According to Geo News, the announcement was made by the Saudi Fund for Development, which said that not only was it depositing $3 billion in the State Bank of Pakistan (SBP) but also had issued an official directive to supply $1.2 billion to finance Pakistan's oil products trade during the year. Later on Tuesday, the Saudi prince announced that it was depositing $3 billion in Pakistan's central bank to help the cash-strapped country with the foreign reserves. Imran Khan had on Monday met Saudi Arabia's Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud on the sidelines of the Middle East Green Initiative (MGI) summit in Riyadh, which he was invited to attend at the royalty's invitation. KSA has always been there for Pak in our difficult times incl now when world confronts rising commodity prices.- Imran Khan October 27, 2021 I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & financing refined petroleum product with $1.2 bn. KSA has always been there for Pak in our difficult times incl now when the world confronts rising commodity prices.” Taking to his official handle on Twitter, Pakistan's prime minister Imran Khan wrote, “I want to thank HRH Prince Mohammad bin Salman for supporting Pak with $3 bn as deposit in Pak's central bank & financing refined petroleum product with $1.2 bn. Noting that Saudi Arabia “has always been there” for Pakistan during its difficult phase, Khan expressed his gratitude and noted that at a time when the world confronts rising commodity prices, Saudi generosity did not fail its fellow Muslim ally as the country deposited $3 billion in Pakistan's central bank and financed refined petroleum products with $1.2 billion. Rehman stressed criticising the Imran Khan government.After Saudi Arabia sent $3 billion in financial aid to cash-strapped Pakistan for tiding over the ongoing economic crisis, Pakistani prime minister Imran Khan on Wednesday thanked Saudi Prince Mohammad bin Salman for extending the helpful gesture in these “difficult times”. Else, he added, the demonstrations will continue. Speaking with the local Pakistani outlets, the Head of the ‘Give rights to Gwadar’ rally Maulana Hidayat ur Rehman said that the Pakistan’s government has not been concerned about the demand of the citizens and must focus on meeting demands of the protesters. Sarita Sharma NovemPakistan’s government 'not concerned,' allege protesters, Pak PM says 'will continue to support Chinese businesses'Īsserting their demands to the Imran Khan led government, the protesters stated that the Islamabad government must scrap unnecessary security check posts, ensure the availability of drinking water and electricity, and prevent the eviction of big fishing trawlers from Makran coast and opening of the border with Iran from Panjgur to Gwadar, a report carried by Jang newspaper revealed. #Unrest_InPakistan #PakProtestAgainstCPEC #Lorraine /Y4aJ4qa4rH The value of CPEC, which was originally valued at $47 billion, is worth $62 billion as of now.ĭespite such a large number of protests, Pakistan is not shutting down CPEC project because it was sold to China by the government. It is to mention that CPEC is a collection of infrastructure projects that are under construction through out Pakistan staring in 2013. Protests, organised by the political parties, civil rights activists, fishermen, have been ongoing for weeks at the Y Chowk on Port Road in Gwadar, a coastal town in the restive Southwest Balochistan province of Pakistan. Local fishermen also protested against belligerent acts of Chinese trawlers that devoid them of fishing. Pakistanis shouted the anti-China and anti-Imran Khan slogans as they condemned the Pakistani Prime Minister-led government for allowing $60 billion worth of China's ambitious Belt and Road Initiative (BRI) as they argued that the initiative will strip them off their livelihood and create the acute shortage of electricity and water within the region.
Pakistan on Tuesday witnessed massive protests in its port city of Gwada on the southwestern coast of Balochistan against the ongoing Chinese investments on the China-Pakistan Economic Corridor (CPEC) project, ANI reported.
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