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A challenging week for Sri Lanka

A challenging week for Sri Lanka
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

After last year s crisis, Pakistan and Saudi Arabia pursue a reset

After last year’s crisis, Pakistan and Saudi Arabia pursue a reset March 11, 2021 Share After last year’s much-publicized spat between Pakistan and Saudi Arabia culminating with Riyadh’s demand for early repayment of $3 billion in loans meant to shore up Islamabad’s foreign exchange reserves  tensions between the two countries have since cooled. Pakistan and Saudi Arabia appear to be in the midst of a reset of relations. Riyadh has reportedly opted not to withdraw the final tranche of its $3 billion loan. Islamabad has repaid $2 billion so far. There’s also renewed talk of an Aramco oil refinery and petrochemicals complex in the Pakistani port city of Gwadar. And last month, Pakistan’s Foreign Office issued what was effectively a statement of support for the Saudi leadership after the release of the declassified U.S. intelligence report on the assassination of Saudi journalist Jamal Khashoggi.

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