Pakistan

Conditional decision of Saudi Arabia to give loan to Pakistan for 4 projects

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Pakistan’s loan from Saudi Arabia for development projects has been settled.

According to sources in the Prime Minister’s Office, Saudi Arabia has made a conditional decision to give 382 million dollars to Pakistan for 4 development projects.

Sources say that the Saudi condition of tax exemption for the funds will be met. Pakistan and Saudi Arabia will soon sign agreements.

Sources further say that many agreements are likely to be signed during the expected visit of the Saudi Crown Prince to Pakistan. The Ministry of Planning, Finance, Petroleum and External Affairs have completed the work on the agreements.

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