RIP Pak LAW
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I guess the conditions put by IMF won’t be stern like before.
Govt is hoping to borrow around $7-8 billion only from IMF not $ 12.
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I guess the conditions put by IMF won’t be stern like before.
It's $6 billion in aid: $3 billion for deferred payments of oil and $3 billion to boast reserves.
Moreover, both sides agreed to low working visa fee for Pakistanis.
Whatever you like to call it i.e. aid or financial support.That's not aid.
It's $6 billion in aid: $3 billion for deferred payments of oil and $3 billion to boast reserves.
Moreover, both sides agreed to lower working visa fee for Pakistanis.
That's not aid.
PM Office official statement:
1) Saudia Arab to set a major Oil Refinery in Pakistan
2) Lend $ 3 Billions dollars into Pakistani bank for 1 year to boost dollar reserves. That money won't be used.
3) Oil on deferred payment for 3 years.
Successful trip!
Offtopic, but what happened to the $ 1 Billion from Malaysia?
Yes its not aid.
We will pay it back. This is what Imran Khan wanted as well. Oil refinery will be a game changer for Gwader and Pakistan. Major investment in other sectors is also planned in upcoming months. Saudis want to invest in minerals.
It was a fake news and the propagated amount was $2 billion.Offtopic, but what happened to the $ 1 Billion from Malaysia?
2Offtopic, but what happened to the $ 1 Billion from Malaysia?