World Desk, Amar Ujala, Islamabad
Posted by: French Srivastava
Updated Wednesday, 27 October 2021 09:52 AM IST
Saudi Arabia has announced it will deposit $ 3 billion in the Central Bank of Pakistan to help Pakistan, which is facing a foreign exchange deficit.
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According to media reports, Saudi Arabia’s Development Fund has announced a $ 3 billion deposit in Pakistan’s Central Bank to help Pakistan overcome its foreign exchange deficit. Can You Do? The report also said that Saudi Arabia would fund $ 1.2 billion in oil trade with Pakistan this year. Pakistan’s Information Minister Fawad Chaudhry and Energy Minister Ahmed Azhar have confirmed assistance from Saudi Arabia.
It worked for Imran to go to Saudi
Imran Khan’s trip to Saudi Arabia from October 23 to 25 was useful. He had gone to Saudi to rescue Pakistan which was suffering from poverty. During this time he met with the Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdul Aziz Al Saud. He also attended the Middle East Green Initiative Conference in Riyadh. Following Imran’s visit, financial aid was announced from Saudi Arabia.
Relationships broke down
Relations between Pakistan and Saudi Arabia have been strained in recent times. In fact, Saudi Arabia has refused to act against India on the Kashmir issue. The clashes between the two countries erupted after Foreign Minister Shah Mehmood Qureshi warned Saudi Arabia.
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