PM Shahbaz thanks Crown Prince Salman for Saudi economic support
Saudi Crown Prince Mohammad Bin Salman receives PM Shehbaz Sharif upon his arrival for a state visit on April 30, 2022. -PM Office ISLAMABAD: Prime Minister Shahbaz Sharif telephoned Saudi Arabia Crown Prince Mohammad Bin Salman and thanked him for the recent economic and development support provided to Pakistan. According to a PM Office statement, the prime minister recalled the historic support extended by the kingdom to Pakistan in times of need and conveyed his deep respect to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. The development comes after Saudi Arabia bailed out Pakistan ahead of a crucial board meeting of the International Monetary Fund (IMF) later this month to approve Pakistan’s request for a $1.17 tranche. The IMF agreed last month to increase its loan package by $1bn to $7bn, but has conditioned the disbursement on assurances that Pakistan receives additional financial support from elsewhere. According to a Financial Times report, ...