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

[Morpheus]

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Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan as loans.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

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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The move by the Kingdom of Saudi Arabia (KSA) is also important, considering that the country had already withdrawn $2 billion out of $3 billion loans that it extended to Pakistan in late 2018.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 The kingdom had withdrawn the said financing facility in May last year.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Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided Pakistan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

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

 

[Abu Dhabi]

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

 

[TheSnakeEatingMarkhur]

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

Opinion is simple We will stand by our interests and we will also support the Ummah hence have good relation with all and we will not fight your wars for you

 

[Chakar The Great]

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

 

[Aslan]

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

they are busy threatening Rihanna with sexual violence, while calling her by all kinds of racist names in hindi.

 

[Abu Dhabi]

Opinion is simple We will stand by our interests and we will also support the Ummah hence have good relation with all and we will not fight your wars for you

good for you its great having an opinion

 

[TNT]

I guess it has a lot to do with dems back in power and hints of arms embargoes.

 

[ghazi52]

Finally they are thinking top of their head.


As we say not from gitay/goday. ( Knee )

 

[NAS & GOA]

I would say that Pakistan should keep its interest Paramount. Though this loan facility has been deferred, Pakistan should not lower its guards against these slaves of the west. We should try to return their loans as early as possible....
The reason for my this assertion is that if Pakistan relaxes on this issue now, these Gulfians will strike at most opportune time to keep Pakistan in trouble in order to please America and India

Moreover, they might try to accrue some favour to the yanks in Afghanistan through extension of this loan facility

 

[Mugen]

Pakistan needs to destroy the families that have brought us to our knees, I am talking about Pakistani families such as the Nawaz and Zardari clan. We should not be begging while these bastards live lavishly.

 

[Verve]

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.

 

[masterchief_mirza]

Pakistan should pay these loans back immediately.

I'd rather owe money to Donald Trump.

 

[adelphi]

I'd rather owe money to Donald Trump.

We have already repaid that with blood.

 

[HAIDER]

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 ...

 

[POPEYE-Sailor]

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

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

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