JonAsad
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What is the price Pakistan has to pay for this massive aid by K.S.A.? Build more Madrassas?
Incase you missed it, its an AID for flood victims
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What is the price Pakistan has to pay for this massive aid by K.S.A.? Build more Madrassas?
^ Good job Saudi.
But i c kuwait markings on Chinook in first picture.
Incase you missed it, its an AID for flood victims
Moderators ,
Check, A Muslims country helping us , but he saying Wahhabi's,
what he want to prove.
this news is all over the place. i have seen it on BBC, Guardian etc.
Since the mid-1970s (1390s AH), Saudi Arabia has been a leading donor in terms of ODA (Overseas Development Aid) volume and ODA/GNP ratio:
Disbursements from 1975 to 1987 amounted to US$48 billion, second only to the United States of America.
The ODA/GNP ratio averaged 4.2% over this period, well above the highest among DAC countries (the DAC average is 0.35%).
Under pressure of sharply falling oil revenues, uncertainties regarding the future of the oil market and the regional security situation, Saudi Arabian ODA volume declined from a peak of US $5.5 billion in 1981 to US $2.6 billion in 1985, but recovered to US $3.5 billion in 1986.
In 1987, it was about US $2.9 billion.
As a proportion of the Kingdom's oil revenues, ODA has risen from 10% in 1983-1985 to 15% in 1986-1987, and Saudi Arabia's ratio of ODA to GNP has remained by far the highest among all donors.
Saudi aid is untied, quick-disbursing, and highly concessional, with a grant element of 96% (1986).
The Kingdom of Saudi Arabia has played an increasingly important role in the past several years in the area of supporting economic and social development plans and programs in Third World countries in general and in Islamic developing countries in particular.
The Kingdom allocates a major part of its annual national product to assisting developing countries implement their respective development programs.
In some years of the past decade, this assistance has amounted to 6% of GNP, whereas the industrial countries as a group fell short of achieving the modest rate of assistance flowing from developed to developing countries as called for by the United Nations, namely 0.7% of gross national product.
The total non-reimbursable development assistance and concessional loans provided by the Kingdom during the past 15 years to the developing countries that are members of the Islamic Conference Organization amounted to about 77,000 million Saudi Riyals.
These funds have contributed toward the implementation of economic and social development programs and projects in 35 sister Islamic nations.
A final note . . .Who can tell me any country in the world Allocate 4.2% of its GDP to help other ? . . except SAUDI ARABIA
Good to hear that holy abba jees have chipped in well. Thank you KSA.
Saudi King Abdullah has announced an emergency aid package worth 133 million dollars for Pakistan. As of Oct 15, 2005 this is the largest single donation by any country for Kashmir Earthquake 2005. Earlier, Saudi King Abdullah ordered the rapid establishment of an airlift of doctors, medicine, tents and emergency supplies to the affected region.
Saudi Arabia is one of the largest contributors to the earthquake relief efforts. The Saudi public has also made a big contribution to helping victims of the earthquake, on the call of Saudi government. The Saudi government went one step further by institutionalizing this assistance in the form of Saudi Public Assistance for Pakistan Earthquake victims (SPAPEV).