Saudi Prince Mohammed bin Salman says, 'NO MORE EASY CASH FOR PAK' as its economy teeters on edge

Saudi Arabia Prince Mohammed bin Salman cuts off cash to Pakistan as economy teeters on edge. Years of financial mismanagement and political instability have pushed Pakistan's economy to the brink of collapse. The global energy crisis and devastating floods that submerged a third of the country in 2022 have compounded woes. Now, Saudi Arabia has reportedly decided not to provide any further bailouts or interest-free loans to Pakistan. As per reports, even the Pakistani military chief couldn't convince Saudi crown prince to release emergency funding for the country.

But did crisis-hit Pakistan fail to read the writing on the wall? In January, Saudi Arabia's Finance Minister said days of unconditional foreign aid are now over. Speaking at the world economic forum, the Saudi minister had underlined the kingdom is shifting away from giving direct grants and unconditional deposits. On Tuesday, Pakistan's foreign minister, Bilawal Bhutto Zardari, called his Saudi counterpart. Islamabad continues to stare down IMF negotiators withholding a crucial bailout

#pakistan #MohammedbinSalman #saudi #worldnews

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Saudi Arabia Prince Mohammed bin Salman cuts off cash to Pakistan as economy teeters on edge. Years of financial mismanagement and political instability have pushed Pakistan’s economy to the brink of collapse. The global energy crisis and devastating floods that submerged a third of the country in 2022 have compounded woes. Now, Saudi Arabia has reportedly decided not to provide any further bailouts or interest-free loans to Pakistan. As per reports, even the Pakistani military chief couldn’t convince Saudi crown prince to release emergency funding for the country.

But did crisis-hit Pakistan fail to read the writing on the wall? In January, Saudi Arabia’s Finance Minister said days of unconditional foreign aid are now over. Speaking at the world economic forum, the Saudi minister had underlined the kingdom is shifting away from giving direct grants and unconditional deposits. On Tuesday, Pakistan’s foreign minister, Bilawal Bhutto Zardari, called his Saudi counterpart. Islamabad continues to stare down IMF negotiators withholding a crucial bailout

#pakistan #MohammedbinSalman #saudi #worldnews

About Channel:

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.

Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps

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Saudi Prince Mohammed bin Salman says, 'NO MORE EASY CASH FOR PAK' as its economy teeters on edge

Saudi Prince Mohammed bin Salman says, &#039;NO MORE EASY CASH FOR PAK&#039; as its economy teeters on edge

Saudi Prince Mohammed bin Salman says, 'NO MORE EASY CASH FOR PAK' as its economy teeters on edge