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Your email address will not be published.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

Asian markets rise on Alibaba boost

Asian stocks have been broadly up to buck losses on Wall Street,…

Virgin Orbit files for bankruptcy

Virgin Orbit filed for bankruptcy after the company founded by the British…

Rupee continues to depreciate

Karachi: On Dec 28, the Pakistani rupee continued to slide against the…

Gold rate declines for second consecutive day

Despite an increase in the international rate, gold’s value declined in Pakistan…