RIYADH: Prime Minister Shehbaz Sharif departed here for the homeland after attending the Special Meeting of the World Economic Forum held on April 28-29.
Senior Saudi government officials, Saudi Ambassador in Islamabad and Pakistan Ambassador in the Kingdom, and other diplomatic personnel saw off the prime minister at the Royal Airport of Riyadh.
Besides addressing the Forum, the prime minister held multiple sideline meetings with Saudi Crown Prince and Prime Minister Mohammed bin Salman, Emir of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Malaysian counterpart Anwar Ibrahim and different Saudi ministers.
The prime minister’s visit to the Kingdom has great significance for boosting economic ties between the two countries.
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Earlier, Prime Minister Shehbaz Sharif expressing satisfaction over the disbursement of $1.1 bln final tranche by the International Monetary Fund (IMF) expressing the hope that the funds would help bring economic stability to the country.
On Monday, the IMF Executive Board completed the second review under the Stand-By Arrangement (SBA) for Pakistan, allowing for an immediate disbursement of around $1.1 billion, bringing total disbursements under the arrangement to around $3 billion.
The IMF and Pakistan had reached the Staff Level Agreement on the second and final review on March 20, 2024 for the remaining $1.1.
