Saudi Arabia has no plans to offer extra funds to the IMF, Finance Minister Ibrahim al-Assaf said on Saturday, quashing speculation it would offer cash to help the IMF battle the global financial crisis. "There were lots of rumors that we were coming here to pay the bill, there is no such ...

LAHORE - The 'Pak-Saudi Investors Conference' is being held in Riyadh next month, as Saudi Arabia is contemplating to invest in Pakistan's agriculture sector in an effort to ensure adequate food supplies especially rice. Sources in the Ministry of Food, Agriculture and Livestock (Minfal) on ...

VIENNA (AFP) - Saudi Arabia expressed satisfaction with recent steep falls in oil prices on Tuesday and appeared in no mood to approve a cut in output by the OPEC group despite fears among some members of oversupply. "We have worked very hard since June's meeting to bring prices to where they ...

Saudi Arabia has agreed to defer payments for the crude oil sales to Pakistan worth $5.9 billion during Pakistan's current July-June financial year, a British daily reported on Saturday. The modalities are being worked out," Pakistan's de facto finance minister Naveed Qamar was quoted as ...

Asif Ali Zardari, Co-Chairman, PPP has termed Saudi Arabia visit as satisfactory and successful. He said all its major objectives had been achieved during his visit. While talking to the journalists in Jeddah, Zardari said President Musharraf was not a legal President; however, he had been elected ...