Pakistan gets $375m loan from UAE banks

[Khafee]

Pakistan gets $375m loan from UAE banks
Reuters
June 29, 2019

The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Pakistan signed a $375 million syndicated loan with banks in the UAE in June made up of conventional and Islamic banking tranches, the Pakistani government said on Saturday.

The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said. Emirates NBD Capital Limited was global coordinator.

The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.

https://www.khaleejtimes.com/buzzon...d+meeting&utm_medium=email&utm_source=Insider

 

[El Sidd]

Pakistan gets $375m loan from UAE banks
Reuters
June 29, 2019

The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Pakistan signed a $375 million syndicated loan with banks in the UAE in June made up of conventional and Islamic banking tranches, the Pakistani government said on Saturday.

The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said. Emirates NBD Capital Limited was global coordinator.

The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.

https://www.khaleejtimes.com/buzzon...d+meeting&utm_medium=email&utm_source=Insider

Interest rates kia diya?

 

[New World]

Interest rates kia diya?

aik piyari se pappi..

 

[El Sidd]

aik piyari se pappi..

garmi dekho or apna mood dekho

 

[PurAzamBaHadaf]

When will we stop taking loans and actually start to strengthen our economy... still waiting for this govt. to deliver on the promises they made

 

[Dubious]

When will we stop taking loans and actually start to strengthen our economy... still waiting for this govt. to deliver on the promises they made

When people stop relying on hand me outs/ bail outs! Our finances is no longer blessed! When that happens even with money (we took hefty loans) we have none!

We took loans in the past which are maturing now yet we have nothing that was built in the past to actually pay these loans back! Wonder where the money went?!

 

[war&peace]

aik piyari se pappi..

Mate, you should not say such things to a girl on this forum.

When people stop relying on hand me outs/ bail outs! Our finances is no longer blessed! When that happens even with money (we took hefty loans) we have none!

We took loans in the past which are maturing now yet we have nothing that was built in the past to actually pay these loans back! Wonder where the money went?!

Got invested in the same countries from whom we are taking the loans..

 

[BATMAN]

We took loans in the past

We paid loans in past, but current ruling party didn't like that govt. as well.

 

[Yaseen1]

hope this amount will be used to procure good powerful weapons

 

[Dubious]

Got invested in the same countries from whom we are taking the loans..

Yea but we are not getting the benefits of the investments but we are paying back the loans!

 

[BATMAN]

This is in addition to the $billions which are being remitted to Pakistan, every year from gulf, which actually are keeping Pakistan afloat.

Instead of thanking for once, Pakistan's puppet regimes continue to back stab it's donors.

hope this amount will be used to procure good powerful weapons

All of it will be used to hire inlaws in various ministries.

 

[Dubious]

We paid loans in past, but current ruling party didn't like that govt. as well.

Yea well we have no industries no profits since a long time...The only solution has been taking more loans to pay previous ones instead of setting up a better infrastructure for industries! Mr. Industrialist NS also didnt think or couldnt be bothered in such a direction!

 

[BATMAN]

Yea but we are not getting the benefits of the investments but we are paying back the loans!

How come? Imagine Pakistan importing electricity vs producing it self from the power plants installed by loan money?

I agree on half constructed road bring no benefit.

Worst is delayed projects with revised budgets.... and that's PTI for you.

 

[Dubious]

hope this amount will be used to procure good powerful weapons

Weapons? We need industries for the ailing financial situation!

 

[El Sidd]

Weapons? We need industries for the ailing financial situation!

your last post was ironically on a textile mill being closed.

the State needs weapons to protect the GoP when unemployment risks terrorism