Saudi Arabia to invest $1 billion in Pakistan, following UAE and Qatar

Pakistan is seeking help from the Gulf amid its foreign currency reserves crisis.
Saudi Arabia's army soldiers march during the Pakistan Day parade in Islamabad on March 23, 2022.
Saudi Arabia's army soldiers march during the Pakistan Day parade in Islamabad on March 23, 2022. - GHULAM RASOOL/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Saudi Arabia has announced plans for a major investment in Pakistan.

Saudi King Salman bin Abdul-Aziz Al Saud issued a directive today to invest $1 billion in the Pakistani economy. The move followed a phone call between the Saudi and Pakistani foreign ministers, the official Saudi Press Agency reported. 

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