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Your email address will not be published.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-IMF loan talks on track: Ishaq Dar

Islamabad: Finance Minister Ishaq Dar said on Thursday that talks with the…

Dollar surges, bitcoin hits record high as Trump claims US election victory

The US Dollar (USD) was set for its biggest one-day rise since…

Gold price in Pakistan increases

Local gold in Pakistan is being sold for Rs. 95,165 per 10…

Pakistan-IMF staff-level agreement ‘delayed’

Staff-level agreement between the International Monetary Fund (IMF) and Pakistan faces delay…