The statement released following a cabinet meeting chaired by King Salman said Riyadh would also cut spending for next year in a rare belt-tightening measure.
ISLAMABAD: After the approval from the federal cabinet, government is all set to present its first 'mini budget' Tuesday (today) in the National Assembly....
RIYADH: Saudi Arabia's budget deficit halved in the first six months of this year, the finance ministry said on Sunday, following sweeping spending cuts...
RIYADH: Saudi Arabia plans to raise up to $17.5 billion from its first international bond issue, Bloomberg News reported on Wednesday, as analysts expect...
ISLAMABAD: Federal Minister for Finance Ishaq Dar has said that no one will be allowed to use their political influence for getting their loans waived off, ARY News reported.