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Pakistan: Total foreign loans rise to USD 2.8bn in July

Islamabad [Pakistan], August 23 (ANI): Pakistan’s total foreign loans increased to USD 2.8 billion in the first month (July 2023) of the current fiscal year as a result of additional USD 2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and USD 508 million in guaranteed loans from China for the Pakistan Air Force to purchase “Dragon” multirole fighter aircraft, The News International reported.
In July 2023, f