Imran relies on Saudi loans to shore up the Pakistani economy.
Pakistani Prime Minister Imran Khan Arrives in Saudi Arabia to Attend an Investment Conference
Khan told an interviewer before leaving that he was worried about Khashoggi's death but could not skip the conference because we were desperate for possible Saudi Arabia Credit seeks to shore up Pakistan's economy
Prime Minister Imran Khan arrives in Saudi Arabia. The Prime Minister will be accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Information Minister Fawad Chaudhry and Advisor to Investment Minister Abdul Razak Dawood. @ImranKhanPTI pic.twitter.com/9WNhvGZ76M
̵1; Office of the Prime Minister, Pakistan (@PakPMO) October 22, 2018
It is Kans second visit to Saudi Arabia in something about But he has not been able to get significant financial support to fight off a looming balance of payments crisis.
Khan told the Middle East in an interview published Monday that he could not miss the invitation to meet with the Saudi leaders
"The reason I need to seize this opportunity is that we are in a country with 210 million people has the worst debt crisis in our history, "he said.
"Unless we get loans from friendly countries or the IMF (International Monetary Fund), we will not actually have enough foreign currency to service our debts or pay for our imports in two or three months, so we're right now desperate. "
Islamabad has already called on the IMF to open negotiations for its second bailout in five years.
Khan, who took office in July, was still searching for alternatives to the difficult conditions that the IMF would impose on loans, which limited his vision of an Islamic welfare state. 19659003] The central bank's reserve assets fell to $ 8.1 billion this month, a four-year low and barely enough to cover the sovereign debt maturing by the end of the year. The current account deficit has grown to about $ 18 billion.
Khan blamed the previous government's policy on the bloated current account deficit.
He told the Middle East eye he was worried about the "shocking" death of Khashoggi, a US resident and Washington Post columnist, after he stepped in. The Saudi Consulate in Istanbul
"The Saudi government is becoming one We have to wait for whatever the Saudi statement is, "he was quoted as saying. "We hope there is an explanation that will satisfy people and punish those responsible."
"The last thing the Muslim world needs is another conflict, with the Trump administration approaching one," he told the newspaper.
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