Pakistani Prime Minister Imran Khan will visit $ 4 billion in a simple loan on Saudi Arabia this month
Islamabad … News Time
Pakistan Prime Minister Imran Khan will discuss a $ 4 billion easy loan on Saudi Arabia’s proposed visit on the current economic crisis this month. Pakistan is also in touch with China and other sources for debt on soft terms. There is a great deal of effort in Islamabad not to take more credit from the World Financial Fund (IMF) and Asian Development Bankand it can face the worst conditions to borrow.
Based on the current economy of Pakistan, Pakistan can get only $ 2.85 billion from the IMF loan on a lesser stringent terms. Pakistan will need $ 12.5 billion for 2018 and 2019 for economic stability while Islamabad already has many foreign loans.
It is also necessary to explain the situation more realistic in the event of non-opposition to the United States; Pakistan will also have to give much tough bail to finance IMF. Due to new legal reforms in IMF, the acquisition of more financial debt has been almost impossible for already-regulated countries. If Prime Minister Imran Khan is ready to pay $ 6 billion from the IMF on the toughest terms for more than $ 6.5 billion, Pakistan will have to approach other sources. Due to the supply of loans in October, further reduction in the value of Pakistani rupees can be stopped. Accordingly, a US dollar value has reached up to Rs 123 in Pakistan. The current worrying economic situation is that Pakistan should reduce its oil needs and other imports by 15% and there should be reforms and measures to increase exports immediately.
The power shortage in Asif Ali Zardari and the period of Nawaz Sharif’s government, proved to be extremely hazardous for exports. Consequently, the balance of imports and exports had worsened. In addition, delivery of foreign Pakistanis also declined by almost 10%.This is a major challenge to not only provide more loans to the new government but IMF’s proposed reforms have become the indispensable need of the country whether the World Financial Instructor should provide a loan! Pakistan has been earning more money for the past lending in the past decade, which is the current current burden of debt which has led to a half-sack economy. Imran Khan Government not only seeks to pay zakaar for previous loans but it is also necessary for the country’s economy to grow. The timely non-payment of external debt can remove Pakistan from the global financial system. In order to remain active in the international economic system, the implementation of both the World Financial Institutions and World Bank’s proposed reforms is inevitable; otherwise, foreign investment in Pakistan will not be possible because investors will not want to risk the economy in a diverse economy.
$ 2 billion from China and $ 4 billion from Saudi Arabia will save Pakistan from being discharged immediately while the soft development of a billion dollars, the Islamic Development Bank will cause debt shortages. The pro-government was also loaned to China with easy terms, while Saudi Arabia also gave a grant of $ 1 billion to Pakistan. Getting long and detailed negotiations with both neighboring and friendly countries requires seriousness of the situation. The neighboring country is not only US sanctions but also in blacklisted by Fatiff. Iran itself has problems and problems, such as Tehran’s government has not offered such financial assistance, nor do its prospects appear in the near future. Turkey can not afford credit supply due to the presence of its internal and regional problems, especially Syrian refugees.
During this visit to Saudi Arabia, the Pakistani delegation will discuss long-term short-term Saudi debt there should be a lot of discussion on the rise in Pakistani exports from the rich Islamic world of the world. There is a wide range of exports to Saudi Arabia and Gulf countries of fruits, vegetables and other agricultural commodities. Additionally, Saudi Arabia is home to more than a million Pakistanis who offer foreign exchange of $ 8 billion per annum to Pakistan. Prime Minister Imran Khan and Minister for Finance Asad Umer, a highly educated in Saudi Arabia and the successful effort to increase sketches of skilled people will cause further boost of foreign exchange delivery. During the recent visits, the high level Saudi delegation has reviewed the progress in most of the investment projects in Pakistan. Saudi Arabia, China and the Islamic Development Bank acquire loans for Pakistan’s economic and economic integrity.
