Business1 hour ago
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Pakistan Secures $27B in Foreign Loans from Saudi Arabia, China
Pakistan has secured $27 billion in foreign loans, primarily from Saudi Arabia and China, to support its budget and repay external debt. This financial assistance includes $16 billion in new borrowing, despite a 6% decline in exports. The rollover support from these nations plays a crucial role in stabilizing Pakistan's economy amid challenging conditions.
⚖️ AI Verdict
"When it comes to foreign loans, it's a bit of a financial rollercoaster!"
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File ID: #264880Original Source: Times Of India ↗
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