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Imran introduced as confident, fearless leader in Muslim world: Fawad

ISLAMABAD: Federal Minister for Information and Broadcasting Chaudhry Fawad on Wednesday said Prime Minister Imran Khan has been introduced as confident, fearless and man of principles in the Muslim world.

In a Twitter statement upon return from Saudi Arabia, he said: “We have just returned to Islamabad from Saudi Arabia. While Prime Minister Imran Khan is an unparalleled leader of Pakistan, he has been introduced as man of principles, fearless and confident leader in the Muslim world.”

The minister said happenings in the days to come will lend credence to this statement of his.

The prime minister along with his delegation has returned to Islamabad after conclusion of their two-day visit to the kingdom.

Saudi Arabia on Tuesday agreed to provide Pakistan $3billion for a period of one year as balance of payment support.

According to a statement issued by the Foreign Office, a Memorandum of Understanding was signed between Finance Minister Asad Umar and the Saudi Finance Minister Muhammad Abdullah Al-Jadaan, stating Saudi Arabia will place a deposit of$3billion for a period of one year as balance of payment support.

It was also agreed that a one year deferred payment facility for import of oil, up to $3billion, will be provided by Saudi Arabia. This arrangement will be in place for three years, which will be reviewed thereafter.

Saudi Arabia also confirmed that it is interested in investing in a petroleum refinery in Pakistan. The  MoU in this regard will be signed after obtaining cabinet approval.

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