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Your email address will not be published.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

Rupee continues to extend losses against Dollar

Karachi: On October 28, the Pakistani Rupee registered losses for the third…

Pakistan receives first-ever shipment of US crude oil following trade deal

Pakistan’s energy sector received its first-ever shipment of US crude oil, carrying…

Pakistan’s Exports to Afghanistan Decrease 25.68% in 2 months

ISLAMABAD, Oct 11 (APP): Pakistan’s exports of goods and services to Afghanistan…

World leaders aim to stop deforestation, greenhouse gases emission

Glasgow: On Nov 2, World Leaders at the COP26 global climate conference…