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Pakistan will now repay the dues of Saudi Arabia by taking loans from China

Pakistan is under the burden of debt. Once upon a time, Pakistan and Saudi were friends, but today Pakistan has to pay the debt of Saudi by taking a loan from China.

Pakistan is under the burden of debt. Once upon a time, Pakistan and Saudi were friends, but today Pakistan has to pay the debt of Saudi by taking a loan from China. On the other hand, China has given a total assistance of 11 thousand crores to Pakistan.

Pakistan will now repay the dues of Saudi Arabia by taking loans from China - The Wall Post
Pakistan will now repay the dues of Saudi Arabia by taking loans from China

China is not making it public, the money it owes to Pakistan. Similarly, China’s debt burden on Pakistan is increasing. Last year itself, Pakistan paid a loan of about 20.5 billion to China. Here, China has become Pakistan’s biggest lender in a while.

China is giving this loan not only to develop Pakistan technology but also to pay the debts of other neighboring countries.

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After two visits by Pakistan Prime Minister Imran Khan in 2018, Saudi had agreed to give a total loan of $ 6.2 billion for three years. In which 3 billion dollars in cash and the remaining money was received on the basis of gas and oil, of which gas and oil had to be paid every year. Which means Pakistan has to pay 1 billion dollars.

With Inputs from Jagran