Tag: thepakistantimes.newsk

ISLAMABAD, 28 August, 2026 (Kamran Raja): Prime Minister Shehbaz Sharif has said that the recently signed Makkah Joint Defence Agreement between Pakistan, Saudi Arabia and Türkiye has brought the three countries closer and conveyed a strong message of unity and peace across the region. The Prime Minister expressed these views during a meeting with Saudi Arabia’s Minister of Environment, Water and Agriculture, Engineer Abdulrahman bin Abdulmohsen Al-Fadley, who called on him in Islamabad on Friday. Welcoming the Saudi minister and his delegation, PM Shehbaz reaffirmed the deep-rooted and fraternal relations between Pakistan and Saudi Arabia and conveyed his warm regards to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman bin Abdulaziz ...

 ISLAMABAD, 27 August, 2026 (Nosheen): Pakistan expects to receive a response from Washington within the next couple of months on its request for a $10 billion bilateral stabilisation facility, as Islamabad seeks to capitalise on improving relations with the Trump administration. Adviser to the Finance Minister Khurram Schehzad told Bloomberg that engagement with the United States on the proposed facility remained constructive. He said the facility could serve as a potential financial backstop and confidence signal, helping Pakistan maintain access to international markets and attract private capital. Pakistan had requested the US Treasury Secretary Scott Bessent last month to consider a Bilateral Exchange Stabilisation Support Facility with a maturity of up to five years, accordi...