Islamabad: As per the Saudi news channel, Pakistan and Saudi Arabia are expected to ink an agreement of over $1 billion in the oil sector, through the Saudi Development Fund. “The coming days will witness the signing of an agreement between the Kingdom and Pakistan through the Saudi Development Fund (SDF), with an increase of one billion dollars for oil derivatives,” Nawaf Al-Maliki, Saudi Arabia’s ambassador to Pakistan was quoted as saying.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Turkish lira touches record low

Turkey’s lira slumped to a record low against the dollar on Monday,…

Pakistan gets lightning detectors from China

China has gifted Pakistan with meteorological detectors that provide early warning of…

Chances of Pakistan securing IMF bailout ‘dimming’: Moody’s

Moody’s Investors Service warned that Pakistan was at an increased risk of…

Pakistan, Binance to explore ‘tokenisation’ of up to $2bn in assets

Pakistan has inked a memorandum of understanding with Binance to explore the…