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Thursday April 25, 2024

‘It’s actually $12 billion’

Saudi Arabia also agreed to supply $3 billion oil to Pakistan on deferred payments.

By News Desk
October 24, 2018

LAHORE: Geo News reported, citing Asad Umar, the total Saudi Arabian assistance package for Pakistan which the kingdom agreed on Tuesday is of $12 billion. The Saudi government will deposit $3 billion in Pakistan’s account to boost its dwindling foreign exchange reserves.

Saudi Arabia also agreed to supply $3 billion oil to Pakistan on deferred payments. This facility will continue for the second and third year also. The deferred amount thus stands at dollar 12 billion.