Pakistan is facing a financial crisis. Pakistan, which is struggling with the condition of poverty, keeps taking help from other countries, in which it extends its hand to China and Saudi Arabia. Pakistan's new army chief, General Asim Munir, reached Saudi Arabia recently to rectify the deplorable situation prevailing in the country. Now the intention behind his visit is becoming clear or to say that his visit seems to be successful. Because there are indications that the Saudi government can provide financial assistance of $ 5 billion to Pakistan.
Crown Prince Mohammed bin Salman's directive
Saudi Crown Prince Mohammed bin Salman has instructed officials to increase the Gulf kingdom's investment in Pakistan to $10 billion and increase its deposits with the country's central bank to $5 billion, a media report said on Tuesday. Study to do. Explain that Pakistan's economic situation is facing serious headwinds in the first four months (July-October) of the current financial year, with inflation expected to remain high between 21-23 percent and the country's fiscal deficit to increase by more than 115 percent. doing.
Saudi Press Agency reported
The state-run Saudi Press Agency reported, "The crown prince has directed a study to increase Saudi Arabia's investment in the sister Islamic Republic of Pakistan, which was announced on August 25 last year, to reach USD 10 billion." Was.' It further added that Prince Mohammed has directed the Saudi Development Fund (SDF) to study increasing the number of deposits provided by the Gulf kingdom in favor of Pakistan's central bank, which was earlier increased to 5 percent on December 2, 2022. billion US dollars was made. This came within the framework of the ongoing communication between the Crown Prince and Prime Minister of Pakistan Shehbaz Sharif.
Army Chief General Asim Munir's visit to Saudi Arabia
The development comes during the conclusion of Pakistan Army Chief General Asim Munir's week-long visit to Saudi Arabia, in which he held a meeting with the Crown Prince and discussed ways to improve relations between the two countries. Of. Pakistani newspaper Dawn newspaper reported that in 2021, the State Bank of Pakistan (SBP) signed an agreement with the SDF to receive USD 3 billion, which would be kept in the central bank's account, to increase its foreign exchange. Storage needs to be improved.
CM Yogi: 'The same thing is happening in Bangladesh today as happened in 1947', CM Yogi said - Hindus there are pleading for their lives
In a tribute meeting organized on the occasion of Partition Horrors Remembrance Day in Hazratganj, Lucknow, UP Chief Minister Yogi Adityanath said that what happened in 1947 is happening in Pakistan
IND vs AUS Playing-11: First T20 between India and Australia today, who will get the chance between Ishan-Yashasvi and Sundar-Akshar?
Team India, which recently faced defeat against Australia in the final of the ODI World Cup, will play a five-match T20 series against Australia from Thursday. The first match to be held in
Weather Update Today: There will be heavy rain in these states including Himachal-Uttarakhand today, how will the weather be in Delhi-NCR?
Weather Update Today: According to the India Meteorological Department (IMD), there will be heavy rain in many states of the country today. There is also a possibility of storm and lightning during
PM Modi: 'We have completed 10 years, 20 are still left; you will be very happy with this prediction', PM Modi took a jibe
Prime Minister Narendra Modi addressed the Rajya Sabha on Wednesday with a motion of thanks on the President's address. During this, he fiercely targeted the Congress and other opposition parties. He
Delhi Election 2025: 'BJP insulted Punjabis and Sikh community', Kejriwal said- Amit Shah should apologize
Delhi Chief Minister Atishi and Aam Aadmi Party Convenor Arvind Kejriwal attacked the BJP in a press conference at the party headquarters on Wednesday. Kejriwal reacted to BJP leader Pravesh Verma's
Farmer Protest: Farmers adamant on the ordinance, announce big fight in Mahapanchayat, will stop even milk and vegetables in Delhi
The farmers who set out to march to Delhi demanding 12 demands including a legal guarantee of minimum support price (MSP) of crops and loan waiver are adamant about the ordinance. In the fourth round
Braj's Holi: Long queues of vehicles from Barsana to Nandgaon... roads jammed; broken traffic system
Lakhs of devotees are reaching Mathura due to Rangotsav in Barsana-Nandgaon. Due to this, the traffic system of Mathura city also collapsed. Due to the movement of vehicles of a large number of
Mamata Banerjee was making a strategy with her nephew for change in TMC The 'script' failed in the 12-minute online meeting
A major change is being seen in West Bengal's ruling party, Trinamool Congress (TMC), before the 2026 assembly elections. To enhance the party's image in Delhi and establish a strong foothold in the
China: Xi Jinping again became the President of China, unanimously got the term for the third time
Xi Jinping has once again become the President of China for the third consecutive term. Xi has secured an unprecedented third term of five years as president. However, this was only a formal
Chor Nikal Ke Bhaga Movie Review: Hijacking increased the thrill of the heist story, speed loosened the screws
Chor Nikal Ke Bhaga Film Review In Hindi on Netflix: The theme of heist and hijacking in cinema has been cached a lot in different films. These stories have their thrill. There are many such films and
