Saudi Arabia's King Salman remotely addresses the 76th session of the UN General Assembly. AP
Saudi Arabia's King Salman remotely addresses the 76th session of the UN General Assembly. AP
Saudi Arabia's King Salman remotely addresses the 76th session of the UN General Assembly. AP
Saudi Arabia's King Salman remotely addresses the 76th session of the UN General Assembly. AP

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Saudi Arabia

Saudi Arabia’s King Salman orders $1bn investment in Pakistan

Pakistani economy facing added difficulties from heavy rains and flooding in recent months

Ismaeel Naar
Ismaeel Naar

August 25, 2022

  • English
  • Arabic

Saudi Arabia’s King Salman has directed the kingdom to invest $1 billion in Pakistan to support its economy and people, the royal court has said.

The order was discussed during a telephone call on Thursday between Saudi Foreign Minister Prince Faisal bin Farhan and his Pakistani counterpart Bilawal Bhutto Zardari.

Pakistan has been suffering from unprecedented heavy rainfall in recent months. At least 913 people have been killed due to the rains since June.

The Pakistani government has appealed to international donors for humanitarian assistance due to the flash flooding, which Climate Change Minister Sherry Rehman has called “Monster Monsoon”.

“This is a climate-induced humanitarian disaster of very epic proportion,” Ms Rehman told reporters at a press briefing in Islamabad.

A commuter makes his way through a flooded street after heavy rain in Karachi, Pakistan, where the death toll from rain-related incidents has risen to at least 150 over the past month. AFP
A commuter makes his way through a flooded street after heavy rain in Karachi, Pakistan, where the death toll from rain-related incidents has risen to at least 150 over the past month. AFP
Motorists make their way through a flooded street after heavy rain. AFP
Motorists make their way through a flooded street after heavy rain. AFP
Children play in a waterlogged street. AFP
Children play in a waterlogged street. AFP
People make their way through a flooded street in Karachi. AFP
People make their way through a flooded street in Karachi. AFP
Commuters wade through a flooded street after heavy rain. The monsoon rains continue to lash Pakistan, triggering flash floods in some parts of the country. AFP
Commuters wade through a flooded street after heavy rain. The monsoon rains continue to lash Pakistan, triggering flash floods in some parts of the country. AFP
Commuters wade through a flooded street. AFP
Commuters wade through a flooded street. AFP
People carry their belongings through a flooded street. AFP
People carry their belongings through a flooded street. AFP
People wade through a flooded street after a rainstorm. AFP
People wade through a flooded street after a rainstorm. AFP
Residents make their way through a flooded street in Karachi. Reuters
Residents make their way through a flooded street in Karachi. Reuters
A fruit seller navigates a flooded road after heavy rainfall in Karachi. AP
A fruit seller navigates a flooded road after heavy rainfall in Karachi. AP

The International Monetary Fund said it will meet on Monday and it is expected to resume a $6bn loan programme for Pakistan.

Pakistani Prime Minister Shehbaz Sharif returned on Thursday from Qatar, which said it will also invest $3bn in Pakistan’s fragile economy.

The country's disaster agency said on Wednesday that heavy rains have triggered a series of flash floods that have wreaked havoc across much of the nation, leaving about 50,000 people homeless.

Thousands of people whose homes were swept away now live in tents far from their inundated villages and towns, after being rescued by soldiers, local disaster workers and volunteers.

The flash floods have damaged as many as 129 bridges across Pakistan, disrupting the supply of fruit and vegetables to markets and causing a rise in prices.

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