ISLAMABAD: Saudi Arabia and Pakistan will sign an Memorandum of Understanding (MoU) very soon for the transfer of the promised amount in the shape of deposits to Pakistan under the pledged financial assistance, Nawaf Bin Said Al-Malki, envoy of KSA in Islamabad said.
Saudi Ambassador said a Memorandum of Understanding (MoU) will be signed in a few days for the cash deposits and deferred oil payment facility.
Saudi Arabia has pledged to deposit $3 billion with the State Bank of Pakistan to address the country’s balance-of-payments crisis. Besides, the Kingdom pledged a one-year deferred oil payment facility for Pakistan a few days ago when Prime Minister Imran Khan visited the KSA.
The envoy said that the Saudi government considered Pakistan as a dear country with a very deep and strong relationship. The Kingdom always stood with Pakistan and extended support to it on multiple occasions, he added.
“Our connection is with the Pakistani flag and we consider it our brotherly country. Pakistan has a very bright future,” he added.
Ambassador Nawaf Bin Said Al-Malki said the people of Pakistan loved the the Kingdom of Saudi Arabia from the core of their hearts and held the Custodian of the Two Holy Mosques in high esteem.
