Tom Kirkman

Islamic Development Bank to Loan Oil and LNG to Pakistan

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This seems ... unusual.

Islamic Development Bank to loan oil to Pakistan

  • Pakistan has entered into an arrangement to borrow billions of dollars worth of oil
  • The country says it is also in talks with the bank to borrow Liquefied Natural Gas (LNG)
  • Separately, Pakistan has received $6 billion in a bailout package from Saudi Arabia

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