Islamabad, October 6, 2023 – Pakistan has officially expressed its support for the Kingdom of Saudi Arabia’s bid to host the FIFA World Cup in 2034.
(more…)Tag: Saudi Arabia
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Saudi Weightlifter Makes History with Asian Medal Win
In an extraordinary triumph for Saudi sports, Layan Al-Qurashi has etched her name into the annals of history by clinching an unprecedented achievement.
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PM Sharif Expresses Gratitude to Saudi Arabia for $2 Billion Deposit
Islamabad, July 12, 2023 – In a significant development for Pakistan’s economy, Prime Minister Shehbaz Sharif expressed his heartfelt thanks to Saudi Arabia for depositing a substantial amount of $2 billion with the State Bank of Pakistan (SBP).
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Pakistan, Saudi Arabia ink ‘Road to Makkah’ deal for pilgrim facilitation
In a significant development, Pakistan and Saudi Arabia have officially inked an agreement to implement the “Road to Makkah” initiative, designed to simplify the immigration process for Hajj and Umrah pilgrims.
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Saudi Arabia evacuates 91 people, including Pakistanis, from Sudan amidst crisis
The Embassy of Saudi Arabia in Pakistan recently announced that it had successfully evacuated 91 individuals from different countries, including Pakistani citizens who were stranded in Sudan.
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Saudi Arabia deploys extensive air surveillance system for Hajj pilgrimage
ISLAMABAD: The Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malki, has announced that the Saudi government has deployed an extensive air surveillance system to ensure the safety and security of all the faithful preparing to embark on the annual Hajj pilgrimage to the Kingdom.
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Saudi Fund provides $240 million for Mohmand Dam project
The Saudi Fund for Development (SFD) has recently signed a loan agreement worth $240 million to support Pakistan’s Mohmand Multipurpose Dam Project, according to a statement issued Friday.
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Saudi Arabia raises SAR 17 million for earthquake victims in Turkiey and Syria
Saudi Arabia has raised over SAR 17 million as donations to help earthquake victims in Syria and Turkey.
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Saudi Arabia extends term of $3 billion deposit for Pakistan
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 dollars to the SBP.
The extension of the term of the deposit is a continuation of the support provided by the government of the Kingdom of Saudi Arabia to the Islamic Republic of Pakistan, as the deposit aimed to shore up the foreign currency reserves in the bank and help Pakistan in facing the economic repercussions of the COVID-19 pandemic; it, furthermore, contributed to meet external sector challenges and achieve sustainable economic growth for the country.
It is worth noting that the $3 billion-deposit agreement was signed through the Saudi Fund for Development (SFD) with the State Bank of Pakistan in November of last year 2021, after the issuance of the royal directives that reflect the continuation of the close relationship between the two countries.
