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Tag: Islamic Development Bank

China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune

Posted on July 26, 2024 By Admin No Comments on China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune
China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune

Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for oil…

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