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Your email address will not be published.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

PM Shehbaz asks businessmen to devise plans for Saudi investment

On May 29, Prime Minister Shehbaz Sharif asked Karachi businessmen to devise…

Pakistan’s Exports to Afghanistan Decrease 25.68% in 2 months

ISLAMABAD, Oct 11 (APP): Pakistan’s exports of goods and services to Afghanistan…

Kazakhstan takes global majors to court over oilfield revenues

Kazakhstan on Tuesday said it had begun international arbitration court proceedings against…

Pakistan makes first purchase of US crude oil after trade deal

Pakistan’s largest refiner Cnergyico will import a million barrels of oil from…