Saudi Arabia pledges $6bn to Pakistan amid economic crisis

SArabia

Saudi Arabia has agreed to give Pakistan $3bn for a period of one year as the South Asian country faces an economic crisis marked by a mounting balance of payments deficit and dwindling foreign currency reserves.

The Gulf kingdom also pledged an additional loan worth up to $3bn in deferred payments for oil imports, Pakistan’s foreign ministry said in a statement on Tuesday.

The agreement came during a visit by Pakistan’s Prime Minister Imran Khan to Riyadh, where he met King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman…

Read more : Aljazeera, 23.10.2018