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Your email address will not be published.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

Fears of banking crisis haunt global stock markets

Stocks markets have tumbled again as fears of a banking crisis resurfaced…

SBP-held reserves plummet below $4.5bn

Pakistan’s central bank forex reserves have plunged to the lowest level since…

Emirates to ‘set up’ major cargo business hub at Karachi airport

Emirates Airline has announced to establish a major cargo business hub at…

Post-corona lockdown, skyrocketing expenses

On Oct 14, it is reported that a huge surge has been…