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Furthermore, Pakistanis are being evacuated from Ternopil and Lviv to Poland, Hungry, Slovakia and Romania as the embassy is coordinating with respective Pakistan missions.
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China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report
This loan has come by augmenting the size of 2011 bilateral Currency-Swap Agreement
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China has sanctioned a $1.5 billion finance line to Pakistan for the country to repay a $2 billion debt owed to Saudi Arabia – half of which is due this Monday (December 14).
Pakistan will use the funding to repay $1 billion immediately on Monday, while the remaining $1 billion is due in January 2021, The Express Tribute reported from sources in the country’s finance ministry and State Bank of Pakistan.
This is not the first time China has bailed out Pakistan, but the loan this time has come by augmenting the size of 2011 bilateral Currency-Swap Agreement (CSA), the sources pointed out.