Finally, something to cheer about as Pakistan is said to have secured about $13 billion in additional financial support from two traditional friends — about $9bn from China and over $4bn from Saudi Arabia.
The Chinese leadership promised to roll over $4bn in sovereign loans, refinance $3.3bn commercial bank loans and increase currency swap by about $1.45bn — from 30bn yuan to 40bn yuan.
The total worked out at $8.75bn.
Ishaq dar while responding to questions relating to Saudi Arabia gave positive response and assured them that they gave a positive response.
Mr. Dar said the Chinese side had also agreed to fast-track the processing for a $9.8bn high-speed rail project (Main Line-1) from Karachi to Peshawar.