Saudi Development Fund to give $380m loan to Pakistan
Business
Saudi Development Fund to give $380m loan to Pakistan
Saudi Development Fund will give loan of $380 million to Pakistan. Secretary Economic Matters Division Sabteen Fazal Haleem and representative of Saudi Fund would sign the agreement in Islamabad tomorrow. Under the agreement, 220 million dollars would be spent for budget support, 100 million dollars to buy Urea fertilizer and 80 million dollars for Neelam-Jehlam Hydro Power Project. The government is facing problems to meet the expenditures allocated in current budget due to delay in FoP (Friends of Pakistan) aid.
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