Hard Number: Saudi Arabia picks up Pakistan’s tab again

The extra cash comes just before Islamabad sends a $3.5 billion debt repayment to Saudi Arabia’s friend-turned-rival, the UAE. This isn’t the first time that Saudi Arabia has provided Pakistan, a relatively poor country with a mighty military, with funding. In 2018, Riyadh gave Pakistan a rescue package worth $6 billion as it faced an economic crisis. What’s the benefit to the Saudis?…

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‘No impact’ of Middle East conflict on remittances from Gulf countries so far: finance minister

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said the ongoing conflict sparked by the US-Israeli war on Iran has not adversely impacted Pakistan’s remittances from the Middle East.

“Some members spoke of remittances, which is true. [However,] thankfully, there has been no impact on remittances as of yet,” Aurangzeb said while speaking on the National Assembly floor.

“However, the…

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Achakzai suggests formation of ‘national government’ to build political consensus

ISLAMABAD: National Assembly Opposition Leader Mahmood Khan Achakzai on Tuesday suggested the formation of a “national government” to build consensus among the country’s political parties.

Speaking in the NA during a debate on the Iran situation, Achakzai said, “We should agree on some democratic points at least — Parliament will be the source of power, supremacy of the Constitution, policies…

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