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Pakistan cash crisis: Pakistan, which is facing cash crunch, got help from Saudi Arabia, Imran had appealed

PTI, Islamabad

Revealed by: Amit Mandal
Up to date Sat, 04 Dec 2021 09:48 PM IST

Abstract

After talks with Imran, Saudi Arabia had agreed to offer help of US $ 4.2 billion to Pakistan.

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Money-strapped Pakistan has obtained monetary assist from Saudi Arabia. In response to a senior authorities official, Pakistan has obtained US$3 billion from Saudi Arabia as a part of the monetary support sought from the Kingdom of Saudi Arabia to stabilize the nation’s economic system. Saudi Arabia’s monetary support to Pakistan comes greater than a month after Prime Minister Imran’s go to. Imran Khan had visited Riyadh and spoke with Crown Prince Mohammed bin Salman.

After talks with Imran, Saudi Arabia had agreed to offer help of US $ 4.2 billion to Pakistan, of which three billion {dollars} had been to be transferred as deposits in Pakistan’s central financial institution and throughout the 12 months $ 1.2 billion was to be given. It additionally needed to finance refined petroleum merchandise.

Shaukat Tarin, Adviser to the Prime Minister on Finance and Income, confirmed that the State Financial institution of Pakistan (SBP) had obtained deposits from Saudi Arabia to the tune of US$ China billion. He tweeted – Excellent news, 3 billion US {dollars} obtained by SBP deposited from Saudi facet. I wish to thank His Highness Crown Prince Mohammed bin Salman and the Kingdom of Saudi Arabia for this assist.

Enlargement

Money-strapped Pakistan has obtained monetary assist from Saudi Arabia. In response to a senior authorities official, Pakistan has obtained US$3 billion from Saudi Arabia as a part of the monetary support sought from the Kingdom of Saudi Arabia to stabilize the nation’s economic system. Saudi Arabia’s monetary support to Pakistan comes greater than a month after Prime Minister Imran’s go to. Imran Khan had visited Riyadh and spoke with Crown Prince Mohammed bin Salman.

After talks with Imran, Saudi Arabia had agreed to offer help of US $ 4.2 billion to Pakistan, of which three billion {dollars} had been to be transferred as deposits in Pakistan’s central financial institution and throughout the 12 months $ 1.2 billion was to be given. It additionally needed to finance refined petroleum merchandise.

Shaukat Tarin, Adviser to the Prime Minister on Finance and Income, confirmed that the State Financial institution of Pakistan (SBP) had obtained deposits from Saudi Arabia to the tune of US$ China billion. He tweeted – Excellent news, 3 billion US {dollars} obtained by SBP deposited from Saudi facet. I wish to thank His Highness Crown Prince Mohammed bin Salman and the Kingdom of Saudi Arabia for this assist.

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