Pakistan Rejects $490 Million Islamic Development Bank Loan Over High Interest Rates

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  Sufyan Tahir / 2 hours
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• 4 min read

US Treasury rates have since risen above 5%, amid global geopolitical and economic uncertainties, according to the report. ISLAMABAD: Pakistan has rejected a proposed $490 million commercial loan from the International Islamic Trade Finance Corporation (ITFC), an arm of the Islamic Development Bank (IsDB) Group, over high interest rates, as the country faces substantial gross […]