{"id":9964,"date":"2022-08-15T11:48:53","date_gmt":"2022-08-15T11:48:53","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=9964"},"modified":"2022-08-15T11:48:54","modified_gmt":"2022-08-15T11:48:54","slug":"saudi-arabia-agrees-to-rollover-3bn-deposits-in-pakistan","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/saudi-arabia-agrees-to-rollover-3bn-deposits-in-pakistan\/","title":{"rendered":"Saudi Arabia agrees to rollover $3bn deposits in Pakistan"},"content":{"rendered":"<p>Saudi Arabia agrees to rollover $3bn deposits in Pakistan. Kingdom of Saudi Arabia has agreed to roll over its $3bn deposits in Pakistan which will help to revive the <a href=\"https:\/\/www.imf.org\/en\/Home\">International Monetary Fund<\/a> (IMF) loan.<\/p>\n<p>Saudi Arabia extended support multiple times to Pakistan. It pledged $4.2 billion in assistance to Pakistan when the former prime minister, Imran Khan, visited the kingdom. That included a deposit of $3 billion with the State Bank of Pakistan to help shore up its reserves and a facility to finance oil derivatives trade worth $1.2 billion during the year.<\/p>\n<p>Earlier in the month, Chief of Army Staff (COAS) General Qamar Javed Bajwa spoke with the authorities of the United Arab Emirates and Saudi Arabia to discuss the IMF program.<\/p>\n<p>The extended fund facility worth $1.2 billion with the IMF was discussed with the friendly countries, including the upcoming executive board meeting of the IMF which is expected to ratify the loan program.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/saudi-crown-prince-confers-order-of-king-abdulaziz-on-coas-gen-bajwa.html\">Saudi crown prince confers Order of King Abdulaziz on COAS Gen Bajwa<\/a><\/strong><\/em><\/p>\n<p>Before that, Army Chief also called US Deputy Secretary of State seeking help so Islamabad could secure an early dispersal of $1.2 billion in funds under an IMF program.<\/p>\n<p>Pakistan\u2013Saudi Arabia relations, or Pakistani-Saudi Arabian relations, refers to the bilateral relations between Pakistan and Saudi Arabia. Relations have been historically close and friendly, frequently described by analysts as constituting a special relationship.<\/p>\n<p>Despite Pakistan&#8217;s growing relationship with Iran (see Iran-Saudi Arabia proxy conflict) and Saudi Arabia&#8217;s growing relationship with India (see Indo-Pakistani wars and conflicts), Pakistan has sometimes been dubbed as &#8220;Saudi Arabia&#8217;s closest Muslim ally.&#8221;<\/p>\n<p>Pakistan has, in line with its pan-Islamic ideology, assumed the role of a guardian of Saudi Arabia against any external or internal threat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia agrees to rollover $3bn deposits in Pakistan. Kingdom of Saudi Arabia has agreed to roll over its $3bn deposits in Pakistan which will help to revive the International Monetary Fund (IMF) loan. Saudi Arabia extended support multiple times to Pakistan. It pledged $4.2 billion in assistance to Pakistan when the former prime minister, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[6453,427,160,225,138],"class_list":["post-9964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-army-chief","tag-saudi-arabia","tag-imf","tag-ksa","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=9964"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/9964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/9965"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=9964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=9964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=9964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}