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Your email address will not be published.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

Federal cabinet ‘approves’ tariff review for eight more IPPs

The federal cabinet, chaired by Prime Minister Shehbaz Sharif, ‘approved’ the tariff…

Remittances hit 7-month high in March

Remittances sent home by overseas Pakistanis touched a seven-month high at $2.5…

Rupee closes at Rs178.13 against US dollar

Karachi: It emerged that the Pakistani currency shed 0.01% against the US…

Ariana Afghan Airlines begins service

It is reported on Thursday that Ariana Afghan Airlines has begun regular…