Arab Today, arab today pakistan saudi arabia sign 183m credit facility agreements
Last Updated : GMT 16:50:38
Arab Today, arab today
Arab Today, arab today

Pakistan, Saudi Arabia sign $183m credit facility agreements

Arab Today, arab today

Arab Today, arab today Pakistan, Saudi Arabia sign $183m credit facility agreements

Islamabad - KUNA

Saudi Arabia will provide a total of around USD 183 million to Pakistan for the export of urea fertilizer and the construction of a hydro-power project in Pakistan's northern Chitral, after two agreements were signed on the tasks on Monday. The signing ceremony held at Prime Minister Nawaz Sharif's home in Islamabad had been observed by himself and the visiting Saudi Crown Prince and Defense Minister Prince Salman bin Abdulaziz Al-Saud, read a Pakistani official press release. Under the first agreement, Saudi Arabia will provide credit facilities of USD 125 million for the export of urea fertilizer to Pakistan, with the second, witnessing Saudi Arabia providing an additional loan of USD 57.8 million for the construction of a 106 Megawatts hydropower project on River Mastuj in Chitral, Pakistan. Vice Chairman and Managing Director of the Saudi Development Fund, Yousef Bin Ibrahim Al-Bassam and Pakistan's Secretary of Economic Affairs Nargis Sethi signed the agreements on behalf of their respective countries. Prince Salman, who had earlier met with Sharif, expressed his desire to further strengthen bilateral relations in various fields, for the promotion of cooperation between the two Muslim nations, and for the sake of international peace and stability. According to the press release, the senior officials of the two countries remained at the premises for some time, during which they discussed matters relating to mutual interests. Emphasising on their talks, the Prime Minister said that "Pakistan and Saudi Arabia had brotherly relations and had similar views on regional as well as international matters," adding that Pakistan supports the efforts of Saudi Arabia aimed at strengthening unity among Islamic countries. Pakistan holds Saudi Arabia in high esteem and the relations between the peoples of both countries are more than fraternal, he added. Sharif went on to note to the large Pakistani community in Saudi Arabia, which he said, serve as a bridge between the two brotherly countries and play a positive role in the development of Saudi Arabia as well as the Pakistani economy, through annual remittances of over USD four billion. Later, the Prime Minister hosted a dinner in honor of the visiting dignitary and his delegation.

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 pakistan saudi arabia sign 183m credit facility agreements Arab Today, arab today pakistan saudi arabia sign 183m credit facility agreements

 



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 pakistan saudi arabia sign 183m credit facility agreements Arab Today, arab today pakistan saudi arabia sign 183m credit facility agreements

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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