Saudi Arabia, UAE retain $2b financial support
Sun Online Desk
6th February, 2021 08:52:28
ISLAMABAD: Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations.
Saudi Arabia has retained the remaining $1 billion cash deposit, a senior government functionary having direct knowledge of the the development has confirmed to The Express Tribune on condition of anonymity.
The Ministry of Finance did not officially comment on the development, saying it was a “bilateral confidential matter”.
This appeared to be a major development after the kingdom had already withdrawn $2 billion out of $3 billion loans that the oil-rich Gulf nation had extended in late 2018 to help Islamabad avoid default on international debt repayments.
雪隧內狂飆！ 「4分鐘開4罰單」恐挨罰2萬4│TVBS新聞網
tvbs.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvbs.com.tw Daily Mail and Mail on Sunday newspapers.
天空霧濛濛！西半部空品21測站亮紅燈 環保署：10號才會好轉 - 生活
ltn.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ltn.com.tw Daily Mail and Mail on Sunday newspapers.
U.S. businesses call for better supply chains with Taiwan
02/05/2021 04:50 PM
Minister of Economic Affairs Wang Mei-hua. CNA photo Feb. 5, 2021
Taipei, Feb. 5 (CNA) U.S. business representatives on Friday called for a more institutionalized partnership with Taiwan during discussions on enhancing supply chain cooperation and development goals in the semiconductor industry, according to Minister of Economic Affairs Wang Mei-hua (王美花).
Industry leaders in the U.S. suggested that Washington should consider re-entry to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as help countries like Taiwan and South Korea to be included, Wang said.
In addition, a free trade agreement between Taiwan and the U.S. would improve bilateral cooperation, Wang said after a meeting attended by more than 100 government officials and company representatives from Taiwan and the U.S.