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Riyadh rolls over $3bn as prospects of $10bn US facility wane

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Dawn
“Riyadh rolls over $3bn as prospects of $10bn US facility wane”

• Aurangzeb says proposed US facility is not essential, would provide additional support if secured • Further Eurobond, Panda bond and rupee-linked dollar-settled issuances planned • Govt targets $4bn reduction in external debt ISLAMABAD: Pakistan has secured a $3 billion rollover from Saudi Arabia, as prospects of a proposed $10bn US backstop facility appear to have waned, it emerged on Wednesday. Speaking to journalists at Parliament House, Finance Minister Muhammad Auran­gzeb confirmed that…

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