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”.
You May Also Like
Pakistan releases billion rupees to power plants on IMF condition
Following the International Monetary Fund’s (IMF) condition, Pakistan has released Rs.140 bln…
- Hafsa Mustafa
- December 29, 2023
Stock plunges low as US Senate imposes sanctions on Afghanistan
On Wednesday, Pakistan Stock Exchange reported 3% fall and rupee also dropped…
- Alina Hashmi
- September 29, 2021
GSK settles another lawsuit on Zantac
GSK agreed to confidentially settle another lawsuit in California that had alleged…
- Hafsa Mustafa
- February 29, 2024
Microsoft to buy “Call of Duty”
It emerged on Jan 18 that Microsoft Corp (MSFT.O) was acquiring “Call…
- Alina Hashmi
- January 18, 2022