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Saudi Arabia Ties Tax Exemption And Money Release

The debt issues between Pakistan and Saudi Arabia have been resolved, and Pakistan’s government would comply with Saudi demands by not taxing payments, as per the agreement.

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Sources claim that Saudi Arabia has resolved to free itself from taxes in exchange for Pakistan receiving $382 million for four projects.

The sources claim that the Pakistani government is doing its part to fulfil the Saudi conditionality.

The agreements will reportedly be signed soon by the two nations, and the signing ceremony would probably happen during the Saudi crown prince’s visit to Pakistan.

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Written by Aly Bukshi

The editorial staff at IPIN is a team of news publishing experts led by Aly Bakshi. We publish interesting and informative news/articles all over the world. Our aim is to provide readers with the latest and most up-to-date information possible.