{"id":1387,"date":"2022-11-05T17:42:03","date_gmt":"2022-11-05T17:42:03","guid":{"rendered":"https:\/\/africaparrot.com\/?p=1387"},"modified":"2022-11-05T17:42:05","modified_gmt":"2022-11-05T17:42:05","slug":"pakistan-to-receive-13b-in-funding-from-china-saudi-arabia","status":"publish","type":"post","link":"https:\/\/africaparrot.com\/index.php\/2022\/11\/05\/pakistan-to-receive-13b-in-funding-from-china-saudi-arabia\/","title":{"rendered":"Pakistan to receive $13B in funding from China, Saudi Arabia"},"content":{"rendered":"<p>Pakistan has been assured of $13 billion in funding from China and Saudi Arabia.<\/p><div class=\"afric-content\" id=\"afric-2774874027\"><a href=\"https:\/\/www.schools.nyc.gov\/hello?utm_source=ecm-digital&#038;utm_medium=cpc&#038;utm_campaign=lac-dex-2026&#038;utm_content=french\" aria-label=\"French&#8212;300&#215;250\"><img src=\"https:\/\/i0.wp.com\/africaparrot.com\/wp-content\/uploads\/2026\/01\/French-300x250-1.gif?fit=300%2C250&#038;ssl=1\" alt=\"\"  class=\"no-lazyload\" width=\"300\" height=\"250\"   \/><\/a><\/div>\n<p>This is following the nation&#8217;s battle with the aftermath of catastrophic floods.<\/p>\n<p>Following the country\u2019s Prime Minister Shehbaz Sharif\u2019s recent visit to Beijing, China has agreed to roll over $4 billion worth of sovereign loans to the South Asian nation, refinance another $3.3 billion in commercial bank borrowings and increase currency swap facility by as much as $1.45 billion, confirmed Pakistan\u2019s Finance Minister Ishaq Dar.<\/p>\n<p>The country is among a host of emerging- and frontier-market nations struggling to service heavy debt as their currency weakens against the US dollar and borrowing costs rise.<\/p>\n<p>Its predicament has been worsened by climate change exacerbated flooding that led Moody\u2019s Investors Service to downgrade the nation deeper into junk.<\/p>\n<p>Saudi Arabia has also \u201cgiven a positive response to Pakistan\u2019s request for an additional $3 billion in funding and doubling of its deferred oil facility to $1.2 billion,\u201d according to reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan has been assured of $13 billion in funding from China and Saudi Arabia. This is following the nation&#8217;s battle with the aftermath of catastrophic floods. Following the country\u2019s Prime Minister Shehbaz Sharif\u2019s recent visit to Beijing, China has agreed to roll over $4 billion worth of sovereign loans to the South Asian nation, refinance [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pakistan to receive $13B in funding from China, Saudi Arabia - Africa Parrot<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/africaparrot.com\/index.php\/2022\/11\/05\/pakistan-to-receive-13b-in-funding-from-china-saudi-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan to receive $13B in funding from China, Saudi Arabia - Africa Parrot\" \/>\n<meta property=\"og:description\" content=\"Pakistan has been assured of $13 billion in funding from China and Saudi Arabia. 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