Ailing Pakistan gets $3 bn bailout from Qatar

Ailing Pakistan gets $3 bn bailout from Qatar

Cash-strapped Pakistan on Monday secured a bailout package of USD 3 billion from oil-rich Qatar, a day after Emir Sheikh Tamim bin Hamad concluded his visit to Islamabad

AgenciesUpdated: Monday, June 24, 2019, 11:56 PM IST
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Islamabad/Doha: Cash-strapped Pakistan on Monday secured a bailout package of USD 3 billion from oil-rich Qatar, a day after Emir Sheikh Tamim bin Hamad concluded his visit to Islamabad and agreed to cooperate in the fields of trade, anti-money laundering and curbing terror financing.

Earlier, China gave USD 4.6 billion in shape of deposits and commercial loans and Saudi Arabia provided USD 3 billion cash deposit and USD 3.2 billion oil facility on deferred payments. The United Arab Emirates also provided USD 2 billion cash deposit. Qatar's financial assistance was announced by its foreign minister Sheikh Mohammed bin Abdulrahman Al Thani.

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