• Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Sunday, March 7, 2021
No Result
View All Result
NEWSLETTER
Developing Pakistan
  • News
  • National
  • CPEC
  • Economy
  • Infrastructure
  • Tech and Telecom
  • Business
  • Health Care
  • Automotive
  • News
  • National
  • CPEC
  • Economy
  • Infrastructure
  • Tech and Telecom
  • Business
  • Health Care
  • Automotive
No Result
View All Result
Developing Pakistan
No Result
View All Result
Home News

SaudiArabia and #UAE Decide Not to Withdraw $2 Billion Cash Deposits

by Admin
in News
0
SaudiArabia and #UAE Decide Not to Withdraw $2 Billion Cash Deposits
0
SHARES
3
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion cash deposits that they provided #Pakistan as loans. Both these loans matured in the fourth week of January 2021.

This indicates an improvement in lately-frosty relations between Pakistan and the two key Gulf nations

The move by the Kingdom of Saudi Arabia (KSA) is also important, considering that the country had already withdrawn $2 billion out of $3 billion loans that it extended to Pakistan in late 2018.
In December 2020, with the withdrawal of $1 billion deposits, Pakistan’s foreign minister had said that KSA had to take this step due to a slump in crude oil prices.

At the moment, it is unclear whether KSA would also revive the $3.2 billion deferred oil financing facility. The kingdom had withdrawn the said financing facility in May last year.

On the other hand, the UAE has also rolled over a $1 billion deposit for another year.

Tags: Saudi ArabiaUAE
ShareTweetSend

Popular News

  • City Motorcycle

    City Motorcycle Eco 70 CC

    0 shares
    Share 0 Tweet 0
  • Express Motorcycle 2021 Model

    0 shares
    Share 0 Tweet 0
  • Pi Network Invitation Code

    0 shares
    Share 0 Tweet 0
  • Who is Present Caliph of Muslim in Islam

    0 shares
    Share 0 Tweet 0
  • Bus Rapid Transit BRT Green Line Karachi Under Construction.

    0 shares
    Share 0 Tweet 0

Recommended

cropped OL4 min 1024x683 1

Careem & 1LINK have entered into a partnership to digitize payments with in Careem Pay platform

FB IMG 1576739473881 1

Islamabad to Get 10 Hi-Tech Police Stations Similar to HongKong Police

Connect with us

Category

  • Automotive
  • Business
  • CPEC
  • Economy
  • Education
  • Health Care
  • Infrastructure
  • National
  • News
  • Tech and Telecom

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

keep in touch with the latest economic, infrastructure developments, CPEC, CAREC, TAPI, IPP, NSP updates in #Pakistan.

Send Your News : [email protected]
Send Your Query : [email protected]

  • News
  • National
  • CPEC
  • Economy
  • Infrastructure
  • Tech and Telecom
  • Business
  • Health Care
  • Automotive

Copyright © 2019 Developing Pakistan

No Result
View All Result
  • News
  • National
  • CPEC
  • Economy
  • Infrastructure
  • Tech and Telecom
  • Business
  • Health Care
  • Automotive

Copyright © 2019 Developing Pakistan

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Shoptofind
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.