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Tag: Saudi Arabia

Posted on October 27, 2021

Pepsico, KPMG Among 40 Firms to Open Regional HQ in Saudi Arabia

More than 40 global companies including Baker Hughes Co., KPMG and Schlumberger received licenses Wednesday to open their regional headquarters in Saudi Arabia, as the oil-exporting kingdom steps up …

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Posted on October 27, 2021

Pakistan’s rupee rebounds on $4.2 billion Saudi support package

Pakistan’s currency market bounced back on Wednesday to gain 1 rupee against the U.S. dollar in intra-day trading after long-time ally Saudi Arabia announced a support package of $4.2 billion, traders …

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Posted on October 27, 2021

Pakistan’s rupee rebounds on $4.2 billion Saudi support package

Pakistan’s currency market bounced back on Wednesday to gain 1 rupee against the U.S. dollar in intra-day trading after long-time ally Saudi Arabia announced a support package of $4.2 billion, traders …

( read original story …)



Posted on October 27, 2021

Saudi Arabia offers Pakistan $4.2bn loan package at 3.2% interest rate: Shaukat Tarin

Adviser to the Prime Minister on Finance Shaukat Tarin Wednesday said that Saudi Arabia offered Pakistan a whopping $4.2bn loan package at a 3.2% interest rate.

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Posted on October 27, 2021

Saudi Arabia Lures Major Firms in Challenge to Dubai: FII Update

More than 40 companies including Baker Hughes, KPMG and Schlumberger have been issued licenses to open regional headquarters in Saudi Arabia’s capital as part of the kingdom’s plans to turn Riyadh …

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Posted on October 27, 2021

Saudi Arabia pledges $4.2 billion to support Pakistan’s economy

Islamabad: Saudi Arabia pledged to provide $4.2 billion in assistance to Pakistan, providing relief to the South Asian nation at a time when its foreign-exchange reserves are dwindling fast. The Saudi …

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Posted on October 27, 2021

Pakistan: Saudi Arabia to deposit $3 billion with state bank

Pakistan said Wednesday that Saudi Arabia will deposit $3 billion into its central bank to help bolster the cash-strapped fellow Islamic nation’s shrinking foreign reserves. Shaukat Tarin, Pakistan’s …

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Posted on October 27, 2021

PM thanks Saudi crown prince for $3 bln deposit with Pakistan bank, $1.2 bln petroleum finance

Prime Minister Imran Khan on Tuesday expressed gratitude to Saudi Arabia’s Crown Prince Mohammad bin Salman bin Abdulaziz for extending financial support to Pakistan. The prime minister in particular …

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Posted on October 27, 2021

PM thanks Saudi crown prince for $3 bln deposit with Pakistan bank, $1.2 bln petroleum finance

Prime Minister Imran Khan on Tuesday expressed gratitude to Saudi Arabia’s Crown Prince Mohammad bin Salman bin Abdulaziz for extending financial support to Pakistan. The prime minister in particular …

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Posted on October 27, 2021

KSA placing $3bn with SBP, proving $1.2bn oil finance to help Pakistan in balance of payment

Advisor to Finance Minister on Finance and Revenue, Shaukat Tarin said Wednesday that Saudi Arabia has indicated to place US$3 billion with State Bank of Pakistan and offer a $1.2 billion deferred oil …

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