PM Khan thanks Saudi Arabia, China and UAE for financial assistance

Pakistan’s Prime Minister Imran Khan and Saudi Crown Prince Mohammed Bin Salman riding in a carriage during a welcome ceremony in Islamabad on February 18, 2019. (AFP)
Updated 13 June 2019

PM Khan thanks Saudi Arabia, China and UAE for financial assistance

  • In televised post-budget speech, PM says three friendly countries helped Pakistan in times of economic difficulty
  • KSA has given Pakistan $3 billion in foreign currency support, $3 billion deferred oil payments facility

ISLAMABAD: Prime Minister Imran Khan on Tuesday hailed financial assistance that Pakistan has received from Saudi Arabia, United Arab Emirates (UAE) and China to prop up its stumbling economy and plug its depleted reserves.

In a speech televised late on Tuesday night following the presentation of the budget proposal for the fiscal year to June 2020, Khan said the three friendly countries had stood by Pakistan in times of economic difficulty.

Revenue Minister Hammad Azhar also underlined the importance of the financial aid received from Saudi Arabia, UAE and China while presenting the budget proposal in the National Assembly on Tuesday.

“We borrowed a total of $9.2 billion from China, Kingdom of Saudi Arabia, and the United Arab Emirates,” Azhar said.

Last year, Saudi Arabia gave Pakistan $3 billion in foreign currency support along with a $3 billion facility for deferred payments for oil imports. The prime minister’s adviser on finance, Abdul Hafeez Shaikh, confirmed last month that Saudi Arabia would activate the deferred oil payment facility from July 1, 2019 under which Islamabad will receive $3.2 billion per year for three years.  

Islamabad also received $3 billion in economic assistance from the UAE in December 2018 while all-weather friend China lent $2.2 billion in March this year. Beijing is also investing close to $60 billion in Pakistan under the China Pakistan Economic Corridor (CPEC) of infrastructure and energy projects.


Pakistan sends medicines, food items to Lebanon after deadly explosions

Updated 07 August 2020

Pakistan sends medicines, food items to Lebanon after deadly explosions

  • More than 150 people were killed and over 5,000 others were injured when a string of blasts rocked Beirut on August 4
  • FM Qureshi assured his Lebanese counterpart that the government and people of Pakistan stood in strong solidarity with the people of Lebanon

ISLAMABAD: Pakistan on Friday sent medicines and food items to Lebanon after a string of deadly explosions ripped through Beirut earlier this week, killing more than 150 people and injuring over 5,000 others.

Pakistan’s Ambassador to Lebanon Najeeb Durrani is handing over eight tons of relief items for the victims of Beirut explosions to senior Lebanese officials at the Rafic Hariri International Airport in Beirut on Aug. 7, 2020. (Photo courtesy Pakistan Embassy in Beirut)

According to an official statement released in Islamabad, the country’s foreign minister called his Lebanese counterpart and informed him about the relief assistance over the phone.
“Foreign Minister Shah Mahmood Qureshi, in a telephonic conversation, informed his Lebanese counterpart, Charbel Wehbe, that 8 tons of relief assistance consisting of medicines and food supplies sent by the Government of Pakistan as a token of solidarity would be delivered in Beirut today,” said the official statement.

Pakistan’s Ambassador to Lebanon Najeeb Durrani is handing over eight tons of relief items for the victims of Beirut explosions to senior Lebanese officials at the Rafic Hariri International Airport in Beirut on Aug. 7, 2020. (Photo courtesy Pakistan Embassy in Beirut)

It added that Qureshi also expressed deep sorrow and grief over the loss of precious lives, injuries to people, and extensive material damage caused by the explosions.
“The Foreign Minister underscored that, at this difficult time, Pakistan stood in strong support and solidarity with the brotherly Lebanese people,” the statement said.

Pakistan’s Ambassador to Lebanon Najeeb Durrani is handing over eight tons of relief items for the victims of Beirut explosions to senior Lebanese officials at the Rafic Hariri International Airport in Beirut on Aug. 7, 2020. (Photo courtesy Pakistan Embassy in Beirut)

Meanwhile, authorities in Lebanon received the relief package on Friday afternoon.
“The relief goods were handed over to Deputy Chief of Protocol Mr. Salem Al Achkar from the Ministry of Foreign Affairs and Emigrants and General Elias Abi Karam, Commander of Lebanon’s Air Force by Najeeb Durrani, Ambassador of Pakistan, today at 1530 at Rafic Hariri International Airport,” Pakistan’s embassy in Beirut confirmed in a statement.