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Saudi Arabia vows to help Pakistan’s finances 'as much as it can'

Catalystic

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Ordinary Pakistanis will be having shortages of food and medicine. What will your "comeout of this situation" consist of? Demanding change is important; but that should go along with some compassion and help to ordinary people. They should give help and demand that some things be run to their liking. They can ask, knock off your military budget by 50% if you want help.
What happened to previous helps that ended up in london and usa/canada, swiss accounts of these elite kanjars
Any guarantees this new amount won’t end up there with pdm incharge,??
With nro2 and nro3 and forever nro’s in Pak, there is no stopping corruption in this lawless land.

The poor can’t buy medicines anyways so its useless if expensive medicines are available. Only rich can buy it.
Same with food and etc……poor are struggling anyway so the loans don’t do shit.

Its all optics. Soon the funds will end up in the west in accounts of sharifs and bhuttos etc……I’d say let the country go under

When will lavish protocols, security, unlimited ayashi budgets of MNA, parliament, senate, judiciary, military be curtailed??
None of us see any reductions in luxuries lives of these elite kanjars so why need saudi bailout??
Why are saudis giving?? It doesn’t trickle down to poor people anyway so what possible return of investment is saudia getting???

Mujhe to samajh nai ati
Yaha to ayashiyan khatm nahi horahi yet we hear default risk, and begging continues
Naya coas b agya, lekin no accountability or any such signal.
Lagta ha bajwa 2.0 he hoga……

Perhsps i was too optimistic in thinking k we would see changes and shit happening. Koi faida to nai huwa.

Ab yo bas Allah se dua aur immense patience/Sabar he kerna rehgya.
 

epebble

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What happened to previous helps that ended up in london and usa/canada, swiss accounts of these elite kanjars
Any guarantees this new amount won’t end up there with pdm incharge,??
With nro2 and nro3 and forever nro’s in Pak, there is no stopping corruption in this lawless land.

The poor can’t buy medicines anyways so its useless if expensive medicines are available. Only rich can buy it.
Same with food and etc……poor are struggling anyway so the loans don’t do shit.

Its all optics. Soon the funds will end up in the west in accounts of sharifs and bhuttos etc……I’d say let the country go under

When will lavish protocols, security, unlimited ayashi budgets of MNA, parliament, senate, judiciary, military be curtailed??
None of us see any reductions in luxuries lives of these elite kanjars so why need saudi bailout??
Why are saudis giving?? It doesn’t trickle down to poor people anyway so what possible return of investment is saudia getting???

Mujhe to samajh nai ati
Yaha to ayashiyan khatm nahi horahi yet we hear default risk, and begging continues
Naya coas b agya, lekin no accountability or any such signal.
Lagta ha bajwa 2.0 he hoga……

Perhsps i was too optimistic in thinking k we would see changes and shit happening. Koi faida to nai huwa.

Ab yo bas Allah se dua aur immense patience/Sabar he kerna rehgya.
Considering all you have said, it is best if Saudi help is in Kind. Just stick to food, fuel and medicines. That way no fear of leakage to Swiss banks or the military quickly running to get some new toys.
 

Catalystic

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Considering all you have said, it is best if Saudi help is in Kind. Just stick to food, fuel and medicines. That way no fear of leakage to Swiss banks or the military quickly running to get some new toys.
Sabse pehle to amrika se derte huway permission mang leni chahiya? Kahin amrika naraz na hojaye ?? Akhir ko elite kanjaron k visas/settlement ka sawal ha
 

Goritoes

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I am expecting a " Certain Biirraaatherly " Country will get upset on this, and the border with that country might see some Action...
 

Horse_Rider

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View attachment 904142
  • Saudi finance minister says kingdom will help Pakistan’s finances.
  • Reserves fall below $7bn for first time since Jan 2019.
  • Earlier this month, Saudia Arabia extended term of $3bn deposit.
Saudi Arabia Finance Minister Mohammed Al Jadaan said the kingdom would help Pakistan’s finances as it looks to help shore up alliances with countries struggling due to soaring inflation, Bloomberg reported Thursday.

Addressing a press conference in Riyadh, Al Jadaan said the Saudi government will “continue to support Pakistan as much as we can.”

In order to bolster its relationships, the kingdom has taken several steps to provide financial support to Pakistan as the cash-strapped nation desperately seeks support from international partners.

Earlier this month, Saudia Arabia extended the term of a $3 billion deposit to boost foreign currency reserves and help Pakistan in overcoming the economic repercussions of the cataclysmic floods.

The finance minister also shared that Riyadh was also looking to do more investments in Egypt and is planning to start doing deals in Turkey.

“Our relationship with Turkey is improving greatly, and we hope to have investment opportunities,” he said.

“We have started investing aggressively in Egypt and we will continue to look at investment opportunities and that is more important than deposits. Deposits can be pulled but investments stay.”

It should be noted that Pakistan is in dire need of funds as the country’s foreign exchange reserves held by the central bank fell $784 million to $6.7 billion as of December 2.

The decline means the reserves have fallen further from November's barely one month of import cover, even as it battles decades of high inflation and scrambles to secure International Monetary Fund (IMF) funds.

The country’s foreign exchange reserves have fallen below the $7 billion level for the first time since January 2019. The current reserves stand at around $6.7 billion — almost equal to $6.6 billion on January 18, 2019.


This took a whole two days to come out. I've posted it yesterday that it was approved and more will be provided if need be. But Pakistan must put in policies to grow from here.

This settles it then.. They will probably announce a 10 billion package.. enough to last one year..

There is a $ 10 billion package coming out for investment (could go up to $ 13 billion). It would be around setting up refineries and oil processing related infrastructure around Gawader, sort of KSA's entry into the CPEC. Thousands of new jobs will be expected to open up at all levels and once refineries are done, Pakistan will process / enrich KSA's oil to ship to other places, probably China. It would help boost Pakistan's economy up.
 

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