KARACHI: Saudi Arabia on has extended the term of $3 billion deposit with the State Bank of Pakistan (SBP), said a statement issued on Friday. The central bank said that the Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of 3 billion […]
Saudi Arabia has launched an insurance program for Umrah performers coming from all over the world. Under the insurance program pilgrims and visitors can benefit from more than 2,764 facilities providing health services in various cities and regions of the Kingdom during the current Umrah season. The Saudi Arabia’s Ministry of Hajj and Umrah has […]
RIYADH: Prime Minister Shehbaz Sharif on Monday arrived Riyadh, Saudi Arabia on a two-day visit to attend the Future Investment Initiative (FII) Summit being held from October 25-27, 2022. The prime minister is visiting the Kingdom at the invitation of Saudi Crown Prince Mohammed Bin Salman bin Abdulaziz. At the airport, the Governor of Riyadh […]
RIYADH: Saudi Arabia on Tuesday appointed Crown Prince Mohammed bin Salman as the prime minister of the country. Custodian of the Two Holy Mosques King Salman has issued on Tuesday a royal decree appointing Crown Prince Mohammed bin Salman as Prime Minister of Saudi Arabia. However, the weekly session of the Cabinet, in which the […]
ISLAMABAD: A state minister on Thursday briefed Saudi envoy about investment opportunities in Pakistan. Minister of State and Chairman Board of Investment (BOI), Muhammad Azfar Ahsan highlighted the investment opportunities at a meeting with the Ambassador of Kingdom of Saudi Arabia to Pakistan, Nawaf bin Said Al-Malki. Both sides shed light on the cordial relations […]
ISLAMABAD: Pakistan and Saudi Fund for Development (SFD) have signed debt service suspension agreements amounting $846 million, a statement said on Thursday. The agreements have been signed under the G-20 Debt Service Suspension Initiative (DSSI) Framework. Nawaf bin Saeed Al-Malkiy, Ambassador of the Kingdom of Saudi Arabia to Pakistan witnessed the signing ceremony held in […]
ISLAMABAD: Saudi Arabia to operationalize soon the oil facility to Pakistan, it was agreed at a meeting on Thursday. Ambassador of the Kingdom of Saudi Arabia in Islamabad Nawaf bin Saeed Al-Malkiy called on the Federal Minister for Economic Affairs Omar Ayub Khan in his office on Thursday. READ MORE: KSA extends oil on deferred […]
ISLAMABAD: A deal has been signed on Sunday by Pakistan and Saudi Arabia for certification and employment of Pakistani skilled workforce through Takamol and NAVTTC. The agreement was signed by Minister for Federal Education and Professional Training, Shafqat Mahmood from the Pakistan side, and Dr. Ahmad Jabbar Al Yamni, from Saudia Arabia Takamol side. The […]
ISLAMABAD: Nawaf bin Said Al-Malki, Ambassador of Saudi Arabia in Pakistan, has stressed the need to remove barriers in trade between Saudi Arabia and Pakistan. While welcoming a delegation from Federation of Pakistan Chambers of Commerce and Industry (FPCCI) led by its president Mian Nasser Hyatt Maggo at Saudi Embassy Islamabad, Al-Malki underscored the need […]
ISLAMABAD: The Kingdom of Saudi Arabia (KSA) has signed an agreement to extend an oil facility of $100 million per month for one year to Pakistan on deferred payments. Sultan bin Abdulrahman Al-Marshad, CEO of Saudi Fund for Development (SFD) exchanged the Financing Agreement with Omer Ayub Khan, Minister for Economic Affairs for the Import […]