Sri Lankan media has claimed that Sri Lanka will borrow 200 million from Pakistan.
According to the Sri Lankan media, the loan agreement was reached during the recent visit of the Sri Lankan Commerce Minister to Pakistan.
It is said that Sri Lanka will buy Pakistani cement and rice with a loan from Pakistan.
According to Sri Lankan media, the term of the loan from Pakistan and the details of the agreement are being worked out.
It may be recalled that the government of Pakistan had recently denied reports of borrowing 5 billion dollars from China, Russia, and Kazakhstan.
The Ministry of Economic Affairs (MoEA) said in a statement that the Economic Affairs Division had planned to obtain 5 billion dollars in loans from China, Russia, and Kazakhstan. No, it plans to borrow 3 billion dollars from China, 2 billion dollars from Russia and Kazakhstan.
