Saudi Arabia will send a high-level delegation to the annual IMF and World Bank meetings in Washington. The gathering will take place from October 10 through October 16. The minister of finance has various bilateral meetings and joint sessions on important matters. At the annual International Monetary Fund (IMF), World Bank meeting, Saudi Arabia will … Read more
Due to external loan repayments, the State Bank of Pakistan’s (SBP) total foreign reserves fell by $366 million to $9.72 billion. The SBP reported that total liquid foreign reserves were $15,771.4 million as of May 27. The decline was caused by “external debt payments,” according to the central bank. The news comes as Pakistan has … Read more
RIYADH: Saudi Arabia is preparing 160 privatisation deals and intends to announce more of these operations next year, Arab News quoted Saudi Finance Minister Mohammed Al-Jadaan, as saying. Speaking at the Financial Stability Conference, Al-Jadaan said while the Al-Jadaan will not be fully privatiSed as a service provider, parts of it, such as radiology, could be. He … Read more
RIYADH: Saudi Finance Minister Mohammed Al-Jadaan revealed that there will be no reduction in value-added tax (VAT) in the near future, but it would be considered when public finances improve in several years, Arab News reported. The goal of the VAT is to deal with the shock of the Corona pandemic, he said. There will be no … Read more
Saudi Finance Minister Muhammad al-Jadaan said that 42 countries have asked the G20 to take steps to freeze debt service payments. [embedpost id=”50366″ slug=”pakistan-will-continue-to-fight-for-justice-for-kashmiris”] The G20 will consider extending the debt freeze initiative beyond 2020, Saudi Finance Minister The IMF has approved 77 requests for USD 80 billion in aid, Group of Twenty. Coronavirus epidemic has … Read more
