Saudi Arabia gives an exclusive $12 billion package for Pakistan
RIYADH, (DNA) – Pakistan gets an exclusive package of $12 billion from Saudi Arabia. As per the media report, Saudi Arabia has announced a US$12 package for Pakistan in three years.
Package includes $3 billion cash for balance of payment and for three years $3 billion deferred oil facility.
According to a press release issued on Tuesday, Prime Minister Imran Khan visited Saudi Arabia on the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz to participate in the Future Investment Initiative (FII) Conference on October 22-23.
During the visit, the prime minister had detailed bilateral discussions with King Salman bin Abdul Aziz and Crown Prince Muhammad bin Salman.
The Crown Prince agreed to the prime minister’s suggestion to reduce visa fee for Pakistani workers, which is a significant step towards enhancing Pakistan’s workforce in Saudi Arabia , as well as facilitating travel of people from both countries. Far-reaching decisions on bilateral economic and financial cooperation were also agreed.
Related News
Quran offers ‘luminous guidance’ to straight path: Allama Riaz
RAWALPINDI, Dec 17 (APP/DNA):The Holy Quran provides “luminous guidance” to humanity, emphasising both virtues andRead More
APNS condemns govt ad stoppage to Frontier Post as unjust
KARACHI, DEC 17 /DNA/ – The APNS expresses serious concern over the stoppage of FederalRead More
Comments are Closed