Islamabad: Sources revealed that Pakistan would likely secure a multi-billion dollar financial support package from longtime ally Saudi Arabia this month. The two finance ministry officials said the package would include deposits boosting the country’s foreign reserves, and oil on deferred payments. Minister for Finance and Revenue Senator Ishaq Dar, earlier during a press conference, hoped that talks with Saudi Arabia would materialise soon — and Pakistan would not “default”.

Leave a Reply

Your email address will not be published.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

You May Also Like

Gold price rise in Pakistan after two-day decline

The price of gold rose in Pakistan Wednesday after declining by Rs.…

Pak, Russia agree to enhance cooperation

Islamabad: In a significant development at the second round of talks of…

Emirates to ‘set up’ major cargo business hub at Karachi airport

Emirates Airline has announced to establish a major cargo business hub at…

Pakistan receives first-ever shipment of US crude oil following trade deal

Pakistan’s energy sector received its first-ever shipment of US crude oil, carrying…