Saudi to provide $4.2 bn to Pakistan

Islamabad: Saudi Arabia has agreed to provide $4.2 billion worth of assistance to cash-strapped Pakistan to support its economy, it emerged on Wednesday after Prime Minister Imran Khan held talks with Saudi Crown Prince Mohammad bin Salman in Riyadh this week.

Information Minister Fawad Chaudhry took to Twitter to announce the assistance which came just two days after Khan paid a three-day visit to the Gulf



kingdom.

“Saudi Arabia’s announcement supports Pakistan with 3 billion US dollars as deposit in Pakistan central bank and also financing refined petroleum products with 1.2 billion US dollars during the year,” he said in a tweet.

Prime Minister Khan thanked Crown Prince Salman for the generous aid when Pakistan’s economy was facing difficulties.