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Saudi Arabia lends $3 billion to Pakistan as part of economic aid
short by Atharva Pande / on Saturday, 4 December, 2021
Pakistan received a $3 billion (over ₹20,000 cr) loan from Saudi Arabia as part of an economic support package, said Pakistan PM's Finance Advisor, Shaukat Tarin. The loan will be for one year at a 4% interest rate and will include a $1.2 billion oil loan facility. This comes after a deal was signed last month in Riyadh.
read more at Reuters