'Nothing unusual about loan return to Saudi Arabia'

Information Minister Senator Shibli Faraz said Pakistan has always valued its brotherly relationship with Saudi Arabia and looking at “routine matters with suspicion is not in the country’s interest”

Aug 12, 2020
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Information Minister Senator Shibli Faraz said Pakistan has always valued its brotherly relationship with Saudi Arabia and looking at “routine matters with suspicion is not in the country’s interest”.

While addressing the media in Islamabad following the federal cabinet meeting on Tuesday , he dispelled the speculations that Islamabad’s relations with Riyadh have deteriorated lately. Responding to a question on Saudi loan payment of $1 billion, he said the loans are meant to be returned and there is nothing unusual about it.

The federal cabinet was given briefing on the status of the national economy and it was noted with satisfaction that it headed in a positive direction despite the COVID-19 factor while the current account deficit had been brought down from $20 billion to dollars $3 billion.

Adviser on Finance Dr Abdul Hafeez Sheikh briefed the federal cabinet, chaired over by Prime Minister Imran Khan here, on the status of economy on the completion of two years of the PTI-led government, and noted that the current account deficit had been brought down from $20 billion to $3 billion.

https://www.thenews.com.pk/print/699399-nothing-unusual-about-loan-return-to-ksa-shibli

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