The Finance Ministry has applied for a total of $1.75 billion in loans from three key financial institutions namely the Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank (IDB), and Standard Chartered Bank, top sources revealed to ProPakistani.
Sources said these loans will help cover essential commodity purchases and infrastructure development. Of the total, $400 million is being sought from the ITFC for the purchase of key commodities, while $350 million has been requested from the IDB for project financing.
Also, Standard Chartered Bank has been approached for a $1 billion loan, primarily to fund infrastructure projects.
Sources said these loans are expected to come with a long-term repayment period and an interest rate of around 5 percent. This borrowing is part of a broader strategy to meet critical financing commitments set by the International Monetary Fund (IMF) for unlocking the new $7 billion loan program. Sources added that the Finance Ministry doesn’t mind seeking higher-interest loans from commercial banks.
Meanwhile, efforts are underway to negotiate a stalled oil loan facility with Saudi Arabia.
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The only news we got nowadays is about the Loans and Loans – the existing government along with their other players are here only to bring Pakistan to the wall but now the Nature will revenge from them.
Just 3 who told u that ?
Entire nation is loaned
These goons have destroyed this country, may they rot in hell along with their supporters.
Pakistan needs to throw in the towel and once and for all say its gone bankrupt with its policies. Stupid Fucks can’t even make sense. It’s a game to them unlocking the 7 billion loan level. Fuck them all.the people had enough.
Teach children what happened in 1978 war. Imran Khan has wasted the generation in his slogans by dancing😎
Teach children what happened in 1971 war. Imran Khan has wasted the generation in his slogans by dancing😎