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Your email address will not be published.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

India’s Russian oil imports surge to a record

India’s Russian oil imports climbed to a record 1.4 million barrels per…

Russia’s Gazprom gas cut crushes hopes after grain deal

Kyiv: On July 25,it emerged that Russia’s Gazprom was set to cut…

Suez Canal traffic disrupted after oil tanker engine breaks down

An oil tanker caused a temporary disruption of traffic in Egypt’s Suez…