Pakistan seeks emergency $3b Saudi cash injection

[INS_Vikrant]

So when Asim Munir is leaving for Riaydh ?

Is he you CoAS or PM, finance or foreign minister lol

 

[alphapak]

Saudi's should refuse, If they do give it then they will be back for another 3 billion
after 6 months. Its a non stop cycle.

Oversea's Pakistani's have already stopped sending money to Pak, I won't send
a penny until a better government is bought in.

 

[HAIDER]

Ishaq Dar requested 4.2 billion from Saudi to open over 4 billion import LCs. No dollar in the market.

 

[cricketrulez]

How come Iron Brother is not helping

 

[jamal18]

How many times?

Just for a change....

 

[Horse_Rider]

ISLAMABAD:
Pakistan on Wednesday requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level, as the new army chief was also expected to play a role in bagging the bailout during his upcoming maiden visit to the Kingdom.

Finance Minister Ishaq Dar made the request during a meeting with Nawaf bin Said Al-Malki, the Saudi ambassador, according to his ministry’s officials.
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It's already been approved. I don't know why they are keeping it a secret. KSA says they'll go further to stabilize Pakistan if they have to. Additionally, a $ 10 Billion investment package is being created for Pakistan (and a $ 10 billion for Egypt and a few billions for Turkey). Seems like none of the Muslim nations have anything to show to have a strong economy outside of the Gulf due to Oil. It's sad. Such a large population base in the world with such poor economies.

I think the test for Pakistan is now to take measures towards growth and show improvement so that one day we can let go of the beggar bowl!! We were listed to be in top 25 economies by 2030 just a few years ago by American economy houses and in top 5 by 2050. Now they've revised their forecast and we'll be a top economy in 2075 (we lost 25 years) and 2075 also if we can start to grow at a certain rate (6-8%).