சவுதி அரேபியா அடிப்படையிலானது இஸ்லாமிய வளர்ச்சி வங்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A debt-ridden Pakistan has signed an agreement with Saudi Arabia-based Islamic Development Bank (IDB) to borrow USD 4.5 billion to alleviate oil and gas shortages that are crippling the economy and people s livelihoods through power cuts and fuel disruptions. The loan, issued by IDB, will be used to pay for crude oil, refined petroleum products, liquefied natural gas (LNG) and industrial chemical urea over the next three years, Asia Times reported. The agreement was reached with the International Islamic Trade Finance Corporation (ITFC), the trading arm of the Jeddah-based IDB. The opposition parties blame the crisis on lethargy and mismanagement by the Prime Minister Imran Khan-led PTI government. They have pointed to delays in buying furnace oil and say a vessel crucial to the distribution of LNG is inexplicably out of action in drydock when it is most needed.

Saudi arabiaNorth west frontierMiftah ismailMuslim league nawazFarrukh saleemImran khanInternational islamic trade finance corporationSaudi islamic development bankSaudi arabia based islamic development bankAsia timesPrime minister imran khan ledIslamabad based pakistaniசவுதி அரேபியாவடக்கு மேற்கு எல்லைமிப்தாஹ இஸ்மாயில்முஸ்லீம் லீக் நவாஸ்