{"id":86188,"date":"2022-05-26T14:08:14","date_gmt":"2022-05-26T09:08:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=86188"},"modified":"2022-05-26T14:08:19","modified_gmt":"2022-05-26T09:08:19","slug":"ksa-usd-3-bn-deposit","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ksa-usd-3-bn-deposit.html","title":{"rendered":"KSA to extend USD 3 bn deposit to improve fiscal stability in Pakistan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24. The funds were deposited in Pakistan\u2019s current account last year to stabilise forex reserves. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ksa-mineral-refinery-reko-diq-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">Saudi Arabia to set up mineral refinery for Reko Diq project in Gwadar<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The news was reportedly communicated by Saudi Finance Minister Mohammed al-Jadaan. He stated that the<a href=\"https:\/\/www.zameen.com\/news\/pakistan-receives-second-tranche-from-saudi-arabia.html\" target=\"_blank\" rel=\"noreferrer noopener\"> fund <\/a>facility extension will be completed soon. He also stated that Pakistan&#8217;s fiscal stability is critical because the country is an essential ally. The announcement comes amid the country&#8217;s expanding current account deficit (CAD) and a greater balance of payment concerns. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-saudi-firm-ruda-industrial-zone.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab allows Saudi firm to invest in RUDA Industrial Zone<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, the nation has put import limitations on luxury consumer goods in order to halt the runaway CAD and cut import expenses. It is worth noting that the government and the International Monetary Fund (IMF) are now holding a staff-level meeting to restart the IMF&#8217;s USD 6 billion fund project. The first round of the talks has concluded in Doha.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24. The funds were deposited in Pakistan\u2019s current account last year to stabilise forex reserves. Read: Saudi Arabia to set up mineral refinery for Reko Diq project in Gwadar The news was reportedly communicated by Saudi Finance Minister Mohammed al-Jadaan. He stated that the fund facility extension will be completed soon. He also stated that Pakistan&#8217;s fiscal stability is critical because the country is an essential ally. The announcement comes amid the country&#8217;s expanding current account deficit (CAD) and a greater balance of payment concerns. Read: Punjab allows Saudi firm to invest in RUDA Industrial Zone Currently, the nation has put import limitations on luxury consumer goods in order to halt the runaway CAD and cut import expenses. It is worth noting that the government and the International Monetary Fund (IMF) are now holding a staff-level meeting to restart the IMF&#8217;s USD 6 billion fund project. The first round of the talks has concluded in Doha.<\/p>\n","protected":false},"author":75,"featured_media":64649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[52446,106],"persona":[],"class_list":["post-86188","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","category-notices-announcements","tag-ksa-to-extend-usd-3-bn-deposit-to-improve-fiscal-stability-in-pakistan","tag-saudi-arabia","cat-15016-id","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KSA to extend USD 3 bn deposit to improve fiscal stability - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ksa-usd-3-bn-deposit.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA to extend USD 3 bn deposit to improve fiscal stability - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ksa-usd-3-bn-deposit.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-26T09:08:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-26T09:08:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/KSA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"KSA to extend USD 3 bn deposit to improve fiscal stability - Zameen News","description":"Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/ksa-usd-3-bn-deposit.html","og_locale":"en_US","og_type":"article","og_title":"KSA to extend USD 3 bn deposit to improve fiscal stability - Zameen News","og_description":"Islamabad: The Kingdom of Saudi Arabia (KSA) is working to extend the withdrawal date of the USD 3 billion fund facility, news sources reported on May 24.","og_url":"https:\/\/www.zameen.com\/news\/ksa-usd-3-bn-deposit.html","og_site_name":"Pakistan Real Estate News &amp; 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