KARACHI: Pakistan will repay US$ two billion loan to the Kingdom of SaudiArabia (KSA) as per the repayment schedule.
According to the sources, Pakistan is set to return one billion dollars toSaudi Arabia in current month, while the remaining $1 billion would likelybe paid in the next year.
Pakistan has arranged loans from alternate sources, for repayment of Saudiloans, sources in the knowledge of the matter, said.
Pakistan will borrow $1.5 billion from China, while the country will issueeuro bonds within next few weeks, which will likely to generate around 700million US dollars, sources further said.
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In October 2018, Saudi Arabia had agreed to provide US$ 6.2 billion worthof financial package to Pakistan for three years. This included US$ threebillion in cash assistance to address Pakistan’s balance of payment issueand US dollar 3.2 billion worth of oil on deferred payments.
