Government

PM Shahbaz Sharif go for Umrah to Saudi Arabia

PM Shehbaz Sharif emerge in Madinah to launch a three-day trip to Saudi Arabia

A 13-member group embraces federal ministers Bilawal Bhutto, Khawaja Asif, and Miftah Ismail is going with the premier. Prime Minister Shehbaz Sharif takes off on his first visit abroad after presuming the office earlier this month on the call of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.

Prime Minister Shehbaz Sharif ensue in Madinah on Thursday to kick off his three-day visit to the Kingdom at the invitation of Saudi Crown Prince Mohamed bin Salman bin Abdulaziz. The delegacy attending the premier incorporates the newly agreed Foreign Minister Bilawal Bhutto-Zardari, Defense Minister Khawaja Asif, Finance Minister Miftah Ismail, and Information Minister Marriyum Aurangzeb, Shahzain Bugti, Mohsin Dawar, Khalid Maqbool Siddiqi, Chaudhry Salik, and four members of PM Shehbaz Sharif’s escort. Taking to Twitter, PM Shehbaz Sharif said that his visit will “extend and reassert” ties between the two countries. He said that he will hold a wide-ranging conference with the Saudi leadership.

$3.2b economic assistance

Been Pakistan has marked to look for an additional lot of $3.2 billion from Saudi Arabia to raise the total amenity to $7.4 billion from the existing $4.2 billion during the topical visit of Prime Minister Shehbaz Sharif, top formal sources confirmed while talking to The News on Wednesday.

“We are set about to request the state of Saudi Arabia to increase the amount of the deposit from $3 billion to $5 billion and dual the Saudi Oil Facility (SOF) from $1.2 billion to $2.4 billion, so the total package perhaps increased up to $7.4 billion during the visit of premier Shehbaz Sharif.

” When one of the top officials of the fund Division was approached and asked about the suggested package from Saudi Arabia, he replied: “We are requesting for suspending payment facility and intensify the credit extended for forex support.” Pakistan will also make a request for capsize of the existing package of $4.2 billion for one year till June 2023 in order to dispose of it with the IMF program as Islamabad has already asked the Fund to extend the existing Extended Fund Facility (EFF) for nine months till June 2023 ally with increasing the size of the program from $6 billion to $8 billion.

Saudi Arabia had already given a $3 billion pledge to Pakistan

Saudi Arabia had already given a $3 billion pledge to Pakistan. And an oil facility on deferred payment worth $1.2 billion during the tenancy of the last PTI-led dominion. The deposits define December 2021. While the Saudi Oil Facility (SOF) kick off in March 2022 and so far, $100 million seemed to expend. Saudi Arabia deposed rigid conditions on the last package amount of $4.2 billion and relate it to the IMF program.  Program is await to be rescue by the end of June 2022 if all things are sort out. As Islamabad vital relief for three months period

PM Shehbaz Sharif’s Saudi Arabia visit

PM Shehbaz Sharif. KSA visit is his first visit widely after the ducinguce office earlier this month, as per the Foreign Office.

In a statement, Ministry of Foreign incident mediator Asim Iftikhar said Wednesday PM Shehbaz Sharif. Would visit Saudi Arabia from April 28-30. And he will be accompanied by a top-tier delegation comprising key members of the case. Even so, the FO had unapt any details about this high-level delegation amid theory regarding. Who would be accompanying the prime minister. The number of the members of the delegation is missing too.” During the visit, the prime minister will have dual interaction with the Saudi authority. With a certain focus on proceeding economically. Trade and investment ties, and forming a greater chance for the Pakistani staff in Saudi Arabia. The two sides will also be swapping views on a range of topical and international issues of joint interest,” the spokesperson had said.

Pakistan and KSA are leaped by a social relationship mark by mutual trust

Iftikhar said Pakistan, KSA and leaps are leap by a social relationship mark by mutual trust and grasp close teamwork. And an enduring tradition of supporting each other. The people of Pakistan hold the Custodian of the Two Holy Mosques in the highest respect.” The bilateral relationship is go with by direct mutual alliance at a topical and international conference. Saudi Arabia is a member of the OIC approach Group on Jammu and Kashmir. The Kingdom of Saudi Arabia is home to more than two million Pakistanis. Who donate to the progress, wealth, and economic development of the two cordial countries,” he added. The spokesperson noted that orderly high-level visits are a key trait of this special relationship. Iftikhar added that the prime minister’s visit to Saudi Arabia will convey a burly impetus to intensify bilateral cooperation. In varied fields and further fortify the growing league between the two countries.

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