Saudi support for poverty-stricken Pakistan: Imran Khan begs for $ 3 billion

World Desk, Amar Ujala, Islamabad

Published by: Pranjul Srivastava
Updated to Wednesday, 27 October 2021 09:52 AM IST

Summary

Saudi Arabia has announced that it is depositing $ 3 billion in the Central Bank of Pakistan to help Pakistan, which is struggling with a foreign exchange shortage.

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Pakistan is facing a major financial crisis these days. Inflation in the country is skyrocketing and the economy is derailed. The forex bank is empty and the people of Pakistan are fed up with the current government. In such a situation, from the Prime Minister of Pakistan, Imran Khan stretched out his hands in front of the Prince of Saudi Arabia. Saudi Arabia has also announced major assistance to get the sinking Pakistani economy back on track.

According to media reports, the Saudi Arabian Fund for Development has announced that Pakistan is depositing US $ 3 billion in the Central Bank to help Pakistan and meet its foreign exchange deficit. Can you. According to the report, Saudi Arabia will provide $ 1.2 billion to Pakistan this year to finance the oil trade. Pakistan’s Information Minister Fawad Chaudhry and Energy Minister Ahmed Azar confirmed the assistance received from Saudi Arabia.

This helped Imran go to Saudi
Imran Khan’s visit to Saudi Arabia from October 23 to 25 was useful. The Saudis went to save Pakistan, which was languishing in poverty. On this occasion, the Crown Prince of Saudi Arabia met with Mohammed bin Salman bin Abdul Aziz Al Saud. He also attended the Middle East Green Initiative Conference in Riyadh. Imran announced financial aid from Saudi Arabia soon after his visit.

Relationships are damaged
Relations between Pakistan and Saudi Arabia have been strained recently. In fact Saudi Arabia has refused to act against India in the case of Kashmir. Following this, Foreign Minister Shah Mahmoud Qureshi issued a warning to Saudi Arabia, which was followed by a dispute between the two countries.

Expansion

Pakistan is facing a major financial crisis these days. Inflation in the country is skyrocketing and the economy is derailed. The forex bank is empty and the people of Pakistan are fed up with the current government. Under such circumstances, the Prime Minister of Pakistan Imran Khan shook hands with the Prince of Saudi Arabia. Saudi Arabia has also announced major assistance to get the sinking Pakistani economy back on track.

According to media reports, the Saudi Arabian Fund for Development has announced that Pakistan is depositing US $ 3 billion in the Central Bank to help Pakistan and meet its foreign exchange deficit. Can you. According to the report, Saudi Arabia will provide $ 1.2 billion to Pakistan this year to finance the oil trade. Pakistan’s Information Minister Fawad Chaudhry and Energy Minister Ahmed Azar confirmed the assistance received from Saudi Arabia.

This helped Imran go to Saudi

Imran Khan’s visit to Saudi Arabia from October 23 to 25 was useful. The Saudis went to save Pakistan, which was languishing in poverty. On this occasion, the Crown Prince of Saudi Arabia met with Mohammed bin Salman bin Abdul Aziz Al Saud. He also attended the Middle East Green Initiative Conference in Riyadh. Imran announced financial aid from Saudi Arabia soon after his visit.

Relationships are damaged

Relations between Pakistan and Saudi Arabia have been strained recently. In fact Saudi Arabia has refused to act against India in the case of Kashmir. Following this, Foreign Minister Shah Mahmoud Qureshi issued a warning to Saudi Arabia, which was followed by a dispute between the two countries.

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