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Your email address will not be published.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

Toyota carmakers to halt production

Pakistan’s leading car assembler, Indus Motor Company (IMC), announced a four-day plant…

Rupee resumes recovery against dollar

Karachi: The Pakistani rupee on Friday once again resumed its recovery trend…

Türkiye to discuss Black Sea grain corridor in Russia

Ankara: On June 21, according to the statement by Türkiye’s presidency, a…