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Your email address will not be published.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

Microsoft & Alaska Airlines Team Up for Alternative Jet Fuel

Washington, Oct 22 (AFP/APP): Microsoft and Alaska Airlines announced a partnership Thursday…

Interest rate surges to historic high

Lahore: The State Bank of Pakistan announced a new policy and increased…

Massive irregularities in Peshawar BRT project: Report

Peshawar: An audit report showed irregularities worth billions of rupees in the…

Pakistan has enough coal to generate 100,000 MW power: Dastgir

Energy Minister Khurram Dastgir Khan has said that the country has coal…