Pakistan’s poor economic situation: Imran Khan arrives in Saudi Arabia to save economy, seeks help from investors and businessmen

Agency, Riyadh / Islamabad.

Published by: Dev Kashyap
Sunday, 24 October 2021 12:37 AM IST Updated

Summary

Due to the economic crisis in Pakistan, people are struggling with inflation and due to rising debts on the country, all avenues of aid are being closed. Under such circumstances, Imran’s visit to Saudi Arabia from October 23 to October 25 will be considered the most crucial.

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Pakistan’s financial situation is already bad and recently FATF has put Pakistan on the gray list, making it even harder to get international loans. In such a situation, Prime Minister Imran Khan arrived in Riyadh to seek help from Saudi investors and businessmen on the pretext of the Middle East Green Initiative Conference to save the country’s declining economy.

Due to the economic plight in Pakistan, people are struggling with inflation and due to rising debts on the country, all avenues of aid are being closed. Under such circumstances, Imran’s visit to Saudi Arabia from October 23 to October 25 will be considered the most crucial. He also spoke with Saudi leaders attending the Middle-East Green Initiative (MGI) conference in Riyadh on Saturday.

Imran is accompanied by a high-level delegation of Foreign Minister Shah Mahmood Qureshi and other cabinet members who will take the initiative to assist in business, mainly by inviting Saudi investors to Pakistan. However, at the MGI conference, Imran should demonstrate his vision on the challenges facing developing countries due to climate change.

Pak had high hopes for the Saudi tour
Pakistan has high hopes for a trip to Saudi Arabia. Pakistan’s economy is on the verge of bankruptcy, but keeping it on the gray list makes it difficult to obtain financial assistance from the International Monetary Fund (IMF), the World Bank and the European Union. According to a World Bank report, Pakistan is among the top-10 countries with the highest debt. In such a situation, after China, he has only hope from Saudi Arabia.

Saudi Arabia is committed to zero emissions by 2060
Saudi Arabia, one of the world’s largest oil producers, is committed to ‘zero emissions’ of greenhouse gases by 2060. This was announced by Crown Prince Mohammed bin Salman on Saturday. With this, Saudi Arabia has joined more than 100 countries committed to bringing the world out of man-made climate change.

Bin Salman made the announcement during the launch of Saudi Arabia’s first Saudi Green Initiative platform. The announcement comes ahead of the opening of the Global COP 26 Climate Conference in Glasgow, Scotland. Different countries of the world are participating in this conference which will discuss the challenges of climate change.

Expansion

Pakistan’s financial situation is already deteriorating and recently FATF has put Pakistan on the gray list, making it even harder to get international loans. In such a situation, Prime Minister Imran Khan reached out to Riyadh to seek help from Saudi investors and businessmen on the pretext of the Middle East Green Initiative Conference to save the country’s declining economy.

Due to the economic plight in Pakistan, people are struggling with inflation and due to rising debts on the country, all avenues of aid are being closed. Under such circumstances, Imran’s visit to Saudi Arabia from October 23 to October 25 will be considered the most crucial. He also spoke with Saudi leaders attending the Middle-East Green Initiative (MGI) conference in Riyadh on Saturday.

Along with Imran, Foreign Minister Shah Mahmood Qureshi and other cabinet members are accompanied by a high-level delegation that will take the initiative to assist in business, mainly by inviting Saudi investors to Pakistan. However, at the MGI conference, Imran should demonstrate his vision on the challenges facing developing countries due to climate change.

Pak had high hopes for the Saudi tour

Pakistan has high hopes for a trip to Saudi Arabia. Pakistan’s economy is on the verge of bankruptcy, but keeping it on the gray list makes it difficult to obtain financial assistance from the International Monetary Fund (IMF), the World Bank and the European Union. Pakistan is one of the top 10 most indebted countries in the world, according to a World Bank report. In such a situation, after China, he has only hope from Saudi Arabia.

Saudi Arabia is committed to zero emissions by 2060

Saudi Arabia, one of the world’s largest oil producers, is committed to ‘zero emissions’ of greenhouse gases by 2060. This was announced by Crown Prince Mohammed bin Salman on Saturday. With this, Saudi Arabia has joined more than 100 countries committed to bringing the world out of man-made climate change.

Bin Salman made the announcement during the launch of Saudi Arabia’s first Saudi Green Initiative platform. The announcement comes ahead of the opening of the World COP 26 Climate Conference in Glasgow, Scotland. Different countries of the world are participating in this conference which will discuss the challenges of climate change.

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