase its lending by approximately $1.5 billion, adding to the existing $5 billion portfolio, to help meet the external financing requirements necessary for the International Monetary Fund’s (IMF) 37-month bailout package. The IMF requires confirmation from Pakistan’s three key bilateral partners—Saudi Arabia, China, and the UAE—regarding their $12 billion … Read more