Pakistan lines up $4bn loan from Saudi-backed bank | Goonj

Pakistan lines up $4bn loan from Saudi-backed bank

Ayesha Naz in “Think Tank” covered these topics:
• Pakistan plans to borrow more than $4bn from the Saudi-backed Islamic Development Bank as part of its attempts to restore dangerously low stocks of foreign currency.
Two officials have told the Financial Times that the Jeddah-based bank has agreed to make a formal offer to lend Islamabad the money when Imran Khan takes over as prime minister. They added that they expect Asad Umar, Mr Khan’s proposed finance minister, to accept.
• Senior political analyst Haroon ur Rasheed said that, “Governor and Speaker NA’s nomination are good decisions”
• Senior political analyst Salman Ghani said that, “PTI’s intention is right, correct direction is required”
• The Pakistan Tehreek-i-Insaf (PTI) on Friday announced Senator Chaudhry Muhammad Sarwar and MNA-elect Asad Qaiser as the party’s nominees for the positions of Punjab governor and National Assembly speaker respectively.
PTI Vice President Shah Mahmood Qureshi made the announcement at a press conference after a party meeting.
Sarwar has held the post of Punjab governor in the past, whereas Qaiser was previously elected Khyber Pakhtunkhwa Assembly speaker.