Saudi Arabia
Saudi Arabia Rolls Over Its $3 Billion Deposit for Pakistan
Saudi Arabia has rolled over its US$3 billion deposit for Pakistan for another year after the Saudi Development Fund approved an extension, providing the government with critical external financing support. The rollover ensures that the funds currently held by the State Bank of Pakistan remain available to reinforce the country’s foreign exchange reserves during a […]
Saudi Arabia’s App-Based Taxi Sector Sees Huge Earnings, Drives SAR 1.1 Billion Revenue for Local Drivers
App-Based Taxi Industry Generates SAR 1.1 Billion for Saudi Drivers in Early 2024 During the first nine months of 2024, Saudi Arabia’s digital ride-hailing market flourished, generating an impressive SAR 1.1 billion in earnings for Saudi drivers. According to the Transport General Authority (TGA), this increase comes as demand for app-based transportation continues to grow […]
Pakistan and Saudi Arabia Aim for Closer Economic Ties
Pakistan and the Kingdom of Saudi Arabia are set to strengthen their economic and trade ties, paving the way for increased business integration between the two nations. This agreement, reached during a meeting between Saudi Ambassador Nawaf bin Saeed Al-Malkii and Pakistan’s Caretaker Minister for Interior and Commerce Dr. Gohar Ejaz, promises exciting opportunities for […]