Posted inPakistan

Self-inflicted power crisis blacks out Pakistan

PESHAWAR – Pakistan has signed an agreement to borrow US$4.5 billion to alleviate oil and gas shortages that are crippling the economy and people’s livelihoods through power cuts and fuel disruptions. The loan, issued by the Saudi Arabia-based Islamic Development Bank (IDB), will be used to pay for crude oil, refined petroleum products, liquefied natural […]