Share:ISLAMABAD - Pakistan is looking at the trust­ed friends again to re­vive the economic sit­uation as the coun­try fights destructive floods that have affect­ed millions. Pakistan hopes to get relief from Saudi Ara­bia and China to keep mov­ing during the ongoing vis­it of Prime Minister Sheh­baz Sharif to Saudi Arabia and the upcoming trip to Chi­na. Prime Minister Sharif has discussed rollover of $3 bil­lion in deposits which ma­ture in December this year, and additional financial sup­port with Saudi Arabian au­thorities. Pakistan urgently requires rapid financial assis­tance from friendly countries like Saudi Arabia and China, as well as from the Interna­tional Monetary Fund (IMF) to avoid a balance-of-pay­ments catastrophe. Later, PM Shehbaz Sharif also intends to travel to China in the coming days.

Source: The Nation October 26, 2022 06:43 UTC