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Pakistan stands “shoulder to shoulder” with Saudi Arabia: Shehbaz Sharif

Prime Minister Shehbaz Sharif has reaffirmed that Pakistan stands "shoulder to shoulder" with Saudi Arabia in safeguarding its sovereignty, security and territorial integrity, in a meeting in Islamabad with the newly arrived Saudi Ambassador, Dr Rajeh Tami Albugamy.

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Islamabad beats New York, London and Paris in quality of life index

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NewsroomEconomySaudi Arabia extends $3bn deposit to Pakistan
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Saudi Arabia extends $3bn deposit to Pakistan

Muhammad al-Jaadan, the Saudi minister for finance, confirmed the much-awaited news at the World Economic Forum in Davos

TT Staff Reporter
TT Staff Reporter
Breaking stories from The Thursday Times' in-house reporter.
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Saudi Arabia’s minister of finance, Muhammad al-Jaadan, has confirmed at the World Economic Forum in Davos that the kingdom has its sights set on finalising the extension of a $3 billion deposit it previously gave to the State Bank of Pakistan in 2021.

This had earlier come in light of Pakistan witnessing unprecedented hyperinflation of its national currency, the Pakistani rupee.

Al-Jaadan also attested to the fact that the kingdom considered Pakistan to be an “important ally,” supplementing this by adding that his country would be “standing behind” the Republic.

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Pakistan stands “shoulder to shoulder” with Saudi Arabia: Shehbaz Sharif

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