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Your email address will not be published.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, Uzbekistan vow to take bilateral trade to $2bln

Pakistan and Uzbekistan on Wednesday vowed to take the volume of bilateral…

Gold rate drops by Rs. 4,000 per tola

Karachi: The gold price in Pakistan continued its downward trajectory in line…

Dollar crosses PKR 170

Senator Talha Mahmood chaired A meeting of the Standing Committee on Finance…

Post-corona lockdown, skyrocketing expenses

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