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Your email address will not be published.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-held forex reserves maintain uptrend

The central bank said that its foreign exchange reserves increased by $280…

FBR database breach prevented

Officials of the Federal Board of Revenue (FBR) reported that the database…

US Dollar slips on underlying moderate PPI data

The US Dollar (USD) slid on Wednesday after hotter-than-expected data on U.S.…

China plans $1 billion investment in Pakistan’s medical city

President Asif Ali Zardari on Thursday invited China to invest in diverse…