Saudis Bailout Package Is Without Condition: FM Qureshi

Saudis Bailout Package Is Without Condition: FM Qureshi

Islamabad (November 07, 2018): Foreign Minister Shah Mehmood Qureshi on Wednesday stated that Saudis had awarded bailout package without any condition.

Addressing the upper house of the parliament today on motions moved by leader of Opposition Senator Raja Muhamad Zafar-ul-Haque, Foreign Minister Shah Mahmood Qureshi said Prime Minister Imran Khan’s visit to China remained very successful.

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He said the nation is united on CPEC and the government will complete all ongoing projects under this corridor. He said delegates from 130 countries attended the Shanghai Expo and the Prime Minister was one of the seven prominent world leaders who were invited for Keynote Address on this occasion.

He said Pakistan Pavilion was one of the eight pavilions which were visited by the world leaders.

He said fifteen agreements and MoUs have been signed between the two countries regarding Human development, Education, Health, Skill development, poverty alleviation, Agriculture and Industrial development.

Foreign Minister said Pakistan enjoys close brotherly relations with Saudi Arabia which will be further strengthened after the recent visits of Prime Minister Imran Khan to the Kingdom.He said Saudi Arabia agreed to place three billion dollars in State Bank of Pakistan to help it overcome its balance of payment crises.

The Minister said Prime Minister Imran Khan has offered to play a mediator role to resolve the Yemen conflict and his initiative has been welcomed by all the parties concerned.

Shah warned members of both treasury and opposition benches that tensions in Middle East could affect Islamabad.

“It is because of Pakistan’s decision to remain neutral that it got encouragement from both [Saudi Arabia and Iran]”, Shah was quoted as saying.

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