Saudi Arabia on Thursday announced an additional $3 billion deposit to the State Bank of Pakistan (SBP), saying the financial support was provided on directives from King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman. The development comes a day after Finance Minister Muhammad Aurangzeb said that Riyadh committed $3 billion in […]
Saudi Arabia
‘West Asia War Quad’ set to turn a new leaf as it nears formalisation for a name
Foreign Ministers of Pakistan, Türkiye, Saudi Arabia and Egypt are currently in advance stages to finalize the formal working of what was once an informal Quad mechanism that came into being on the sidelines of the Arab Islamic Foreign Ministers meeting on the 19th of March in Riyadh. The formalisation of a new quadrilateral framework […]
Asian Cup draw set for May 9 in Saudi Arabia
The draw for the 2027 Asian Cup will be held in Saudi Arabia next month, Asian football officials said on Wednesday, after being postponed when the Middle East war broke out. The draw was supposed to take place on April 11 in Riyadh, but the event was moved “to ensure the full participation of all […]
PM Shehbaz Sharif concludes Saudi visit, heads to Qatar for talks
Prime Minister Shehbaz Sharif has concluded his official visit to Saudi Arabia and is now travelling to Doha for high-level talks with Qatar’s leadership, the Prime Minister’s Office (PMO) said on Thursday. Read More: PM Shehbaz meets Saudi crown prince in Jeddah According to the PMO, the prime minister will hold a bilateral meeting with […]
Pakistan receives $2 billion from Saudi Arabia
Pakistan has received $2 billion from Saudi Arabia, confirmed the State Bank of Pakistan, marking a significant boost to the country’s foreign exchange reserves amid ongoing economic pressures. Read More: Saudi Arabia pledges $3 billion support for Pakistan According to official confirmation, the funds were transferred as part of Saudi financial support commitments to Pakistan. The development […]
Pakistan to continue efforts for Iran-US talks: PM Shehbaz Sharif
Prime Minister Shehbaz Sharif has reaffirmed that Pakistan will continue its efforts to advance dialogue between the United States and Iran and promote lasting peace and stability in the region. Read More: When the World Held Its Breath, Pakistan Chose Dialogue over War In a statement shared on social media platform X following his meeting with Saudi […]
Saudi Arabia pledges $3bn additional support, extends $5bn deposit
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, informed that the Kingdom of Saudi Arabia has committed USD 3 billion in additional deposits, with disbursement expected in the coming week. According to a press release issued by the finance ministry here on Wednesday, the minister was talking to the media in Washington, D.C., on […]
PM lands in Saudi Arabia on first leg of regional tour
Prime Minister Shehbaz Sharif arrived in Jeddah on Wednesday alongside a high-level delegation on an official visit to Saudi Arabia, the Prime Minister’s Office (PMO) said. In a post on X, the PMO said the premier was received by the Deputy Governor of the Makkah Region, Prince Saud bin Mushaal bin Abdulaziz, Saudi Arabia’s Ambassador […]
PM Shehbaz has departed from Islamabad for a three-nation official visit
Prime Minister Shehbaz Sharif has departed from Islamabad for a three-nation official visit to Saudi Arabia, Qatar, and Turkey, the Foreign Office confirmed on Wednesday. Read More: Pakistan, Saudi Arabia, Turkey, and Egypt meeting is scheduled to take place on April 17 in Türkiye According to the Foreign Office, the visit will take place from […]
PSX gaining over 4,000 points Iran US talks boost investor sentiment
The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday, with the benchmark KSE-100 Index gaining over 4,000 points amid renewed optimism over potential negotiations between the United States (US) and Iran. Read More: PSX sheds nearly 4% after Iran peace talks collapse The KSE-100 Index climbed to 170,179.03 points, marking an increase of 4,544.19 points or […]