• Contact Us
  • Privacy Policy
Thursday, June 1, 2023
  • Login
currentpak
No Result
View All Result
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology
No Result
View All Result
currentpak
No Result
View All Result
Home INTERNATIONAL

Saudi Arabia Finance Minister Vows to Help Pakistan “As Much As We Can”

by Currentpak
December 8, 2022
in INTERNATIONAL
0
Saudi Arabia Finance Minister Vows to Help Pakistan “As Much As We Can”

Saudi Arabia Finance Minister Vows to Help Pakistan “As Much As We Can”

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Saudi Arabia Finance Minister Vows to Help Pakistan “As Much As We Can”

Saudi Arabia will assist Pakistan’s finances as it seeks to strengthen alliances with countries grappling with the effects of inflation, reported Bloomberg.

The Saudi Kingdom’s Finance Minister (FM) Mohammed Al Jadaan stated the Saudi government will “continue to support Pakistan as much as we can”. Besides Pakistan, Saudi Arabia is also looking to increase its investments in Egypt and is planning to begin doing business in Turkey, he added.

Also Read

Emirati firm may buy Telenor Pakistan

Riyadh wants to strengthen its allies and develop new relationships and is taking steps to provide financial assistance to countries in the region. The Kingdom has already rolled over a $3 billion deposit to Pakistan in order to boost foreign currency reserves and help in dealing with the economic fallout currently gripping the South Asian nation.

Pakistan’s finance frontman Ishaq Dar has also reached out to Saudi authorities for help in this regard and has intimated his counterparts for a possible deal on an urgent cash injection of $3 billion with the government casting doubts over whether it would be able to fulfill all debt obligations scheduled for the next three months.

Besides Pakistan, the Saudi are aiming to expand their investment portfolio in Egypt and Turkey. The Kingdom’s FM remarked, “Our relationship with Turkey is improving greatly, and we hope to have investment opportunities. We have started investing aggressively in Egypt and we will continue to look at investment opportunities and that is more important than deposits. Deposits can be pulled but investments stay”.

Reports suggest Saudi Arabia is nearing an agreement to deposit $5 billion at Turkey’s central bank, which would be a significant boost to Ankara’s efforts to keep the lira stable. Once signed, the agreement would reinforce a recent settlement between the Turkish and Saudi governments that ended years of hostility.

Also Read

Top Google Searches in Pakistan in 2022

The Kingdom also extended the maturity of a $5 billion deposit to Egypt’s central bank last month, and its Public Investment Fund is looking into a further $10 billion potential investment in Egypt’s healthcare, education, agriculture, and financial sectors.

Tags: As Much AsFinance MinisterHelpPakistanSaudi ArabiaVows
Currentpak

Currentpak

Next Post
Pak Suzuki Begins Work on Bolan’s Replacement

Pak Suzuki Begins Work on Bolan’s Replacement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Lahore students to get free metro ride

by Nimra Azhar
March 12, 2023
0
Lahore students to get free metro ride
Pakistan

Lahore students to get free metro ride All students who wear uniforms will now receive free rides on Lahore's metro...

Read more

Undeveloped twin removed from girl’s skull

by Nimra Azhar
March 12, 2023
0
Undeveloped twin removed from girl's skull
INTERNATIONAL

Undeveloped twin removed from girl's skull In China, surgeons performed a surgical removal of a twin fetus from the head...

Read more

67% of Youngsters Want to Leave Pakistan

by Nimra Azhar
March 12, 2023
0
67% of Youngsters Want to Leave Pakistan
Pakistan

67% of Youngsters Want to Leave Pakistan Dr. Faheem Jehangir Khan, Senior Research Economist at the Pakistan Institute of Development...

Read more

There Will Be No Samsung Galaxy S23 FE This Year 

by Nimra Azhar
March 12, 2023
0
There Will Be No Samsung Galaxy S23 FE This Year 
Pakistan

There Will Be No Samsung Galaxy S23 FE This Year  In January of the previous year, Samsung released the Galaxy...

Read more
Lahore students to get free metro ride
Pakistan

Lahore students to get free metro ride

by Nimra Azhar
March 12, 2023
0

Lahore students to get free metro ride All students who wear uniforms will now receive free rides on Lahore's metro...

Undeveloped twin removed from girl's skull

Undeveloped twin removed from girl’s skull

March 12, 2023
67% of Youngsters Want to Leave Pakistan

67% of Youngsters Want to Leave Pakistan

March 12, 2023
There Will Be No Samsung Galaxy S23 FE This Year 

There Will Be No Samsung Galaxy S23 FE This Year 

March 12, 2023
Video of man adding bucket of ghee to salan

Video of man adding bucket of ghee to salan

March 11, 2023
Bollywood singer Jubin Nautiyal copies Taher Shah’s ‘Eye To Eye’

Bollywood singer Jubin Nautiyal copies Taher Shah’s ‘Eye To Eye’

March 11, 2023
  • About
  • Advertise
  • Careers

© 2023 Current Pak

No Result
View All Result
  • HOME
    • Contact Us
    • Privacy Policy
  • Pakistan
  • INTERNATIONAL
  • SPORTS
  • GADGETS
  • CURRENTJOB2022
  • Technology

© 2023 Current Pak

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In