country
EN
Saudi Arabia rolls over $5b debt
['Shahbaz Rana']
The Express Tribune
Pakistan has taken a total of $8 billion in cash deposits from Saudi Arabia, including $3 billion obtained in April this year.
In addition, Saudi Arabia had given $3 billion for three months, which matured this month but were further rolled over.
The gross external financing requirements are the sums needed to meet external obligations.
For the next fiscal year, the International Monetary Fund (IMF) has projected $30 billion in external financing requirements.
He said out of $21.5 billion total financing requirements for the current fiscal year, net debt repayments were $7.5 billion.