KARACHI, Pakistan --- The struggling State Bank of Pakistan got a shot in the arm early this month when it received a purported "gift" of $1.5 billion from Saudi Arabia. This was not the first time such a gift has arrived. In fact, Riyadh has been a consistent benefactor to Islamabad. Retracing history, political analyst Dr. Hassan Askari Rizvi
Saudi Arabia Flexes Financial Muscle In $1.5b “Gift” To Pakistan
The $1.5 billion bailout surely comes with strings attached. Analysts believe this “gift” could be meant to force Pakistan to take a side in ongoing conflict in the Middle East and Gulf region.