Pakistan has repaid another installment of the loan taken by Saudi Arabia by paying one billion dollars. To repay this debt, Imran Khan’s government has taken a loan from China. Pakistan is yet to pay the third and final installment of Saudi Arabia in January. There is a possibility of taking another loan from China for this also.
According to Pakistani newspaper ‘Dawn’, the Imran government has paid two installments to Saudi Arabia by taking two billion dollars from China. Whereas for the third installment, the government is under pressure to take loans once again from China itself.
Let me tell you that when Pakistan was on the verge of bankruptcy last year, it saved Saudi Arabia by giving it 6.2 billion dollars, out of which three billion dollars was in the form of cash loan. The remaining $ 3.2 billion was given as borrowing oil.
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According to the newspaper report, the kind of pressure that Saudi Arabia put on Pakistan to repay the debt does not create any other country.
China will get us out of trouble
Don newspaper wrote quoting an official of Pakistani Ministry of Finance that China will now get Pakistan out of trouble. The official admitted that our talks with the commercial banks of China are on.
Explain that when Saudi demanded his loan back, then Pak Army Chief Bajwa went to Riyadh and tried hard to defer the matter. But the Saudi Crown Prince did not even meet him.
