fintech / news / / Times of India
Pakistan is holding talks with Saudi Arabia and China to secure financial assistance as it prepares to repay a loan of roughly $3 billion to the United Arab Emirates.
Pakistan failed to secure a rollover of $3.5 billion UAE debt for the first time in seven years.
KEY POINTS
- Pakistan plans to issue its first Panda bond, a yuan-denominated instrument, next month for $250 million.
- Talks are ongoing with Saudi Arabia and China for both loans and potential investments to replace UAE support.
- Pakistan is considering issuing Eurobonds, Islamic sukuk, and rupee-linked bonds to raise funds this year.
- The IMF board is expected to approve a $1.3 billion tranche for Pakistan by early next month.
COMPANIES
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