09
Aug
Saudi Arabia has halted the provision of oil on loan for Pakistan after the Imran Khan government threatened to split the Organization of Islamic Countries (OIC) over Kashmir. Hit by a severe economic crisis, Pakistan had borrowed a $6.2 billion loan from Saudi Arabia in 2018.The loan package included a provision under which Saudi Arabia granted Pakistan $3.2 billion worth of oil, a year on deferred payments. Pakistani media on Saturday said that the provision meant for Islamabad expired two months ago and has not been renewed by Riyadh.Instead, Islamabad has prematurely returned $1 billion Saudi loan, four months ahead…