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Pakistan receive $1B as investment from Saudi Arabia

30Aug

By Muhammad Dastageer Shams3 Comments

Business, Latest

Pakistan receive $1B as investment from Saudi Arabia

Earlier this week, Saudi state TV reported that Saudi Arabia will invest $1 billion in Pakistan. The country's economy will be supported by the Saudi government, according to state TV. During a phone call with Pakistani counterpart Bilawal Bhutto-Zardari, Saudi Arabia's Foreign Minister Prince Faisal bin Farhan informed him of the decision. May God protect King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques. The brotherly Republic of Pakistan will receive an investment of one billion dollars from him. It confirms the Kingdom's support for the economy of the Republic of Pakistan and its brotherly people. Pakistan is facing an economic crisis and a balance of payments crisis due to a decline in foreign reserves of $7.8 billion. It barely covers a month's worth of i...

120-km long ‘sideways’ to be built in KSA

A 120-km long mirrored tower will built in Saudi Arabia's Neom desert for $1 trillion. It is stated the sideways building will house 50 lac people. Kingdom of Saudi Arabia (KSA) plans to create a 'Sideways Skyscraper' for 800 billion pounds. This sideways structure will be around 120 kilometers long. It will have a capacity of 50 lakh people. The name of the project is 'Mirror Line'. It will built with mirrors. The skyscrapers are expected to be higher than the Empire State Building. The project will include the construction of two 1,600-foot-tall towers. They will run parallel to each other in the desert for over 50 years. Engineers would require support to account for the rotation of the Earth, and it would have its high-speed bus route. Saudi Crown Prince M...

Korean YouTuber Daud Kim arrives in Pakistan from Jeddah

Korean YouTuber Daud Kim posted in his story that he has arrived in Lahore, Pakistan. He performed Umrah and now everyone is waiting for what he is up to now. He shocked everyone when accepted Islam as his religion a few years ago. Korean Youtuber Daud Kim converted to Islam 3 years ago. His fan following around the world got shocked when came to know about this. He arrived in Lahore, Pakistan after his visit to Saudia for Umrah. He took his Instagram story to announce this. It seems that he is having a pretty good time in Lahore because the Instagram stories he is putting are showing people in Lahore are quite kind to him. He wrote in his story that it took 2 hours to get the ticket but Alhamdulillah (thankful to Allah Almighty) that he is going to Lahore. He expresses his gratitu...