Saudi Arabia had helped
Saudi Arabia had already drawn deposits worth over $3 billion for one year, maturing on December 5, 2022. This $3 billion deposit is part of the $4.43 billion foreign exchange reserves lying with the State Bank of Pakistan. This $3 billion deposit and $1.2 billion oil facility was provided by the KSA in November 2021 during the tenure of the PTI-led government.
Pakistan Crisis Saudi: Prince did not meet Nawaz Sharif, ‘stopped’ Shahbaz from coming, huge insult to Pakistan in Saudi Arabia
Shahbaz went to Saudi on the first tour
According to a report in The News, when the current Prime Minister Shehbaz Sharif visited Saudi Arabia after assuming power last year, the Pakistani authorities handed over $3 billion in deposits for one year and $1.2 billion in oil as well. Requested for additional deposit amount. Shahbaz Sharif went to Saudi Arabia on his first foreign tour after sitting on the chair of the Prime Minister.
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