Saudi Loans Swap: $2B JF-17 Jet Deal Eyes Pakistan Lifeline

Pakistan and Saudi Arabia are currently engaged in discussions over a potential defence agreement involving JF-17 fighter jets, according to two Pakistani sources familiar with the matter. The proposal centres on converting approximately $2 billion of existing Saudi loans to Pakistan into a purchase of these aircraft. This arrangement would not only alleviate Pakistan’s financial pressures but
Pakistan and Saudi Arabia are currently engaged in discussions over a potential defence agreement involving JF-17 fighter jets, according to two Pakistani sources familiar with the matter. The proposal centres on converting approximately $2 billion of existing Saudi loans to Pakistan into a purchase of these aircraft. This arrangement would not only alleviate Pakistan’s financial pressures but
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