Pakistan, Saudi Arabia to sign MoU for financial support soon (sent)

ISLAMABAD: Saudi Arabia will soon transfer the pledged amount in the form of deposits to Pakistan as part of the promised financial assistance, said the Kingdom’s Ambassador to Islamabad, Nawaf Bin Said Al-Malki.

In an interview with the government’s press service, he said that a memorandum of understanding will be signed in a few days for cash deposits and the deferred oil payment facility.

Read also: Saudi Arabia deposits $ 3 billion in Egyptian central bank

Saudi Arabia recently announced that it will deposit $ 3 billion with the State Bank of Pakistan to deal with the country’s balance of payments crisis. In addition, the Kingdom has pledged a one-year deferred oil payment facility.

The envoy said that the Saudi government regards Pakistan as a dear country with a very deep and strong relationship. The Kingdom has always supported Pakistan and has given it support on several occasions, he added.

Also Read: PM Imran Khan Thanks Saudi Crown Prince For $ 3 Billion Support

“Our connection is with the Pakistani flag and we regard it as our brother country. Pakistan has a very bright future, ”he added.

Ambassador Nawaf Bin Said Al-Malki said the Pakistani people love the Kingdom of Saudi Arabia from the bottom of their hearts and hold the Guardian of the Two Holy Mosques in high regard.

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