{"id":24322,"date":"2025-01-22T06:15:43","date_gmt":"2025-01-22T06:15:43","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=24322"},"modified":"2025-01-22T06:15:44","modified_gmt":"2025-01-22T06:15:44","slug":"pakistan-agrees-1bln-loan-with-two-middle-eastern-banks-aurangzeb","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=24322","title":{"rendered":"Pakistan agrees $1bln loan with two Middle Eastern banks, Aurangzeb"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"850\" height=\"478\" src=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2025\/01\/3785573751737476686.jpg\" alt=\"\" class=\"wp-image-24323\" srcset=\"https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2025\/01\/3785573751737476686.jpg 850w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2025\/01\/3785573751737476686-300x169.jpg 300w, https:\/\/theasiantelegraph.global\/wp-content\/uploads\/2025\/01\/3785573751737476686-768x432.jpg 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<p>DAVOS: &#8211; Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters, as the South Asian country looks for more financing.<br>&#8220;With two institutions we have now gone forward in signing up the term sheet &#8211; one bilateral and one for trade (finance),&#8221; Aurangzeb said during an interview on the sidelines of the World Economic Forum annual meeting in Davos.<br>The loans were short-term &#8211; or up to one year, Aurangzeb added.<br>Pakistan aims to boost its finances after securing a $7 billion International Monetary Fund (IMF) bailout in September 2024, with the first review set for late February.<br>&#8220;We have the first formal review of the EFF coming through towards (the) end of February,&#8221; Aurangzeb said. &#8220;I do think we are in good stead for that review.&#8221;<br>IMF extended fund facilities (EFFs) provide financial assistance to countries facing serious medium-term balance of payments problems resulting from structural weaknesses that require time to address.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DAVOS: &#8211; Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters, as the&hellip; <\/p>\n","protected":false},"author":8,"featured_media":24323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,13],"tags":[2320,2346],"class_list":["post-24322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-main-stories","tag-finance-minister-pakistan","tag-reuters-tv"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/24322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24322"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/24322\/revisions"}],"predecessor-version":[{"id":24324,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/24322\/revisions\/24324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/24323"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}