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Pakistan Repays $1B Chinese Loan, Eyes Fresh RefinancingPakistan has successfully repaid a $1 billion loan to the Industrial and Commercial Bank of China (ICBC) in two installments. However, this repayment has temporarily brought down the country’s foreign exchange reserves to $10.6 billion. Despite this significant outflow, Islamabad remains hopeful of securing refinancing from China, a crucial move as another $300 million repayment to ICBC...0 Comments 0 Shares 973 Views 0 Reviews
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Pakistan’s $20 Million Loan to Sri Lanka: A Case of the Struggling Helping the Struggling?Pakistan’s Economic Woes and Sri Lanka’s Loan: Nabeel Zafar’s Take Sparks Debate In a recent statement that has stirred discussions on social media, Pakistani actor and commentator Nabeel Zafar compared Sri Lanka’s decision to take a $20 million loan from Pakistan to a struggling household borrowing from another struggling home. His remarks have sparked mixed reactions,...0 Comments 0 Shares 1K Views 0 Reviews
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Pakistan’s Soaring Fuel Costs: Record-High Petroleum Levy Drives InflationConsumers in Pakistan are facing record-high fuel prices as the government imposes unprecedented taxes, duties, and margins on petrol and high-speed diesel. According to official documents, citizens are paying a staggering Rs 107.12 per litre in various charges on petrol, while diesel carries additional costs of Rs 104.59 per litre. Breakdown of the Fuel Price Hike The cost of petrol in...
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