Saudi Arabia and the UAE gave relief to Pakistan in repaying the loan | Latest News 2021 | tipsrival.com
Saudi Arabia and UAE have given relief to Pakistan in debt repayment.
According to finance ministry sources, the UAE has given a one-year relief in debt repayment, while talks are underway with Saudi Arabia to defer a ارب 1 billion loan repayment.
The sources added that with the consent of Saudi Arabia, an agreement will be reached between the two countries this month, while Pakistan will pay 3% interest rate to Saudi Arabia on ڈالر 1 billion.
It should be noted that Pakistan had borrowed 3 3 billion in aid from Saudi Arabia to get out of financial difficulties.
According to sources, loans taken from friendly countries will not be repaid during the IMF program.
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