Pakistan has formally requested the United Arab Emirates (UAE) to roll over a $3 billion loan before its maturity. According to sources in the Ministry of Finance, Prime Minister Shehbaz Sharif sent a letter to UAE leadership requesting the rollover of the loan, which is due for repayment in two installments – $2 billion this […]
$3 billion
Pakistani rupee gains value after $3bn Saudi inflows
KARACHI: The Pakistani rupee registered gains against the United States (US) dollar in intra-day trading in the interbank currency market on Monday on the back of $3 billion Saudi inflows. According to forex dealers, the domestic unit appreciated by Rs0.59 to Rs176.18 against the greenback, compared to the previous close of Rs176.77. The rupee had […]
Saudi Arabia to give $3 bn to Pakistan as balance of payment support
ISLAMABAD: Prime Minister Imran Khan’s visit to Saudi Arabia resulted in significant understanding between the two countries as Saudi Arabia has agreed to provide Pakistan $3 billion for one year as balance of payment support. The Foreign Office in a statement issued said that the Saudi Arabia will provide Pakistan $3 billion as balance of […]