Pakistan, Saudi Arabia to discuss extending term of $3b loan ...Kuwait

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Pakistan, Saudi Arabia to discuss extending term of $3b loan
Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to help Islamabad's faltering economy.  The Gulf nation has long been an intelligence partner of Pakistan as well as a regular source of financial relief for successive governments. The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shehbaz Sharif, who has inherited a crippling national debt, galloping inflation and a feeble rupee. A joint statement said the kingdom would continue to support the Pakistani economy and had discussed "augmenting the $3 billion deposit with the central bank through term extension or otherwise". Saudia Arabia

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