Financial crisis and debt-ridden Pakistan, another mountain of trouble is about to break. Earlier Saudi Arabia increased the tension of Pakistan by asking for its debt money, but now UAE can also give a similar blow. Saudi Arabia has asked Pakistan to repay the debt of $ 3 billion soon, now there is a possibility that Pakistan, which is facing economic difficulties, may also ask the United Arab Emirates to pay the debt.
Saudi Arabia gave a loan of $ 6.2 billion to Pakistan in the year 2018, shortly after Imran Khan became Prime Minister. The $ 6.2 billion debt package announced by Saudi Arabia included a total debt of $ 3 billion and an oil credit facility of $ 3.2 billion.
Bilateral relations have sharply deteriorated after Pakistan sought to form an alternative Muslim alliance with Turkey and Malaysia, threatening Saudi with an IOC meeting on the Kashmir issue. This is the reason that when Foreign Minister Qureshi publicly criticized Saudi and threatened to form a separate Muslim group, it affected that Saudi had started torturing Pakistan. Because of this, Saudi Arabia first refused to pay for the purchase of oil, and then Saudi asked Pakistan to repay the loan last year.
Now that Pakistan is preparing to pay the third and last installment debt of 1 billion to Saudi Arabia, there is another crisis before Pakistan that the UAE will also announce a $ 3 billion financial support package announced in December 2018 Under this, one can demand fast repayment of debt.
The Express Tribune newspaper quoted Pakistan's finance minister as saying that the UAE has not indicated whether Pakistan could be extended a $ 1 billion loan, which is part of the $ 3 billion package, and The payment date for which is 24 January. The loan payment deadline can be extended up to one year.
A senior unnamed official of Pakistan's finance ministry said, "If the UAE does not withdraw the facility, it will be assumed that the debt will be extended for another year. However, the ministry did not comment on the matter saying It did not comment that it was a "bilateral confidential matter". However, the Tribune reported that the Government of Pakistan feared that the UAE, like Saudi Arabia, could seek payment of its debts.
China now remains the only support for Pakistan in crisis. Pakistan has so far taken three loans from its evergreen friend China to repay the loan taken from Saudi. Beijing lent $ 1 million to repay 1 billion baller soft loans and two separate financing lines of $ 1.5 billion and Saudi loans.
'There is no one to light a lamp in the houses of the Mughals, their family tradition...'; CM Yogi spoke on the memory of brave Sahibzadas
Chief Minister Yogi Adityanath has said that in memory of the brave Sahibzadas of Guru Gobind Singh who sacrificed their lives to protect the country and religion, the children who displayed
War against Corona: Preparation to vaccinate the entire country by August 15, Center pledges for door-to-door vaccination
According to the central government's plan, all people above the age of 18 will be vaccinated by the next three and a half months, that is, by August 15. According to the plan, more than 10 lakh
Weather Update Today: Relief from scorching heat will be available soon, know when it will rain in Delhi, this prediction about UP-Bihar
The Meteorological Department has told us when it will rain in the capital Delhi. Right now, Delhi-NCR and the plains of North-West India are witnessing scorching heat. The department has said that
Pakistan: Pressure is being created on the members of the joint investigation team for the findings of the attack: Imran Khan
Former Pakistan Prime Minister Imran Khan on Tuesday said that the members of the Joint Investigation Team (JIT) probing the attack on him in Wazirabad were being pressurized to distance themselves
Cross 1.30 lakh crore for the fifth time: GST collection in February stood at Rs 1.33 lakh crore, up 18% compared to a year ago
The Goods and Services Tax (GST) collection in February stood at Rs 1,33,026 crore. This information has been given in the figures released by the government. This time it has increased by 18% as
Illegal Mining Case: ED notice to Jharkhand CM Hemant Soren, called for questioning tomorrow
The problems of Chief Minister Hemant Soren may increase in the illegal mining case in Jharkhand. In this case, the Enforcement Directorate (ED) has sent a notice to Hemant Soren. Soren has been
1.14 lakh crores are being spent every year on railway safety, Ashwini Vaishnav said – Opposition should not do politics on accidents
Railway Minister Ashwini Vaishnav on Monday said that the government is giving top priority to safety in railways. Railways is spending Rs 1.14 lakh crore per annum on safety.
G-20 Summit: India trying to agree on a statement by including Russia's views on Ukraine
India has proposed that the views of Russia and China be included in the G-20 statement condemning the Ukraine war to avoid a deadlock. Officials gave this information on Thursday. A two-day summit of
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel, know how much are the prices in your city
Oil companies have released the prices of petrol and diesel for today. Today companies have not made any change in oil prices. Recently, the government announced to reduce the prices of petrol and
Corona cases increased in China, panic in Haryana: Minister Vij said – Health department in alert mode; RT-PCR testing machine installed in every district
The increasing cases of Covid-19 in many countries including China have again raised concerns. Fearing the spread of Covid again in the country, the Central Government has issued an alert. Meanwhile,
