After China yet another friendly country rescues Pakistan with financial assistance

[FalconStar]

ISLAMABAD – Saudi Arabia has announced $1 billion financial assistance for the Islamic republic of Pakistan as it is facing a severe strain on the external financing front.

The move, yet to be confirmed by the country’s Finance Ministry and the State Bank of Pakistan, comes a week after the International Islamic Trade Finance Corporation (ITFC), the financing arm of the IDB for trade activities, rolled over a loan of $100 million. The Economic Affairs Division (EAD) secretary had signed the Letter of Amendment for the credit facility.

https://timesofislamabad.com/30-Jul...ry-rescues-pakistan-with-financial-assistance

It seems MBS has showed his confidence in Imran Khan as well after their ambassador's meeting with him.

 

[SecularNationalist]

foreign debts are usually clever traps
self sufficiency through a better and effective tax system is the only solution.

 

[maximuswarrior]

foreign debts are usually clever traps
self sufficiency through a better and effective tax system is the only solution.

Without a doubt, but until then PTI will inherit decades worth of mess. What is PML-N passing onto PTI? A whole load of rubbish. The reserves aren't in the best of shape either. Loans will have to be taken to make ends meet initially.

 

[FalconStar]

foreign debts are usually clever traps
self sufficiency through a better and effective tax system is the only solution.

To built reserves on their own they need sometime, for the mean time either they'll have to go to IMF or friendly countries.

 

[Indus Pakistan]

If true respect MBS.

@Saif al-Arab

 

[H!TchHiker]

If true respect MBS.

@Saif al-Arab

Respect needs to be reciprocated

 

[Indus Pakistan]

Respect needs to be reciprocated

Meaning?

 

[maximuswarrior]

Respect needs to be reciprocated

Pakistan will reciprocate by being a bridge between KSA and Iran.

 

[Hiraa]

I have been living in Saudi for 18 years so Thankyou KSA

 

[Dalai Lama]

Turkey will be next. True brothers of Pakistan.

 

[H!TchHiker]

Meaning?

Sir,nothing is for free..There is no free lunch..Sooner or later it has be re-paid in other kind..I hope when it comes to that IK will snatch a good deal out of it

Pakistan will reciprocate by being a bridge between KSA and Iran.

Bridge and Pakistan ? We have no influence on either country..Rather its opposite..We should keep our interest first

 

[Super Falcon]

Without a doubt, but until then PTI will inherit decades worth of mess. What is PML-N passing onto PTI? A whole load of rubbish. The reserves aren't in the best of shape either. Loans will have to be taken to make ends meet initially.

Aby govt should not taje loan on name of pak at the they leave all burden on oyr shoulders for their king lifestyle

 

[MBT 3000]

why dont pakistan make gold reserves?

 

[cloud4000]

IK is already having a positive effect on world opinion. His election is a sign that it's no longer business as usual in Pakistan. Countries giving loans to Pakistan is a sign of confidence in IK and Pakistan. Plus, no one wants to see a country the size of Pakistan economically fail. This would be a disaster for the world community.

 

[My-Analogous]

Turkey will be next. True brothers of Pakistan.

AlHumdAllah, Do you have any?. We have so much isolation