ISLAMABAD: Pakistan Prime Minister Imran Khan visited the Kingdom looking for financial assistance from the Saudi leadership to ease the financial crisis the country is facing.
Saudi Arabia has agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.
The $6 billion total exceeds will likely reduce the size of bailout package from the International Monetary Fund (IMF).
The prime minister also spoke at a global investment conference organised by Crown Prince Mhammad Bin Salman where hundreds of investors were present looking for the potential opportunities to tap. The session, according to some media reports, was specially planned to showcase Pakistan as investor's paradise.
The outcomes also endorsed Pakistan's importance for the Saudi Arabia and it's leadership.
Here are the details of what the visit has achieved:
"I have and will continue to condemn the Israeli government for its violations of international law and war crimes,"...
Defence minister say it doesn't matter if anyone is hurt by Iranian president's visit
Alleged shooter Daniyal Nazeer Mir Baher opened fire on Ali Kerio, son of a sessions judge, purportedly ate half of...
The funding will be second and last tranche of the $3 billion SBA
Video goes viral on social media, drawing anger from netizens and demand for harsh penalties
Political Financing Wing of ECP has asked PTI representatives to appear before electoral watchdog on April 30