ISLAMABAD – Saudi Arabia will soon disburse $3 billion cash deposits toPakistan under the pledged financial assistance after approval of the RoyalCourt and signing of a Memorandum of Understanding (MoU) in a few days.
These views were expressed by Saudi Ambassador Nawaf Bin Said Al-Malki saidwhile talking to APP on Thursday. The Saudi diplomat said, “This willhappen soon, Insha Allah. There will be the agreement from the Royal Courtand the MoU will be signed in a few days for the payment, and also for thedeferred oil payment [facility].”
Saudi Arabia had recently announced to provide Pakistan $3 billion as acash deposit with the State Bank to address its balance-of-payments crisis.Also, the Kingdom had pledged a one-year deferred payment facility for theimport of oil, worth up to another $1.2 billion.
Ambassador Al-Malki said the government of Saudi Arabia considered Pakistan“a dear country” with a very deep and strong relationship.
He said Saudia Arabia always stood with Pakistan and extended support to iton multiple occasions, adding that the relationship with Pakistan wasregardless of any government in power.
“Our connection is with the Pakistani flag and we consider it our brotherlycountry,” he said, adding that he saw a “very bright future of Pakistan”.
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The Saudi ambassador mentioned the camaraderie between the Saudi CrownPrince Mohammed Bin Salman and Prime Minister Imran Khan and expressedconfidence that the relationship would strengthen in the future.
In three years, the six visits of PM Imran Khan to the Kingdom reflect thelevel of relationship, he added.
The Saudi envoy said Pakistani people loved the Kingdom of Saudi Arabiafrom the core of their hearts and held in high esteem the Custodian of theholy mosques.
Ambassador Al-Malki, who in a few months is completing eight years of hisstay in Pakistan, said the people of the country were very friendly anddeserved a lot of good in their lives.
