Arab Today, arab today saudi fund inks sr645m deals to support pakistan projects
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

Saudi fund inks SR645m deals to support Pakistan projects

Arab Today, arab today

Arab Today, arab today Saudi fund inks SR645m deals to support Pakistan projects

Jeddah - Arabstoday

The Saudi Fund for Development signed two agreements for soft loans worth SR645 million with Pakistan to finance construction of infrastructure for Malakand region and import of urea fertilizer from Saudi Arabia.The first agreement is a soft loan worth SR270 million allocated for financing reconstruction of Malakand Region Project, an official statement said.The project aims to improve roads and contribute to increasing agricultural productivity and enhancing the level of education and health standards of people in the region. The second agreement worth SR275 million is for the import of urea that will benefit the agriculture sector by enhancing production and maximize farmers income.It will also help produce additional food by enhancing the yield of existing under cultivation land.SFD Managing Director Yousuf Ibrahim Al-Bassam and Pakistan\'s Economic Affairs Division Secretary Abdul Wajid Rana signed the deal in Islamabad in the presence of Saudi Ambassador Abdul Aziz Alghadeer and senior Pakistani officials.Al-Bassam emphasized the Kingdom\'s commitment to support the Pakistani government\'s efforts in promoting the wellbeing and economic prosperity of its people.\"The agreements will deepen the bilateral cooperation and enhance the good relations between two countries,\" Al-Bassam said in a statement. Rana thanked the Saudi government as well as the Saudi Fund for their support to Pakistan.Ambassador Alghadeer, meanwhile, said the SFD\'s decision to give two soft loans reflects the Kingdom\'s continuous support to Pakistan and its people.He thanked Custodian of the Two Holy Mosques King Abdullah for the humanitarian gesture. Alghadeer hosted a dinner on Wednesday in honor of Al-Bassam and his delegation. Prominent Pakistani officials attended the banquet. In November 2009, Saudi Arabia granted Pakistan a $380 million soft loan to mainly support its budget.A senior Saudi official then said the loan was part of $700 million the Kingdom had pledged to give Pakistan at the Tokyo donors meeting.The official said the Pakistani central bank would get $200 million for budget spending while $100 million would be given to cover Pakistani imports from Saudi Fertilizers Co and $80 million to finance a hydropower project.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi fund inks sr645m deals to support pakistan projects Arab Today, arab today saudi fund inks sr645m deals to support pakistan projects

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi fund inks sr645m deals to support pakistan projects Arab Today, arab today saudi fund inks sr645m deals to support pakistan projects

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday