Pakistan’s closest allies America and Saudi Arabia, will no longer provide unconditional aid
The US State Department says Pakistan wants to see the economy stabilize, while Saudi Finance Minister Mohammad Al-Jadaan said Saudi Arabia is changing the way it provides aid to its allies.
America has said that we are aware of Pakistan’s economic problems, but we want to see Pakistan economically stable, on the other hand, Saudi Finance Minister has said that Saudi Arabia is considering new ways to help Pakistan.
Speaking to the media on Wednesday, State Department spokesman Ned Price said the US is well aware of the economic difficulties facing Pakistan, and Pakistan is working with the IMF and other international financial institutions. Therefore, we want to see Pakistan in an economically stable state.
Ned Price said that Pakistan is our old partner, so we will help it as much as possible. Negotiations between the US Department of Treasury and the Pakistani government are ongoing, but there are technical issues in the negotiations regarding the economy, which are being tried to be resolved.
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It should be noted that the conversation of the spokesperson of the US State Department has come at a time when the World Bank has postponed the aid of 1 billion 10 million dollars to Pakistan until the budget of the next financial year.
Second, Saudi Finance Minister Muhammad Al-Jadaan has said in his statement that now we will provide assistance to Pakistan in a more unique way, in this regard, Saudi Arabia is discussing with the World Bank and other lending institutions.
It should be noted that the statement of the Saudi Finance Minister has come after Saudi Arabia extended the $3 billion deposit facility in Pakistan in the month of December last year.
Speaking at the World Economic Forum, Mohammad Al-Jadaan indicated that Saudi Arabia is changing the way it provides aid to its allies, which will be different from unconditional direct grants and deposits.
Muhammad al-Jadaan said, “Earlier we used to do direct aid or loan deposits, but now we have decided to change this method, for this we are working together with multilateral institutions to be able to say that We really want reforms from our allies’.
