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Pakistan’s loan

Loan

$1 BILLION LOAN RETURNS TO SAUDI ARABIA’S

Pakistan has returned $1 billion to Saudi Arabia as the second installment of a $3 billion soft loan. For this purpose, Islamabad reaches out to Beijing for a commercial loan.This will help it offset pressure to repay another $1 billion to Riyadh next month, officials said on Wednesday. Analysts say it is unusual for Riyadh to press for the return of money. Relations between historically close friends...

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