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Saudi Arabia rolls over $5b debt

[ RESERVES GROWING: Responding to a question, the governor said the central bank bought around $9 billion from the open market to cushion forex reserves. Total purchases during the past three years have reached $28 billion. PHOTO:FILE ISLAMABAD: Pakistan’s external sector pressure has subsided after Saudi Arabia rolled over a $5 billion debt for three … Read more

Pakistan working to bring US-Iran back to Islamabad MoU: FO

Negotiations between the parties are continuing to normalise the situation, FO says Foreign Office spokesperson Tahir Hussain Andrabi speaking at the FO weekly press briefing. SCREENGRAB Pakistan was making efforts to bring the concerned parties back to the Islamabad Memorandum of Understanding (MoU) as part of ongoing efforts to reduce regional tensions, the Foreign Office … Read more