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The Economic Times

National

Saudi Arabia rolls over $3 billion loan to Pakistan: Report

Pakistan Saudi Arabia United States the International Monetary Fund

Islamabad: Saudi Arabia has quietly rolled over its USD 3 billion debt to Pakistan as the country struggled to meet the tough conditions of the International Monetary Fund, according to a media report on Friday.

The International Monetary Fund in 2024 provided a USD 7 billion loan tied to several conditions, including that the country would ensure financial stability with healthy foreign exchange reserves.

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