Pakistan Signs $4.5 Billion Loans With Local Banks to Ease Power Sector Debt

Reuters on MSN.com

Image Credit: Reuters on MSN.com

Please find more details at Reuters on MSN.com

Summary

The government expects to allocate 323 billion rupees annually to repay the loan, capped at 1.938 trillion rupees over six years. The agreement also aligns with Pakistans target of eliminating interest-based banking by 2028, with Islamic finance now comprising about a quarter of total banking assets.

Source: Reuters on MSN.com

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