VOL. XLI
No. 30
27-July-1998
KUWAIT
Kuwait Offers Pakistan $250Mn
Pakistani Finance Minister, Mr. Sartaj Aziz, has announced that Kuwait is to offer$250mn in financial support to Pakistan to assist with the country's balance of paymentsproblems and help avoid a debt crisis. The money is being lent for a two-year period andcarries an annual interest rate of 4%. Pakistan's foreign reserves have fallen to below$600mn, representing less than three weeks worth of import payments. No statement has...
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