Pakistan has faced a big setback as the Saudi Arabia made it clear that they prefer the friendship with India. Giving a big blow to Pakistan, Saudi Arabia has made it clear that there will be ‘no oil and no loan. for Pakistan.And with this the decade-long friendship between the two countries has finally ended.
The Saudi Arabia reportedly took this decision after the Pakistan Foreign Minister Shah Mehmood Qureshi had given a warning to Saudi Arabia-led Organisation of Islamic Cooperation (OIC) for not taking a stance against India over the Kashmir issue.
Pakistan was also made to pay back USD 1 billion to Saudi Arabia, which was part of a $6.2 billion package announced by Saudi Arabia in November 2018, which included a total of $3 billion in loans and an oil credit facility amounting to $3.2 billion. The deals were then signed when Crown Prince Muhammed Bin Salman made a visit to Pakistan in February last year.
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