Saudi foreign minister visits Pakistan to discuss aid for economic recovery

April 16, 2024 by No Comments

ISLAMABAD (AP) — foreign minister on Monday led a high-level delegation on a two-day visit to , which is seeking help in overcoming one of its worst economic crises. visit comes a week after Prime Minister Shehbaz Sharif met with Crown Prince Mohammed bin Salman in Saudi Arabia, one of Pakistan’s closest allies and a leading supplier of oil to Islamabad.Prince Faisal is expected to meet with Sharif and President Asif Ali Zardari.According to Pakistani officials, Prince Mohammed told Sharif that Saudi Arabia would invest $5 billion in Pakistan.Last year, Saudi Arabia deposited $2 billion into Pakistan’s central bank to boost its foreign exchange reserves.Pakistan is also in talks with the International Monetary Fund to get a new bailout.