China bails out Pakistan to repay one billion Saudi debt

GMK Staff
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China has agreed to provide $1 to $1.5 billion financing line to Pakistan, allowing Islamabad to repay $1 billion to the Kingdom of Saudi Arabia this week.

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Islamabad is all set to repay the $2 billion Saudi debt in the shape of SAFE deposit tomorrow.

 

Also Read : Weather likely to remain dry for a week across JK

 

The last tranche of $1 billion according to reports  will be repaid next month.

GMK staff
GMK Staff

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