Saudi ambassador visits Pakistani PM Imran Khan

Saudi ambassador visits Pakistani PM Imran Khan
Saudi Ambassador Nawaf Saeed Al Malkiy meets with Prime Minister Imran Khan at PM Office. (PID photo)
Updated 15 November 2018
Follow

Saudi ambassador visits Pakistani PM Imran Khan

Saudi ambassador visits Pakistani PM Imran Khan
  • Finance Minister Asad Umar said on November 10 that Pakistan would receive $1billion from Saudi Arabia in two days
  • A $6 billion bailout plan for Pakistan was agreed during the Pakistani prime minister’s visit to the Kingdom in October

ISLAMABAD: Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki visited Prime Minister Imran Khan in Islamabad on Nov. 14 to discuss issues of mutual interest, the Associated press of Pakistan reported.
The meeting came four days after Federal Minister for Finance, Revenue and Economic Affairs Asad Umar revealed, while talking to a group of foreign investors and industrialists in Karachi, that Pakistan will receive $1 billion from Saudi Arabia within two days.

During Khan’s visit to the Kingdom in October, an agreement for $6billion bailout plan for Pakistan was signed on the sidelines of the second annual Future Investment Initiative conference in Riyadh.
According to a memorandum of understanding, the Kingdom pledged $3 billion to Pakistan “as balance-of-payment support,” along with a one-year deferred-payment facility for up to $3 billion for oil imports.
Pakistan, which is facing a current-account deficit of $18 billion, has also sought assistance from the International Monetary Fund and other friendly countries to deal with its economic crisis.