Shahbaz Sharif on the path of Imran Khan, brought a loan of more than Rs 14 trillion from Saudi Arabia

The government may have changed in Pakistan but its situation is not taking the name of improvement. Saudi Arabia has once again extended its hand to help Pakistan, which is struggling with money. It is reported that Saudi Arabia will give a loan of several trillion rupees to Pakistan.

Saudi Arabia has agreed to give a big package of about eight billion dollars (1490349600000 Pakistani Rupees) to Pakistan, which is facing cash crunch. This will help in recovering Pakistan’s depleting foreign exchange reserves and troubled economy. This was said in a media report on Sunday.

Pakistan is engulfed in economic challenges due to high inflation rate, dwindling foreign exchange reserves, deepening current account deficit and weakening currency. The news of ‘The News’ said that Pakistan’s Prime Minister Shahbaz Sharif had gone on a visit to Saudi Arabia, during which this agreement was reached.

This includes funding for oil, additional funding through deposits or succulents, and the expansion of existing facilities worth $4.2 billion. An official said that Pakistan had proposed to increase funding for oil from 1.2 billion to 2.4 billion, which Saudi Arabia accepted.