Pakistan returned $1 Billion to Saudia Arabia, which had been lent out earlier.
Pakistan’s Foreign Minister Shah Mahmood Qureshi confirmed that Pakistan returned $1 billion out of the remaining $2 billion, attributing it to the “financial constraints” of the kingdom due to the recent decline in oil prices in the international market. He dispelled the impression that there is any rift in Pakistan-Saudi relations due to which Pakistan was asked to repay the loan extended in 2018 to help Pakistan stabilize its balance of payments.
Leave a Reply