Table of Contents
HOW PAK GOVERNMENT PILED ON LOANS
DEBT
- With the fresh borrowing, Pakistan has received a whopping $29.2 billion in foreign loans in the past two years, including $26.2 billion by the government of Prime Minister Imran Khan since August 2018.
- Out of the $29.2 billion, $19.2 billion was used to repay the maturing external debt and the remaining balance was added to the external public and publicly guaranteed debt.
DETAILS
- Pakistan’s army chief visited Saudi Arabia amid strain in ties between the two countries over Kashmir
- Saudi Arabia has forced Pakistan to pay back USD 1 billion and is demanding another USD 1 billion of the loan
COLD SHOULDER
- Saudi Arabia is in no hurry to mend ties with Imran Khan’s Pakistan as Army Chief General Qamar JavedBajwafailed to secure a meeting with Saudi Crown Prince Mohammed Bin Salman.
- Bajwaalong with Inter-Services Intelligence (ISI) chief had arrived in Saudi Arabia
SAUDI DID NOT ‘HONOUR’ BAJWA
- Addition to the snub, the Riyadh administration also cancelled to honour Pakistan Army Chief General Bajwa. Earlier, Saudi Arabia had announced that it would honour General Bajwa.
- The Pakistan Army Chief’s visit to Saudi Arabia comes after a sharp turn in ties between the countries after Pakistan Foreign Minister Shah Mehmood Qureshi had warned Saudi Arabia over latter’s refusal to act against India over Kashmir issue.
CONCLUSION
- Further divide in Pakistan Saudi Arabia relations
- At the same time relations between India and Saudi Arabia are improving a lot
SAUDI VISION 2030
- Under Vision-2030, Saudi Arabia has selected eight countries for entering into strategic partnerships. These are: India, China, the UK, the US, France, Germany, South Korea and Japan.
HOW INDIA GAINS TO BENEFIT
- As distance grows between Saudi Arabia and Pakistan, India can forge deeper ties with the
- Gulf country
- EarlierIndiahadtodelicatelymanagerelationsbetweengulfcountriesandIsraelbutnow geopolitical equations have altered drastically
HOW WOULD MEDIA IS INTERPRETING SAUDI PAKISTAN DIPLOMATIC FALLOUT
Latest Burning Issues | Free PDF
WhatsApp