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Saudi oil credit facility to resume in July 2021

In a bid to reportedly counter the Iranian influence in the region, Saudi Arabia has agreed to restart oil aid to Pakistan worth at least $1.5bn annually from next month, reported Financial Times quoting officials in Islamabad.

Last year, Saudis demanded that Pakistan repay a $3bn loan after Islamabad pressured Saudi Arabia to criticise India's nullification of Kashmir's special status. However, the rift was bridged in May after PM Imran Khan met Saudi Crown Prince Mohammed bin Salman in Riyadh.

According to the FT: "News of the oil deal with Pakistan comes as Saudi Arabia embarks on a diplomatic push with the US and Qatar to build a front against Iran, said analysts. Riyadh lifted a three-year blockade of Qatar in January in what experts said was an attempt to curry favour with the newly elected Joe Biden."



'Sapere aude'
by Oui (Oui) on Sun Oct 31st, 2021 at 01:28:51 PM EST
PM Imran, Saudi crown prince vow to boost 'fraternal ties' | Tribune Pakistan |

A statement issued by the PM Office said the prime minister paid tribute to the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz in the progress and development of the kingdom.

He also lauded the crown prince for the `Saudi Vision 2030', aimed at transforming the socio-economic development of the kingdom in the 21st century.

Risk of nuclear proliferation as Pakistan possesses the Islamic atom bomb thanks to AQ Khan and shut-eye by the CIA and US administrations. Same with the French building Dimona and the nuclear bomb for Israel. In the 60s both Kennedy .and Johnson became aware of the Dimona nuclear plant. World power politics became a priority and all for the sake of America's National Security.

'Sapere aude'

by Oui (Oui) on Sun Oct 31st, 2021 at 01:30:28 PM EST
[ Parent ]
The Pakistan-Saudi Arabia relationship hits a bump in the road | Brookings - Aug. 24, 2020 |

Pakistan's foreign minister, Shah Mehmood Qureshi, pointedly demanded that Saudi Arabia "show leadership" on the Kashmir issue. He asked Riyadh to call a special meeting of the Organization of Islamic Cooperation (OIC, which Saudi Arabia leads) to discuss it. This apparently capped months of "frustration", according to media reports, in Islamabad at Saudi inaction on Kashmir. Qureshi also said that if Saudi Arabia did not call a meeting of OIC foreign ministers, Pakistan would be compelled to go to Muslim countries -- Malaysia, Turkey, and Iran -- that had voiced concern over Kashmir and stood by Pakistan's side.



'Sapere aude'
by Oui (Oui) on Sun Oct 31st, 2021 at 01:31:20 PM EST
[ Parent ]

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