saudi arabia’s 6 billion aid pledge lifts pakistan stocks
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Saudi Arabia’s $6 billion aid pledge lifts Pakistan stocks

Arab Today, arab today

Arab Today, arab today Saudi Arabia’s $6 billion aid pledge lifts Pakistan stocks

Pakistani Prime Minister Imran Khan.
London - Arab Today

Pakistani shares jumped 3.3 percent in early trade on Wednesday helped by an aid pledge from Saudi Arabia that emerged from the Future Investment Initiative in Riyadh.
Saudi Arabia pledged $3 billion in support to Pakistan and allowed for up to $3 billion in deferred oil payments to help stave off a budget crisis.
The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday.
Earlier Khan met with King Salman and Crown Prince Mohammed bin Salman to discuss bilateral issues. It was his second visit to the Kingdom in just over a month.

“It was agreed Saudi Arabia will place a deposit of $3 billion for a period of one year as balance of payment support,” Pakistan’s foreign ministry said in a statement.
“It was also agreed that a one year deferred payment facility for import of oil, up to $3 Billion, will be provided by Saudi Arabia. This arrangement will be in place for three years, which will be reviewed thereafter.”
During his address to the gathering of global business executives, Khan also confirmed that Pakistan was in talks with the International Monetary Fund (IMF) for a new bailout.
Pakistan is seeking foreign aid to help plug a massive budgetary gap which the Pakistan prime minister has blamed on the mismanagement of the previous administration.

From: Arabnews

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*

saudi arabia’s 6 billion aid pledge lifts pakistan stocks saudi arabia’s 6 billion aid pledge lifts pakistan stocks

 



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*

saudi arabia’s 6 billion aid pledge lifts pakistan stocks saudi arabia’s 6 billion aid pledge lifts pakistan stocks

 



GMT 19:21 2017 Friday ,17 February

Abu Zeid Al-Idrisi warns of decline of reading

GMT 06:50 2017 Friday ,04 August

March21st-April20th

GMT 10:47 2015 Saturday ,05 December

Named Air Transport World’s Airline of the Year 2016

GMT 16:20 2017 Thursday ,16 March

Kim’s identity confirmed using child’s DNA

GMT 08:17 2017 Monday ,06 November

Actress Saba Mubarak happy for her new film

GMT 06:13 2017 Wednesday ,20 September

Spain seizes more Catalan referendum posters

GMT 02:53 2017 Thursday ,02 March

Trump condemns Kansas bar shooting in speech

GMT 17:26 2017 Friday ,07 July

Taiwan to aim 50 medium-range missiles at China

GMT 07:36 2013 Tuesday ,07 May

\'The Telephone\' and \'Les Miserables\' at AUC

GMT 02:06 2017 Wednesday ,06 September

Yemen’s cholera epidemic hits 600,000

GMT 19:26 2017 Thursday ,16 March

Al Ahli Beat Al Shahaniya 3-2

GMT 03:18 2017 Saturday ,09 December

Saudi warns US embassy relocation to Jerusalem

GMT 08:50 2011 Sunday ,14 August

\"I carry Makkah with me\"

GMT 14:15 2017 Monday ,27 February

HH the Emir Meets Chairman of BNP Paribas Bank

GMT 13:31 2017 Sunday ,12 March

Richard Gere slams Israeli colonies

GMT 23:54 2016 Saturday ,12 November

China Launches Yunhai-1 Meteorological Satellite
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday