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.
Traffic block has been taken from April 15 to 18 due to the construction of a road between Bijwas
Terrorist organizations based in Pakistan had maintained a local network of arms and ammunition,
Threat of terrorist attacks in India, angered by advisory, Canada now advises its citizens
Canada has advised its citizens traveling to India not to go to the border states such as Punjab,
In the TET paper leak case in Uttar Pradesh, it has been revealed that Sanjay Upadhyay, secretary
This gaming smartphone is going to be launched with Snapdragon 8+ processor, know the features
Asus ROG Phone 6 Launch in July: Taiwanese company ASUS is going to launch its new smartphone Asu
Delhi Weather Update: Amidst the bitter cold, the minimum temperature in the capital has dropped
After the Indian Army's Operation Sindoor on Pakistani terrorist camps, India's female military o
One Month of Bhagwant Mann Government: The Bhagwant Mann government of Punjab has given a big gif
What if UP becomes Kerala? Adityanath asked; Kerala CM Pinarayi Vijayan replied
On the day of voting for the first phase of the Uttar Pradesh assembly elections, a debate has br
RJ Mahvash was seen supporting Yuzvendra Chahal's team, the Punjab Kings, during the IPL match. R
