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Your email address will not be published.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

Oil prices find some support after heavy losses on US recession fears

Oil prices rose slightly on Thursday, finding some support after heavy losses…

2 Million Beneficiaries in Punjab Pay Taxes through E-Pay Punjab App

Lahore, Wednesday 14 October, 2020: e-Pay Punjab, the first-ever government payment aggregator for…

Nigerian oil vessel explosion poses threat

It was reported on Friday that a ship with a capacity of…

KE, Chinese firm sign MoU for clean energy

K-Electric and China Three Gorges South Asia Investment Limited signed a memorandum…