09.08.2014 - 05:28 [ Reuters ]

Saudi Arabia loans Pakistan $1.5 billion to shore up economy

(13. März) „On a personal guarantee of the prime minister, Saudi Arabia has given $1.5 billion, which has helped bail out the rupee,“ one senior Pakistani government official close to the deal told Reuters, requesting anonymity as he was not authorized to disclose the source and purpose of the funding.

The governor of the Saudi central bank declined to comment, and officials gave no details of the loan terms.