{"id":97097,"date":"2024-05-12T10:00:00","date_gmt":"2024-05-12T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97097"},"modified":"2024-05-10T18:07:37","modified_gmt":"2024-05-10T13:07:37","slug":"pak-extends-finances-external-needs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-extends-finances-external-needs.html","title":{"rendered":"Pak seeks USD12bn loan rollover from friendly nations"},"content":{"rendered":"\n<p>Islamabad: Pakistan plans to roll over a USD 12 billion loan from friendly countries to cover external financing needs for FY2024-25, as reported by a news source on May 10.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/world-bank-restructuring-for-click-karachi.html\" target=\"_blank\" rel=\"noreferrer noopener\">PAK seeks USD 230 mn World Bank restructuring for Click Karachi&nbsp;<\/a><\/p>\n\n\n\n<p>As per the details, Pakistan needs PKR 23 billion in external financing for the upcoming FY2024-25, and in this context, Islamabad has reportedly decided to seek rollover of USD 12 billion loan from friendly countries including Saudi Arabia, United Arab Emirates and China.&nbsp;<\/p>\n\n\n\n<p>Sources from the finance ministry indicate that Pakistan plans to seek rollovers for loans from Saudi Arabia (USD 5 billion), China (USD 4 billion), and the United Arab Emirates (USD 3 billion) to meet next year&#8217;s external financing needs.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/interior-minister-mohsin-naqvi-elevates-pakistan-coast-guards.html\" target=\"_blank\" rel=\"noreferrer noopener\">Naqvi reveals plan to modernise Pakistan Coast Guards<\/a><\/p>\n\n\n\n<p>The government has also hastened preparations for budget targets before the IMF mission&#8217;s arrival. In response, the Ministry of Finance has instructed relevant ministries to swiftly complete these targets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan plans to roll over a USD 12 billion loan from friendly countries to cover external financing needs for FY2024-25, as reported by a news source on May 10. Read: PAK seeks USD 230 mn World Bank restructuring for Click Karachi&nbsp; As per the details, Pakistan needs PKR 23 billion in external financing for the upcoming FY2024-25, and in this context, Islamabad has reportedly decided to seek rollover of USD 12 billion loan from friendly countries including Saudi Arabia, United Arab Emirates and China.&nbsp; Sources from the finance ministry indicate that Pakistan plans to seek rollovers for loans from Saudi Arabia (USD 5 billion), China (USD 4 billion), and the United Arab Emirates (USD 3 billion) to meet next year&#8217;s external financing needs. Read: Naqvi reveals plan to modernise Pakistan Coast Guards The government has also hastened preparations for budget targets before the IMF mission&#8217;s arrival. In response, the Ministry of Finance has instructed relevant ministries to swiftly complete these targets.<\/p>\n","protected":false},"author":88,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[57656,57785],"persona":[],"class_list":{"0":"post-97097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-govt-of-pakistan","9":"tag-govt-of-punjab-news-and-updates","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak Extends Finances for External Needs - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan aims to extend a USD 12 billion loan from allies to address external financing for FY2024-25, per a May 10 news report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-extends-finances-external-needs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak Extends Finances for External Needs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan aims to extend a USD 12 billion loan from allies to address external financing for FY2024-25, per a May 10 news report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-extends-finances-external-needs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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