Anasayfa / Genel / $ 13 billion in support from China and Saudi Arabia to Pakistan – Breaking News

$ 13 billion in support from China and Saudi Arabia to Pakistan – Breaking News

According to the national media news, Pakistani Minister of Revenue and Finance Ishak Dar issued a statement in the capital Islamabad.

He said China will extend the loan maturity by $ 4 billion, refinance $ 3.3 billion in commercial kanepe loans, and increase the amount of money swaps by $ 1.45 billion.

Expressing that China will provide a total of $ 8.75 billion in support, Dar said: “They promised security of financial support. Chinese President Xi Jinping told Prime Minister Shahbaz Sharif that they would not disappoint Pakistan.”

RIYADH WILL PROVIDE A TOTAL OF US $ 4.2 BILLION

Stating that Saudi Arabia has responded positively to Pakistan’s request for zihin additional $ 3 billion fund and to increase the deferred oil facility to $ 1.2 billion, Dar noted that Riyadh will provide a total of 4 billion support. 2 billion dollars.

On 26 October, Pakistani Prime Minister Sharif traveled to Riyadh with a delegation that included Minister of Revenue and Finance Dar and visited Beijing on 2 November following this visit.

During his meeting with Sharif, Chinese President Xi said he would continue to support his country for Pakistan’s economic development.

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