{"id":243867,"date":"2022-02-11T16:53:28","date_gmt":"2022-02-11T11:53:28","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=243867"},"modified":"2022-02-11T16:53:28","modified_gmt":"2022-02-11T11:53:28","slug":"we-can-extend-time-frame-for-returning-loan-to-saudi-arabia-can-be-extended-if-need-be-shaukat-tarin-tells-senate","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/we-can-extend-time-frame-for-returning-loan-to-saudi-arabia-can-be-extended-if-need-be-shaukat-tarin-tells-senate\/","title":{"rendered":"We can extend time frame for returning loan to Saudi Arabia can be extended if need be: Shaukat Tarin tells Senate"},"content":{"rendered":"<p>Finance Minister (FM) Shaukat Tarin has said in Senate  the time frame for returning Saudi loan is one year and we will extend the date in this regard if need be.<br \/>\nJI Senator Mushtaq Ahmad asked from FM if any clause for extending date in  returning  Saudi loan is included in the agreement. Earlier the loan was obtained at the interest of 2.3 percent and now why it has been acquired at the rate of 4 percent.<br \/>\nFM while giving reply said time frame for returning Saudi loan is one year. We will extend the date for returning the loan if need be. Interest rate is increasing in the world. The interest rate of 4 percent  in respect of Saudi loan is not big thing. We had sought loan from Saudi Arabia for one year. The conditions for loan are laid. It is not necessary that they should be implemented.<\/p>\n<p>He pointed  out that Saudi government has said if we go bankrupt then they can take back this loan. We will not become bankrupt. <\/p>\n<p>According to FM reply, our export has gone up from 25 to 28 percent. There was pressure on rupee. Now rupee has come to the level of Rs 174 per dollar. Now rupee is not undervalue. Only there is difference of Rs 1 or 2. We requested Saudi government to  provide us oil on deferred payment. At present we are using our own oil reservoirs.<\/p>\n<p>We lowered sales tax on petrol and PDL. The oil prices have  gone up over 100 percent in international market. We have increased the petroleum products prices by 40 percent. We are endeavoring that least financial burden is shifted to the people. The coal will have to be imported to run coal based plants. The coal is being extracted from Thar to run certain power plants. If you say that we should stop importing petrol  but it can not be done so. <\/p>\n<p>He told the house that corona vaccine valuing 2 billion dollars has been purchased. We imported sugar and wheat due to which import rose. We enhanced duty on CBUs  which led to increase in the prices of vehicles. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister (FM) Shaukat Tarin has said in Senate the time frame for returning Saudi loan is one year and we will extend the date in this regard if need be. JI Senator Mushtaq Ahmad asked from FM if any clause for extending date in returning Saudi loan is included in the agreement. Earlier the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":200896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[837,501,379,676],"class_list":{"0":"post-243867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news","8":"tag-loan","9":"tag-saudi-arabia","10":"tag-senate","11":"tag-shaukat-tarin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We can extend time frame for returning loan to Saudi Arabia can be extended if need be: Shaukat Tarin tells Senate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/we-can-extend-time-frame-for-returning-loan-to-saudi-arabia-can-be-extended-if-need-be-shaukat-tarin-tells-senate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We can extend time frame for returning loan to Saudi Arabia can be extended if need be: Shaukat Tarin tells Senate\" \/>\n<meta property=\"og:description\" content=\"Finance Minister (FM) Shaukat Tarin has said in Senate the time frame for returning Saudi loan is one year and we will extend the date in this regard if need be. JI Senator Mushtaq Ahmad asked from FM if any clause for extending date in returning Saudi loan is included in the agreement. Earlier the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/we-can-extend-time-frame-for-returning-loan-to-saudi-arabia-can-be-extended-if-need-be-shaukat-tarin-tells-senate\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-11T11:53:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2021\/06\/Shaukat-Tarin1623476066-0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"711\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta 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