Saudi
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Pakistan eyes $20b in trade with Saudi Arabia | The Express Tribune
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ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in…
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Saudi Arabia’s oil giant Aramco to invest in Pakistani company
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A view of the Saudi Aramco oil facility. — AFP/File ISLAMABAD: In a major development, Saudi Arabia’s oil giant Aramco on Tuesday signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO), making its…
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Saudi Aramco to buy 40% stake in major Pakistani oil company | The Express Tribune
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KARACHI: Saudi Arabia’s Aramco Tuesday signed an agreement to acquire a 40% equity stake in a Pakistani gas and oil company, said a statement from the Saudi company. Aramco Executive Vice President of Products & Customers Yasser Mufti, Chief Executive…
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Saudi Arabia rolls over $3 billion deposit for another year
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— AFP/File In a major relief to the country’s economy, Saudi Arabia has rolled over $3 billion deposit with the State Bank of Pakistan (SBP) for another year. “The Saudi Fund for Development (SFD) on behalf of the Kingdom of…
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Saudi Arabia extends term of $3b deposit for another year | The Express Tribune
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Pakistan’s central bank on Wednesday reported that Saudi Arabia had extended the period of its deposits worth $3 billion for another year, a move that would help the country maintain its foreign exchange reserves and strengthen its domestic economy. “The…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and…
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Saudi firm acquires majority stake in Shell Pakistan | The Express Tribune
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ISLAMABAD: In a significant move, Royal Dutch oil company Shell has reached an agreement to sell its 77.42% majority stake in Shell Pakistan Limited (SPL) to Saudi firm Wafi Energy LLC. This decision comes as Shell reorganises its global business,…
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Shell to sell majority stake in Pakistan unit to Saudi oil firm
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A view of a closed petrol pump due to fake news of petrol price hike again in the country. — Online/File Shell Pakistan said its parent company’s unit, Shell Petroleum Company, has signed a deal to sell its 77.42% majority…
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In meeting with Dar, Saudi envoy shares desire to ‘further strengthen economic ties’
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Saudi Ambassador Nawaf Bin Said Al-Malki in the meeting with Finance Minister Ishaq Dar at the Finance Division on May 23, 2023. — Finance Division ISLAMABAD: Saudia Arabia’s Ambassador Nawaf Bin Said Al-Malki called on Finance Minister Ishaq Dar Tuesday…
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Saudi Arabia, OPEC+ producers announce surprise oil output cuts | The Express Tribune
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DUBAI: Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability. The group had been…
