Finance Minister Muhammad Aurangzeb announced on Tuesday that Pakistan has finalised terms for a $1 billion loan from two Middle Eastern banks, marking another step in the country’s efforts to secure much-needed financing.
The loans, agreed at an interest rate of 6-7%, were confirmed during an interview at the World Economic Forum's annual meeting. Aurangzeb revealed that the agreements include one bilateral loan and one trade financing arrangem…

Reuters

United Kingdom

Pakistan has agreed $1 billion loan with two Middle East banks

The loans were short-term, or up to one year, Aurangzeb added.

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News18 India

Mukesh Ambani

India

Exclusive-Pakistan Says It Has Agreed $1 Billion Loan With Two Middle East Banks

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DAVOS, Switzerland - Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country looks for more financing.

The Straits Times

Singapore Press Holdings

Singapore

Pakistan says it has agreed $1 billion loan with two Middle East banks

Says loans are short-term up to one year, adds Pakistan is in good position for IMF review.

Dawn

Dawn Media Group

Pakistan

Finance minister says $1bn loan agreed with two Middle Eastern banks

Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country looks for more financing.

Firstpost News

Mumbai

Maharashtra

Pakistan inks $1 billion loan deal with West Asian banks, eyes IMF review

Terms set at 6-7% interest rate as country continues to look at more financing

Business Recorder

The Express Tribune

Pakistan secures $1b loan from two Middle Eastern banks

The loans were short-term - or up to one year

Zawya

Pakistan says it has agreed $1bln loan with two Middle Eastern banks

Pakistan has secured a $1 billion loan from two Middle Eastern banks, Finance Minister Muhammad Aurangzeb announced on Tuesday during an interview with Reuters at the World Economic Forum (WEF) annual meeting in Davos. The loan carries an interest rate of 6%-7%. Aurangzeb specified that the agreement involves two institutions: one providing bilateral financing and the other offering trade finance. Both loans are short-term, with a maturity of up…

MM News TV

Pakistan gets $1 billion loan from Middle East banks: Aurangzeb

KARACHI – Pakistan again turned to Middle Eastern Banks for $1 billion Loan to shore up finances at 6-7 percent interest rate, Finance Minister Muhammad Aurangzeb said on Tuesday. The country with $350 billion economy secured $1 billion loan agreement with two Middle Eastern banks, as these short-term loans include one bilateral loan and one for trade finance. Finance Minister revealed the deal during an interview at the World Economic Forum (WE…

Pakistan has agreed $1 billion loan with two Middle East banks

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