Big News: How SAUDI saved PAKISTAN from a collapse Update 2024

How SAUDI saved PAKISTAN from a collapse

How SAUDI saved PAKISTAN from a collapse This is the man Muhammad bin Salman Saudi Arabia’s Crown Prince Muhammad bin Salman has promised to invest 25 billion dollars in Pakistan. After the country where the import was found, General Munir of Pakistan has promised the business community of Pakistan that they will bring 25 to 30 billion dollars from Queret and Kuwait as well. The economy will come on the track and what makes a difference to us is our Pakistan Express where we have tried to consider the economy of Pakistan as an Indian pansy. Inflation in Pakistan was 30 percent, the highest in the last 50 years. People were fighting each other for food, running behind trucks to buy flour. Read:How can I check my eligibility for the Ehsaas Program?  

Pakistan’s Economy

There was money for imports even after that, except for Afghanistan, Pakistan had become the worst economy in the entire subcontinent. It had become one of the low S35 ratios in the development index and all the friends of Pakistan had refused to help Pakistan in this IMF UAE was even involved in tea with Pakistan in the last 75 years. 23 times has taken help from IMF Pakistan’s economy is an interesting economy because it has grown as an ad-based economy. It comes from outside as a loan or as a help but anyone charges interest at a different rate for free. The problem is that every year Pakistan earns 32 percent of its total income as a loan and spends 28.5 percent every year in the repayment of the same loan, which is the reason for making blood relief. Loans are being taken for or for education, so they have only a little money left. This cycle is stuck in the Pakistani cycle. 

How SAUDI saved PAKISTAN from a collapse

Qureshi Foreign Office 

How SAUDI saved PAKISTAN from a collapse No amount of money can solve the problems of Pakistan without breaking. The world knows except this man, Emily is the messiah of Pakistan. In 2019, when MBS came to Pakistan, he signed an MoU site worth 21 million dollars, of which 12 million dollars was to be built, where Imran Khan became the Prime Minister of Balochistan. Shah Mehmood Qureshi Foreign Office Minister but due to a mistake this deal failed. In 2020, OIC in Pakistan started criticizing him because he did not support Pakistan on the Kashmir issue. There is such a Muslim majority ratio that Saudi Arabia leads, this did not like the leadership of Saudi at all and the impact of political divisions on the economy of Pakistan was a powerful statement of these two that if we need help, we will listen to them. Now, Saudi Arabia has given Pakistan a great opportunity. Read:Web portal registration 2024 complete procedure  

China’s big master plan

How SAUDI saved PAKISTAN from a collapse Many people believe that Pakistan and Saudi Arabia are with each other only for religious reasons, but the truth is deep. has an independent defense part and Pakistan can help them to achieve an important objective and that is to stop the friendship between China and Iran. But this is a small part of China’s big master plan, the Merit and Road Initiative. China wants to include Iran in the Bed and Road Initiative. China has made a deal with Iran worth 400 billion US dollars, which is called China Iran. Due to the geography of Shahbahar, China will need the help of Pakistan to make this project successful. Saudi Arabia has been loyal since winter and China imports the most oil from Saudi Arabia.  Read:How to apply Kisan card

Maintain Stability

How SAUDI saved PAKISTAN from a collapse They saved the pipelines near Belton Rostam, Saudi’s biggest oil importer can import oil from their biggest rivulet, it is very bad on the stage of geopolitics, as many Indians work in Saudi. Many Pakistanis also go to Saudi Arabia to work. This Pakistani community is quite large. 2.5 million Pakistanis in Saudi Arabia receive 691 million dollars in remittances every year. It may be in the interest of Saudi Arabia to maintain stability at the home of this great talent pool of Pakistan. That it was just a coincidence Saudi made a decision to help Pakistan and realized that the two people who criticized the OIC and directly Saudi were put in jail until the challenges of Pakistan MPS helped a life. Also Read:How to apply for electric bike scheme

Current Account

How SAUDI saved PAKISTAN from a collapse It is light, but will it end the prices of Pakistan? Let’s keep cool. We need to understand some other issues of the Pakistani economy. The biggest issue is the current account. Lat-out is generated i.e. foreign exchange money basically goes out of the US dollar face. This is a matter of tension for a country going through an economic crisis. Surprisingly, Pakistan’s trade account ran in surplus for five months from March to July. That is, more than the Export Supreme Court of Pakistan, but it happened that the government put restrictions on imports, it made it impossible for people to import things from outside, which made the company’s imports 27% last year, but this is a temporary measure, the rest of the dollars are Pakistan. Don’t go outside the money given by NBS is not enough.


Did Saudi Arabia save Pakistan from economic collapse?

This is a complex issue. Saudi Arabia has certainly provided some financial assistance to Pakistan, but it’s difficult to say definitively whether it prevented a complete collapse. Pakistan’s economic problems are deep-rooted, and a full recovery will require long-term solutions.Read: Punjab government Nawaz Sharif Kisan Card features

What kind of assistance has Saudi Arabia offered?

There have been discussions about Saudi investments in Pakistan, including oil on deferred payments and increased oil imports. There are also talks of loans or financial packages. However, concrete details and finalised agreements haven’t been widely reported as of May 3, 2024.

Is Saudi Arabia’s help a permanent solution?

Financial assistance can provide temporary relief, but it’s not a long-term fix. Pakistan needs to address underlying economic issues to achieve sustainable growth.Read:25000 Start CNIC Ehsas Program 8171 Benazir income support program

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