{"id":2207,"date":"2024-07-26T06:52:44","date_gmt":"2024-07-26T06:52:44","guid":{"rendered":"https:\/\/ventil.rs\/blog\/business\/china-and-saudi-arabia-expected-to-roll-over-9-billion-debt-for-pakistan-the-express-tribune\/"},"modified":"2024-07-26T06:52:44","modified_gmt":"2024-07-26T06:52:44","slug":"china-and-saudi-arabia-expected-to-roll-over-9-billion-debt-for-pakistan-the-express-tribune","status":"publish","type":"post","link":"https:\/\/ventil.rs\/blog\/business\/china-and-saudi-arabia-expected-to-roll-over-9-billion-debt-for-pakistan-the-express-tribune\/","title":{"rendered":"China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune"},"content":{"rendered":"


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Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25.<\/p>\n

In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project.<\/p>\n

Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for oil and commodities.<\/p>\n

However, there is no expectation of an extension for the existing oil credit facility from Saudi Arabia.<\/p>\n

The ministry sources also revealed that Pakistan faces over $20.8 billion in payments this year.<\/p>\n

The Geneva Donor Conference in 2023 had promised $10.7 billion, but only $3 billion has been received so far. Pakistan is also working to secure funding based on commitments made at donor conferences.<\/p>\n

Furthermore, Pakistan anticipates a $1 billion loan from the World Bank for the Dasu Hydropower Project.<\/p>\n

The Asian Infrastructure Investment Bank is expected to provide financing for the N-5 project.<\/p>\n<\/div>\n


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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…<\/p>\n

Read More “China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":2208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i.tribune.com.pk\/media\/images\/2674467-saudiaandchina-1721991533-920-640x4801721994806-0\/2674467-saudiaandchina-1721991533-920-640x4801721994806-0.jpg","fifu_image_alt":"","footnotes":""},"categories":[3],"tags":[1499,1492,1495,1494,1497,1500,1493,1498,1491,1496],"class_list":["post-2207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-asian-infrastructure-investment-bank","tag-china-saudi-arabia-loan","tag-dasu-hydropower-project","tag-diamer-bhasha-dam","tag-donor-conference-pledges","tag-economic-aid","tag-islamic-development-bank","tag-n-5-project-financing","tag-pakistan-debt-roll-over","tag-world-bank-loan"],"yoast_head":"\nChina and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune - Breaking News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ventil.rs\/blog\/business\/china-and-saudi-arabia-expected-to-roll-over-9-billion-debt-for-pakistan-the-express-tribune\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune\" \/>\n<meta property=\"og:description\" content=\"Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. 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