News
28 January 2019

IsDB agrees $4.5bn oil financing facility to Pakistan

In:
Oil & gas
Region:
Asia-Pacific

The Islamic Development Bank (IsDB) is providing a three-year $4.5 billion facility to Pakistan to buy oil, which will ease pressure on the country's balance-of-payments.The facility was first activated in July 2018 and Pakistan received oil worth $100 million in the first phase under the...

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