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Your email address will not be published.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

SBP reserves swell after $700m injection by China

Karachi: Pakistan on Friday received a new $700 million loan from China…

Pakistan considers establishing National Crypto Council

The Pakistan government is exploring the options to establish a National Crypto…

Pakistan, Azerbaijan to enhance bilateral cooperation

Pakistan and Azerbaijan agreed to enhance bilateral trade and defense cooperation with…

Forex reserves decline by millions

Due to external debt rebates, forex reserves of SBP have declined by…