Pakistan has secured a USD 600 mln commercial loan from Standard Chartered Bank at a double-digit interest rate of around 11%, the highest borrowing cost in the country’s history. The funds, intended for LNG purchases, are crucial as Pakistan works to meet the financial conditions imposed by the IMF for a USD 7 bln bailout. This transaction is particularly significant as Pakistan struggled to secure enough financial support from bilateral creditors, managing only to roll over USD 12 bln in deposits.