Saudi Arabia pressurizes Pakistan to repay loans

According to a Baaghi TV report, Prime Minister Imran Khan delivered a speech last week on the one-year anniversary of the end of the special status of Occupied Kashmir. Pakistan’s Army Chief General Qamar Javed Bajwa is being sent to Saudi Arabia this weekend to ease growing diplomatic tensions. Saudi Arabia is demanding early repayment of a 3 billion dollar loan from Pakistan. According to the news agency, a dispute has started between the two longtime allies. Saudi Arabia is putting pressure on Prime Minister Imran Khan’s government and pushing Pakistan into the arms of its second traditional ally Beijing. Riyadh has demanded repayment of part of the 3 billion dollar loan from Pakistan and has also suspended the 3.2 billion dollar oil loan facility due to a dispute over New Delhi over Indian-administered Kashmir. According to the news agency, people close to the government informed that in July, Saudi Arabia forced Pakistan to repay a 1 billion dollar loan approved in 2018. According to people close to the government, the two sides are now in talks to pay off the remaining debt. According to the news agency the president of a private Pakistani bank said, “The Saudis have demanded … Continue reading Saudi Arabia pressurizes Pakistan to repay loans