Pakistan Receives First Installment Of $1 Billion Saudi Aid

[RangeMaster]

19 NOV, 2018 9:56 PM


ISLAMABAD (92 News) – Pakistan on Monday received the first installment of $1 billion aid from Saudi Arabia.

The State Bank spokesperson of confirmed that the first installment of $1 billion was deposited to the State Bank of Pakistan. The spokesperson also informed that after receiving the first installment of Saudi aid, the Pakistan’s foreign reserves reached at $14.8 billion level.

On the other hand, the reserves for commercial banks also increased and their reserves stand on $6.35 billion.

Earlier on October 23, Saudi Arabia had agreed to give Pakistan $3 billion for one year as a balance of payment support. The remaining $2 billion are expected to arrive within the next two months.




The agreement between the two countries was signed during a visit by Prime Minister Imran Khan to Riyadh last week on the invitation of the Custodian of the Two Holy Mosques.

 

[VCheng]

This is good news, until the costs associated with the deal become apparent. Nothing is free in international geopolitics.

 

[Indus Pakistan]

This is good news, until the costs associated with the deal become apparent. Nothing is free in international geopolitics.

Not really. To gauge this properly you would need to compare this [whatever costs], any alternative [whatever costs],including not doing anything and going bankrupt [whatever costs].

 

[cloud4000]

This is good news, until the costs associated with the deal become apparent. Nothing is free in international geopolitics.

The cost is Pakistan's supporting Saudi Arabia against Iran.

 

[gangsta_rap]

Where are the racist pakistanis who were badmouthing Arabs continually? Come out of the bushes and take a look whats going on!

 

[VCheng]

Not really. To gauge this properly you would need to compare this [whatever costs], any alternative [whatever costs],including not doing anything and going bankrupt [whatever costs].

Good point, going with the lesser of evils is always a better choice, if not necessarily a good choice.

The cost is Pakistan's supporting Saudi Arabia against Iran.

We do not know that yet, or for a fact.

 

[Indus Pakistan]

Where are the racist pakistanis who were badmouthing Arabs continually? Come out of the bushes and take a look whats going on!

Yes. Good. Pakistan needed that money. Now which country do Pakistani's universally despise? USA has given $10s of billions. Most of PAF flies on US grants F-16s etc

What you want us to do? Lick US balls? Then lick Camel balls?

 

[VCheng]

Yes. Good. Pakistan needed that money. Now which country do Pakistani's universally despise? USA has given $10s of billions. Most of PAF flies on US grants F-16s etc

What you want us to do? Lick US balls? Then lick Camel balls?

I could reply to that, but I would get banned.

 

[Fawadqasim1]

I could reply to that, but I would get banned.

Seriously

 

[Baby Leone]

i think it must not be aid when we have to pay it in any sense......i dont knwo why Pakistanis are so stupid in feeling proud of calling every thing come to country in dollars as "Aid".......they even call foreign investment as Aid lol

 

[India Pakistan]

Long Live Saudi Pakistan Friendship.

#MorePowerToUmmah.

 

[ARMalik]

@BHarwana ... hi mate, what is the word on aid from UAE? Has UAE agreed to provide this aid?

 

[Skull and Bones]

Congratulations.

 

[enquencher]

Aid... lol its a typo.this is a loan..maybe a soft loan .

 

[Fawadqasim1]

It is a soft loan