Saudi Arabia and UAE Decide Not to Withdraw $2 Billion Cash Deposits

[doorstar]

Inka baap Trump chala gaya hai na is lye okaat mai agae hai.

Trump or Biden makes no nevermind they are mere figureheads and mouth-pieces of the state. the only thing is that -- like your fat pandit and sayyad ghardari -- Dotard actually believed himself to be the emperor and was unable to follow the script. hence announced some things that were still in planning stages causing people to scramble to implement them prematurely and fecking them up

 

[Yasser76]

Life is about timing sometimes...

Biden announces end to US support for Saudi-led offensive in Yemen

Biden said ‘this war has to end’ in state department speech outlining overhaul of Trump’s foreign policies

www.theguardian.com

 

[gangsta_rap]

haha, political relations nowadays are fast as everything in life nowadays. These sort of things took decades to go back and forth , now its so fast forumers get confused and frustrated as to what opinion to stick to xD

xD

 

[DocEinstein]

Saudi Arabia and UAE Decide Not to Withdraw $2 Billion Cash Deposits

Posted 49 mins ago by Syeda Masooma

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan as loans. Both these loans matured in the fourth week of January 2021.

​

This indicates an improvement in lately-frosty relations between Pakistan and the two key Gulf nations, Express Tribune reported.

The move by the Kingdom of Saudi Arabia (KSA) is also important, considering that the country had already withdrawn $2 billion out of $3 billion loans that it extended to Pakistan in late 2018.
In December 2020, with the withdrawal of $1 billion deposits, Pakistan’s foreign minister had said that KSA had to take this step due to a slump in crude oil prices.

At the moment, it is unclear whether KSA would also revive the $3.2 billion deferred oil financing facility. The kingdom had withdrawn the said financing facility in May last year.

On the other hand, the UAE has also rolled over a $1 billion deposit for another year.

UAE had disbursed $2 billion in loans to Pakistan, out of which the remaining $1 billion will mature in March. The newspaper report quoted sources familiar with the matter as saying that it could also be rolled over for another year.
In the meantime, Pakistan had made arrangements for repaying the remaining Saudi loan and has secured three different loans from China to return the Saudi debt.

Saudi Arabia and UAE Decide Not to Withdraw $2 Billion Cash Deposits

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan

propakistani.pk

+++++++++++++++

Hmmm so after Biden's administration announced pulling off support for Saudi and UAE's atrocities in Yemen, they come running back to Pakistan?
Too bad the jackass Pakistani Establishment has no clue how to benefit from the turn of affairs and how to keep National pride and interest in mind....

 

[ayodhyapati]

KSA and UAE will voluntarily reinstate the oil credit as well soon enough. Pakistan doesn't need to ask anymore. These arab royal families are arrogant p*gs and this u-turn of theirs is after Pakistan showed them the middle finger. No more pressure, know your place arabs! You are earning interest on these loans so it is a business transaction, not a favour!

Azerbaijan will be supplying us oil and gas with long term credit so we don't need KSA or UAE for energy needs anymore. And this credit is without any pressure!

Pakistan should return these $2b. These snakes will ask for it unexpectedly, just as they didn't honour the oil supply on credit. Already they threatened to cancel work permits of Pakistani labourers. They will resort to blackmail again.

for self respect pak should return this money immediately.

 

[DocEinstein]

Saudi Arabia and UAE Decide Not to Withdraw $2 Billion Cash Deposits

Posted 49 mins ago by Syeda Masooma

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan as loans. Both these loans matured in the fourth week of January 2021.

​

This indicates an improvement in lately-frosty relations between Pakistan and the two key Gulf nations, Express Tribune reported.

The move by the Kingdom of Saudi Arabia (KSA) is also important, considering that the country had already withdrawn $2 billion out of $3 billion loans that it extended to Pakistan in late 2018.
In December 2020, with the withdrawal of $1 billion deposits, Pakistan’s foreign minister had said that KSA had to take this step due to a slump in crude oil prices.

At the moment, it is unclear whether KSA would also revive the $3.2 billion deferred oil financing facility. The kingdom had withdrawn the said financing facility in May last year.

On the other hand, the UAE has also rolled over a $1 billion deposit for another year.

UAE had disbursed $2 billion in loans to Pakistan, out of which the remaining $1 billion will mature in March. The newspaper report quoted sources familiar with the matter as saying that it could also be rolled over for another year.
In the meantime, Pakistan had made arrangements for repaying the remaining Saudi loan and has secured three different loans from China to return the Saudi debt.

Saudi Arabia and UAE Decide Not to Withdraw $2 Billion Cash Deposits

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan

propakistani.pk

+++++++++++++++

Hmmm so after Biden's administration announced pulling off support for Saudi and UAE's atrocities in Yemen, they come running back to Pakistan?
Too bad the jackass Pakistani Establishment has no clue how to benefit from the turn of affairs and how to keep National pride and interest in mind....
Rub their noses in cowshit (imported from India) and shove a stick so far up the Royal's asses that they end up vomiting all the BBQ'ed Hubara Bustards that they ordered you to be allowed to be slaughtered.
PPP,PML,MQM,JUI,PTI,Army... All are screwed up faces of the same corruption rampant in the Motherland.
Populace has no spine and too busy living for today and busy with their own corruptions. Who cares about tomorrow !
Allah knows best...

 

[xyxmt]

Where are Indians who were telling us how Modi's master stroke caused strained relations between Pak and Saudis.

they learned their place after Saudi Army chief refused to salute India Chief.

 

[FuturePAF]

Seems its Biden syndrome .. Now GCC need Pakistan more then ever. They thought Trump will again back in power. The only leverage left in Pakistan is few billion dollars. If any outstanding payments left, then Pakistan should pay back to execute independent economic policy. Otherwise remain financial slave for few dollars ...View attachment 713674

Nice use of the poster, considering the increase in debt the US will realize it has reached due to the bailouts (due to the mishandling of the pandemic), its is an ironic poster for the Biden Presidency, I.e. green new deal.

To $50 Trillion Debt (And Beyond)

According to CBO, this deficit — which I said optimistically, in hindsight, would be over $2 trillion in a recession year — will be more like $3.3 trillion.

www.google.com

 

[-blitzkrieg-]

Trump exposed them all...now there is no going back.. Give them back their $ 2 billion and diversify your labor across different countries.

 

[SQ8]

Guess the Biden reality check came in and someone needs protection again.

 

[airmarshal]

So now America showing the middle finger, all of a sudden these Arabs want to be friends.

 

[m52k85]

Sad to read the venom Pakistani kids are spewing here. Gulf and Pakistani ties extend beyond relationships between incumbent leadership. Any Pakistani who has lived in Saudi can tell their experiences, yes there are arrogant people like in every country, but the bond and connection between humble ones is truly remarkable and something Indians dont enjoy. Lets not sabotage that our selves.

 

[Unite & Defend]

If Pakistan can, they should pay it all back.

 

[GriffinsRule]

Mods really need to clean up threads with name calling and bigoted comments.
And Pakistanis need to realize that national interests trump anything else. If these khaliji countries want to keep the token amount of dollars in Pakistan, its due to leverage they will gain for it. They can earn interest on the same monies anywhere else in the world too.
Realize there is back n forth in every partnership/friendship/business relationship. That does not mean bending over backwards to accommodate someone else at your own detriment. This applies to Pakistan as well as all the gulf states and every other country.
Pakistan has plenty to gain with ties with the gulf and vice versa. But it is in our national security interest to diversify sources for our energy needs as well as trade.

 

[Unite & Defend]

Mods really need to clean up threads with name calling and bigoted comments.
And Pakistanis need to realize that national interests trump anything else. If these khaliji countries want to keep the token amount of dollars in Pakistan, its due to leverage they will gain for it. They can earn interest on the same monies anywhere else in the world too.
Realize there is back n forth in every partnership/friendship/business relationship. That does not mean bending over backwards to accommodate someone else at your own detriment. This applies to Pakistan as well as all the gulf states and every other country.
Pakistan has plenty to gain with ties with the gulf and vice versa. But it is in our national security interest to diversify sources for our energy needs as well as trade.

Completely agree, but theirs no reason for Pakistan to hold on to loan repayments if they can pay it back. In fact, it will solidify our commitment to loan agreements; opening up other opportunities with the GCC countries.

Pakistan will continue to strive to build committed relationships with GCC members and no propaganda will change that.