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Saudi Arabia Approves Rs. 37.4 Billion Loan for Construction of Mohmand Hydropower Dam Saudi Arabia has approved a funding of 901 million Saudi Riyal (Rs. 37.4 billion) for the construction of Mohmand Hydropower Dam, says the Economic Affairs Ministry. According to an official statement issued by the Ministry, Saudi Arabia Ambassador to Pakistan Nawaf Bin Said Al-Maliki met the federal minister for Economic Affairs Omar Ayub Khan here on Wednesday. The Saudi Ambassador briefed the Minister of Economic Affairs on the recent successful visit of the Prime Minister of Pakistan Imran Khan to Saudi Arabia. According to the Ministry, the Saudi envoy shared that funding of 901 million Saudi Riyal was approved for the construction of Mohmand Dam from the Saudi Development Fund. The funding is for 25 years and an interest rate of two percent will be charged on it, said the envoy of Saudi Arabia. ....
Jun 9, 2021 ISLAMABAD: Saudi Arabia has approved a funding of 901 million Saudi Riyal for the construction of Mohmand Hydropower Dam, ARY NEWS reported quoting Kingdom’s Ambassador to Pakistan Nawaf Bin Said Al-Maliki on Wednesday. The Saudi envoy shared this while meeting with the Federal Minister for Economic Affairs Omar Ayub besides also discussing the success of Prime Minister Imran Khan. He said that funding of 901 million Saudi Riyal was approved for the construction of Mohmand Dam from the Saudi Development Fund. “The funding is for 25 years and an interest rate of two percent will be charged on it,” said the envoy of Saudi Arabia. ....
Daily Times Omar Ayub says PTI to win general elections of 2023 again on its five-year performance May 27, 2021 ISLAMABAD: Federal Minister for Economic Affairs Omar Ayub Khan on Thursday said the up-coming budget would be growth oriented and would be offered more jobs to the people. Talking to a private TV channel, he said that the government was well aware about inflation and it was making sincere efforts to reduce it. He termed the up-coming budget as people-friendly and said the prices of edible items would be decreased in days to come. He said that coronavirus pandemic had badly fluctuated the big world economic powers that’s why the inflation had become a worldwide phenomenon. He said that the Pakistan Muslim League-Nawaz was responsible for provision of expensive electricity and gas because it had made wrong agreements during its previous government. ....