Pakistan may borrow another USD 2.8 billion from IMF under Saudi Arabia's SDR quota: Report

Aug 15, 2022

Islamabad [Pakistan], August 15 : Pakistan claimed that Islamabad has been able to borrow up to USD 2.8 billion against Riyadh's quota of Special...

Pakistan receives final USD 1 billion Saudi deposit as fragile economy struggles under mounting debt

Apr 21, 2026

The State Bank of Pakistan received USD 1 billion from Saudi Arabia, completing a USD 3 billion deposit. While this bolsters depleted reserves, Pakistan...

Saudis miffed at Islamabad over calls of Pakistan-led coalition of Islamic countries to counter Israel

Jun 26, 2021

Riyadh [Saudi Arabia], June 26 : Pakistan has drawn the ire of Saudi Arabia after Islamabad called for a Pakistan-led coalition of Islamic countries...

Saudi FM to visit Pakistan next month to discuss bilateral issues

Dec 28, 2020

Islamabad [Pakistan], December 29 : Amid souring ties between Saudi Arabia and Pakistan, a high-level Saudi delegation led by the kingdom's foreign minister is...

Moody's downgrades 5 Pakistani banks' ratings; maintains negative outlook

Oct 12, 2022

Islamabad [Pakistan], October 12 : Moody's Investors Service has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks.

Saudi not in mood to mend ties with Pak? Bajwa fails to secure meet with MBS

Aug 19, 2020

Riyadh [Saudi Arabia], Aug 18 : It seems Saudi Arabia is in no mood to mend ties with Pakistan whose Army Chief General Qamar...