Highlights
- Imran Khan’s raffle in front of the Crown Prince of Saudi Arabia has finally worked
- Saudi Arabia has announced that it will deposit $3 billion in the State Bank of Pakistan.
- Saudi has given this relief to Pakistan at a time when the country’s economy is very bad.
After getting disappointed in getting loans from World Bank to IMF, Pakistan’s Prime Minister Imran Khan has finally worked his way up to Saudi Arabia’s Crown Prince Mohammed bin Salman. The Saudi Fund for Development has announced that it will deposit $3 billion in the State Bank of Pakistan to help Pakistan’s Foreign Monetary Fund. Saudi Arabia has given this big relief to Pakistan at a time when the country’s economy is on the verge of bankruptcy.
According to Pakistani TV channel Geo News, the Saudi Fund also informed that an official directive has been issued under which $ 1.2 billion will be given to Pakistan this year to finance the trade in oil products. This Saudi aid going to Pakistan has been confirmed by Pakistan’s Information Minister Fawad Chaudhry and Energy Minister Hamad Azhar.
‘Will help in reducing the pressure created on the foreign exchange’
“This will help in easing the pressure on trade and foreign exchange fund due to increase in global commodity prices,” Azhar said. Earlier in May, Fawad Chaudhry said that Saudi Arabia has agreed to restart the oil facility for Pakistan. Earlier, during his other visit, Imran Khan had requested Saudi Arabia regarding the supply of oil.
Earlier, the International Monetary Fund had given a big blow to the pauper Pakistan, who was repaying the loan by taking a loan. The IMF had refused a loan of one billion dollars to Pakistan. To persuade the IMF, the Imran government drastically increased the prices of electricity and petrol and diesel, but even this could not satisfy the global body. Due to non-receipt of loan from IMF, now PM Imran Khan has to spread his bag once again in front of Saudi Arabia.
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Imran Khan government is continuously taking loan to repay the loan
In fact, on the plea of the Pakistan government, the IMF had given an extended fund facility of $ 6 billion to save the economy which was on the verge of destruction. Under this, one billion dollars was to be given as a next installment. According to Pakistani media, talks have not been made between the Government of Pakistan and the IMF regarding this money. The Imran Khan government, which came by promising not to take foreign loans, is continuously taking loans to repay the loan.
Recently, in the Parliament of Pakistan, the Imran Khan government had admitted that now every Pakistani now has a debt of Rs 1 lakh 75 thousand. In this, the contribution of Imran Khan’s government is Rs 54901, which is 46 percent of the total amount of the loan. This debt burden on Pakistanis has increased in the last two years. That is, when Imran took over the power of Pakistan, every citizen of the country had a debt of Rs 1,20099.
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