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The Nexus
BUSINESSJul 23 · 02:52 UTCDAWN[email protected] (Khurram Husain)

Here come the dollars

Pakistan's government is seeking a $10 billion swap line from the US Exchange Stabilisation Fund and has engaged in financial transactions with the UAE and Saudi Arabia to inject dollars into the economy. The country secured a credit rating upgrade from Standard & Poor’s and is negotiating a $6.7 billion oil facility with Saudi Arabia.

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Mentioned
Muhammad AurangzebpersonUS Treasury SecretarypersonExchange Stabilisation FundorganizationUAEplaceSaudi ArabiaplaceStandard & Poor’sorganizationGlobal Medium-Term Notetopic
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Here come the dollars · The Nexus