Image Source: AP FILE PHOTO
Imran Khan, Prime Minister of Pakistan

Reflexes

  • The general public is concerned about inflation in Pakistan
  • Pakistan had requested help from Saudi Arabia to stabilize its economy.
  • Shaukat Tareen, Advisor to the Prime Minister on Finance and Revenue, confirmed the receipt of assistance.

Islamabad: Cash-strapped Pakistan received $ 3 billion in financial aid from Saudi Arabia on Saturday. A senior government official gave this information. Pakistan had requested help from Saudi Arabia to stabilize its economy. This amount is part of that. Financial aid to Pakistan from Saudi Arabia comes more than a month after Prime Minister Imran Khan visited Riyadh and held talks with Crown Prince Mohammed bin Salman.

Following the talks, Saudi Arabia agreed to provide $ 4.2 billion in aid to Pakistan, of which $ 3 billion would be transferred to Pakistan’s central bank as deposits. Advisor to the Prime Minister of Finance and Revenue, Shaukat Tareen, confirmed that the State Bank of Pakistan (SBP) has received $ 3 billion from Saudi Arabia.

Imran Khan said: the government has no money to run the country

Let us tell you that there is an outcry in Pakistan due to increasing inflation. According to The News report, food prices in Pakistan have doubled, while the prices of ghee, oil, flour and chicken have reached historic levels. Pakistani Prime Minister Imran Khan admitted on a show Tuesday that the country’s economic situation is very bad. He also said that the government does not have the money to run the country. Increased external debt and low tax collection have become national security problems.

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