Saudi Arabia Seeks Early Repayment Of Loan From Pakistan Amid Diplomatic Tussle
Saudi Arabia is reportedly demanding Pakistan to repay a $3bn loan before schedule amid diplomatic tensions between the two countries. Foreign Times reported that Pakistan’s strife with its longtime ally Saudi Arabia has put the PTI government in a difficult position.
Pakistan returned the $1bn of the loan approved by Saudi Arabia in 2018. Saudi Arabia is now seeking repayment of the remainder of the loan, the report quoted sources as saying.
Earlier, in an ultimatum to Saudi Arabia, Foreign Minister Shah Mahmood Qureshi had said that Pakistan would have to look for other options if the Organisation of Islamic Cooperation doesn’t come forward in support of its stance on Kashmir.
Qureshi had said that OIC that is led by Saudi Arabia should decide if it wanted to stand with Pakistan on such a sensitive issue, as Pakistan can’t wait for Saudi support anymore. He had said Pakistan skipped Malaysia summit though with a ‘heavy heart’ due to Saudi Arabia’s reservations, so now it was time for Saudis to step forward.