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    <title>Saudi Arabia major source of cheap foreign loans for Pakistan: report</title>
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    <description>Saudi Arabia provides Pakistan with low-cost bilateral cash deposit facilities that are rolled over annually without added costs; these deposits form a substantial share of Pakistan&#039;s foreign exchange reserves and are expected to be extended to meet IMF conditions requiring certain bilateral creditors to maintain deposits until the IMF programme concludes. Other bilateral and commercial loans carry higher pricing-often tied to SOFR plus margins or denominated/converted into Chinese currency-creating refinancing pressure and prompting reliance on multilateral credit guarantees.</description>
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