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Pakistan has got assurances of a $13 billion financial package from China and Saudi Arabia, including $5.7 billion in fresh loans that would help stabilise the reserves and the rupee, Finance Minister Ishaq Dar said in a statement.
The $13 billion package is equal to 38 per cent of the estimated gross external financing requirements of Pakistan for fiscal year 2022-23, The Express Tribune reported.
Its materialisation can eliminate the threat of default, as the International Monetary Fund (IMF) has not come up with a big financial package despite imposing numerous harsh conditions.
