Islamabad: As per the Saudi news channel, Pakistan and Saudi Arabia are expected to ink an agreement of over $1 billion in the oil sector, through the Saudi Development Fund. “The coming days will witness the signing of an agreement between the Kingdom and Pakistan through the Saudi Development Fund (SDF), with an increase of one billion dollars for oil derivatives,” Nawaf Al-Maliki, Saudi Arabia’s ambassador to Pakistan was quoted as saying.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

NEPRA approves another hike in power tariff

Giving another shock to the already burdened power consumers, the National Electric…

Pakistan achieves 6% GDP growth: Economic Survey 2021-22

Islamabad: On Thursday, the incumbent government reflected upon the performance of the…

World Bank raises global growth forecast

The World Bank revised its 2023 global growth forecast slightly upwards to…

Attack on Israel boosts appeal of gold

The violence in Israel that erupted this weekend is prompting a move…