October 2, 2022

Fior Markets News Blog

Complete News World

Saudi Arabia has offered $ 3 billion in aid to Pakistan, which is facing an economic crisis

World Desk, Amar Ujala, Islamabad

Posted by: French Srivastava
Updated Wednesday, 27 October 2021 09:52 AM IST

Summary

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.

Listen to the news

Pakistan is currently facing a major economic crisis. Inflation in the country has skyrocketed and the economy has collapsed. The forex bank is empty and the people of Pakistan are fed up with the current government. Imran Khan has been the Prime Minister of Pakistan since before the Saudi Prince. Saudi Arabia has also announced major assistance to get Pakistan’s declining economy back on track.

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.

See also  Russia-Ukraine war மாதம் 4 month: The most dangerous period of the Russo-Ukraine war is coming! - Four months Russia-Ukraine war Vladimir Putin Volodymyr Zelenskyy NATO World War III NTC

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.

Expansion

Pakistan is currently facing a major economic crisis. Inflation in the country has skyrocketed and the economy has collapsed. The forex bank is empty and the people of Pakistan are fed up with the current government. Imran Khan has been the Prime Minister of Pakistan since before the Saudi Prince. Saudi Arabia has also announced major assistance to get Pakistan’s declining economy back on track.

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.

See also  Narendra Modi in Omigran variant | International flights will not start from December 15 | The ban was extended due to the Omicron variant, prompting Prime Minister Modi to reconsider