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Your email address will not be published.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

Pakistan earns million dollars from IT services

Pakistan earned US$ 1,941.350 million by providing different Information Technology (IT) services…

Pakistan places first order for discounted Russian crude oil

Pakistan has placed its first order for discounted Russian crude oil under…

Dollar weakens after govt’s warning to reign in currency

Karachi: The government’s warning to reign in currency speculation again pushed down…

ECB raises interest rates to 3.5 percent

The European Central Bank raised its benchmark interest rate by 0.25 percent…