Published by
Al-Araby
Al-Araby
Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to help Islamabad’s faltering economy. The Gulf nation has long been an intelligence partner of Pakistan as well as a regular source of financial relief for successive governments. The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shehbaz Sharif, who has inherited a crippling national debt, galloping inflation and a feeble rupee. A joint statement said the kingdom would continue to support the Pakistani economy and had discussed “augmenting the $3 billion deposit …