
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.
The Brigade headquarters of 'Uri' in the northern area of Kashmir was attacked by terrorist
Even though Washington Sundar was included in the Indian team as a replacement for Axar Patel, Ro
Dera Premi Killing In Punjab: The law and order situation in Punjab is getting worse. Dera lover
Dangerous tests were done on humans in this unit of the Japanese army, its story is horrifying
'Unit 731' is an example of the extent to which a human being can hate another human being. The e
AAP will prove majority in Punjab too, accusing BJP of trying to break MLAs
The Punjab government of the Aam Aadmi Party has also announced to prove majority in the assembly
Gangster Lawrence Bishnoi, an accused in the singer Sidhu Moosewala murder case, was produced in
Jantar-Mantar Kisan Mahapanchayat: Farmers called a Mahapanchayat at Jantar Mantar in Delhi on Mo
The explosion occurred again on Monday at 6:30 am in the area of Heritage Street near Sri Hariman
The fierce battle between Russia and Ukraine continues. Ukraine is also involved in the war. The
The Omicron variant of Corona could cause the third wave of the pandemic. This is to say that Pro